Period
to 19 February 2018

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 6 months to 19 February 2018 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Markets in Financial Instruments Directive (MiFID)
England > London
6 months to
19 Feb 2018
Same period 2017 Same period 2016
Rank 234 192 281
Rank change year-on-year -42 +89 +251
Contract jobs citing MiFID 520 564 366
As % of all contract IT jobs advertised in London 1.12% 1.39% 0.82%
As % of the Quality Assurance & Compliance category 8.61% 11.57% 7.06%
Number of daily rates quoted 397 429 231
London median daily rate £600 £600 £600
10th Percentile £425 £456 £430
90th Percentile £763 £725 £725
England median daily rate £583 £600 £600
% change year-on-year -2.92% - +4.35%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - £17.00

MiFID is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 6,037 4,876 5,186
As % of all contract IT jobs advertised in London 12.96% 11.98% 11.66%
Number of daily rates quoted 4,289 3,374 3,541
London median daily rate £488 £475 £450
Median daily rate % change year-on-year +2.63% +5.56% +5.88%
10th Percentile £303 £281 £263
90th Percentile £675 £663 £625
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 88 78 62
London median hourly rate £19.50 £20.75 £22.06
Median hourly rate % change year-on-year -6.02% -5.93% +2.59%
10th Percentile £12.78 £11.82 £12.00
90th Percentile £57.50 £47.25 £54.15
England median hourly rate £21.01 £21.50 £25.00
% change year-on-year -2.30% -14.00% +19.05%

MiFID
Job Vacancy Trend in London

Job postings citing MiFID as a percentage of all IT jobs advertised in London.

Job vacancy trend for MiFID in London

MiFID
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in London.

Contractor daily rate trend for MiFID in London

MiFID
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing MiFID in London over the 6 months to 19 February 2018.

Contractor daily rate histogram for MiFID in London

MiFID
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing MiFID in London.

Contractor hourly rate trend for MiFID in London

MiFID
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the London region over the 6 months to 19 February 2018. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Central London -43 105 £583 -2.92% 14
South London - 6 £650 -
East London -18 2 £788 +37.86% 1
MiFID
England

For the 6 months to 19 February 2018, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the London region with a requirement for MiFID.

1 264 (50.77%) Finance
2 261 (50.19%) Banking
3 156 (30.00%) Front Office
4 129 (24.81%) Investment Banking
4 129 (24.81%) EMIR
5 116 (22.31%) SQL
6 109 (20.96%) Foreign Exchange (FX)
7 101 (19.42%) Derivative
8 98 (18.85%) Agile Software Development
9 85 (16.35%) Fixed Income
9 85 (16.35%) Java
10 81 (15.58%) Equities
10 81 (15.58%) Business Analysis
11 76 (14.62%) Dodd-Frank
12 69 (13.27%) .NET
13 65 (12.50%) C#
13 65 (12.50%) Stakeholder Management
14 63 (12.12%) Change Management
15 61 (11.73%) Project Management
16 57 (10.96%) Back Office
17 56 (10.77%) Asset Management
18 51 (9.81%) Python
19 45 (8.65%) SQL Server
20 44 (8.46%) Linux
20 44 (8.46%) FIX Protocol
20 44 (8.46%) Blockchain
21 42 (8.08%) QA
21 42 (8.08%) Investment Management
22 40 (7.69%) User Acceptance Testing
23 38 (7.31%) Unix

MiFID
Co-occurring IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 12 (2.31%) IIS
2 7 (1.35%) WebSphere
3 6 (1.15%) Apache
3 6 (1.15%) SharePoint
3 6 (1.15%) WildFly
4 2 (0.38%) Confluence
4 2 (0.38%) MQSeries
4 2 (0.38%) MQSI
4 2 (0.38%) Tomcat
5 1 (0.19%) Apache Spark
Applications
1 20 (3.85%) Microsoft Excel
2 11 (2.12%) Microsoft PowerPoint
3 10 (1.92%) MS Visio
4 9 (1.73%) Microsoft Project
5 5 (0.96%) Microsoft Office
6 3 (0.58%) Spreadsheet
Business Applications
1 10 (1.92%) Summit
2 8 (1.54%) ION MarketView
3 7 (1.35%) SunGard GMI
4 5 (0.96%) Bloomberg TOMS
4 5 (0.96%) Minerva
4 5 (0.96%) Sentinel
5 4 (0.77%) Markit EDM
6 1 (0.19%) IntelliMatch
6 1 (0.19%) RMDS
Cloud Services
1 1 (0.19%) Microsoft Azure
Communications & Networking
1 11 (2.12%) FIX Connectivity
2 5 (0.96%) LAN
2 5 (0.96%) PPP
2 5 (0.96%) TCP/IP
3 4 (0.77%) WAN
4 2 (0.38%) VoIP
5 1 (0.19%) GSM
5 1 (0.19%) Intranet
Database & Business Intelligence
1 45 (8.65%) SQL Server
2 44 (8.46%) Blockchain
3 19 (3.65%) SQL Server Integration Services
4 17 (3.27%) SQL Server Reporting Services
5 16 (3.08%) Big Data
6 13 (2.50%) Data Warehouse
7 11 (2.12%) Hadoop
8 10 (1.92%) Relational Database
9 9 (1.73%) DB2
10 5 (0.96%) HBase
11 4 (0.77%) Apache Hive
11 4 (0.77%) KDB
11 4 (0.77%) Kdb+
12 2 (0.38%) MongoDB
12 2 (0.38%) MySQL
12 2 (0.38%) NoSQL
12 2 (0.38%) Oracle Database
12 2 (0.38%) Oracle Database 11g
12 2 (0.38%) RDBMS
12 2 (0.38%) SQL Server 2014
Development Applications
1 25 (4.81%) JIRA
2 15 (2.88%) Jenkins
2 15 (2.88%) Selenium
3 11 (2.12%) Cucumber
3 11 (2.12%) Maven
3 11 (2.12%) TeamCity
4 10 (1.92%) Ant
4 10 (1.92%) Git (software)
5 9 (1.73%) Hudson
6 8 (1.54%) Gradle
6 8 (1.54%) Visual Studio
7 7 (1.35%) Team Foundation Server
8 3 (0.58%) FitNesse
8 3 (0.58%) JUnit
9 2 (0.38%) HP UFT
9 2 (0.38%) JBehave
10 1 (0.19%) eggPlant
10 1 (0.19%) TestComplete
General
1 264 (50.77%) Finance
2 261 (50.19%) Banking
3 156 (30.00%) Front Office
4 129 (24.81%) Investment Banking
5 57 (10.96%) Back Office
6 18 (3.46%) Financial Institution
7 11 (2.12%) Retail Banking
8 10 (1.92%) Legal
9 9 (1.73%) Private Banking
10 8 (1.54%) French Language
11 6 (1.15%) Corporate Banking
12 5 (0.96%) Marketing
13 2 (0.38%) Electronics
13 2 (0.38%) Manufacturing
13 2 (0.38%) Retail
13 2 (0.38%) Telecoms
14 1 (0.19%) International Banking
14 1 (0.19%) Japanese Language
14 1 (0.19%) Law
Job Titles
1 190 (36.54%) Analyst
2 140 (26.92%) Developer
3 136 (26.15%) Business Analyst
4 60 (11.54%) Project Manager
5 58 (11.15%) MiFID Business Analyst
6 43 (8.27%) Senior Developer
7 42 (8.08%) C# Developer
7 42 (8.08%) Java Developer
8 39 (7.50%) SQL Developer
9 32 (6.15%) Banking Analyst
10 30 (5.77%) Test Analyst
11 23 (4.42%) .NET Developer
12 21 (4.04%) Architect
12 21 (4.04%) Regulatory Business Analyst
13 20 (3.85%) C# .NET Developer
14 19 (3.65%) Report Analyst
15 18 (3.46%) MiFID Project Manager
15 18 (3.46%) Senior Analyst
15 18 (3.46%) Tester
16 16 (3.08%) C++ Developer
Libraries, Frameworks & Software Standards
1 69 (13.27%) .NET
2 44 (8.46%) FIX Protocol
3 31 (5.96%) JSON
3 31 (5.96%) XML
4 21 (4.04%) Web Services
5 20 (3.85%) Entity Framework
6 18 (3.46%) .NET Framework
7 16 (3.08%) Middleware
7 16 (3.08%) SOAP
8 15 (2.88%) WCF
9 12 (2.31%) AngularJS
9 12 (2.31%) JMS
9 12 (2.31%) RabbitMQ
9 12 (2.31%) Spring
10 11 (2.12%) WPF
11 10 (1.92%) FpML
11 10 (1.92%) HTML
12 9 (1.73%) jQuery
12 9 (1.73%) Kafka
12 9 (1.73%) Rendezvous
Miscellaneous
1 109 (20.96%) Foreign Exchange (FX)
2 101 (19.42%) Derivative
3 85 (16.35%) Fixed Income
4 81 (15.58%) Equities
5 35 (6.73%) Analytical Skills
6 29 (5.58%) OTC Derivatives
7 20 (3.85%) Market Risk
8 17 (3.27%) Reference Data
9 12 (2.31%) Equity Derivative
9 12 (2.31%) Management Information System
10 11 (2.12%) Fintech
10 11 (2.12%) Hedge funds
11 10 (1.92%) Data Structures
12 9 (1.73%) PMI
13 8 (1.54%) Computer Science
13 8 (1.54%) Greenfield Project
13 8 (1.54%) Interest Rate Derivative
14 7 (1.35%) Credit Risk
14 7 (1.35%) Swaptions
15 6 (1.15%) Exotic Derivative
Operating Systems
1 44 (8.46%) Linux
2 38 (7.31%) Unix
3 27 (5.19%) Windows
4 6 (1.15%) Windows Server
5 1 (0.19%) Solaris
Processes & Methodologies
1 98 (18.85%) Agile Software Development
2 81 (15.58%) Business Analysis
3 65 (12.50%) Stakeholder Management
4 63 (12.12%) Change Management
5 61 (11.73%) Project Management
6 56 (10.77%) Asset Management
7 42 (8.08%) Investment Management
8 40 (7.69%) User Acceptance Testing
9 35 (6.73%) Multithreading
10 32 (6.15%) Test Automation
11 30 (5.77%) TDD
12 28 (5.38%) Electronic Trading
13 27 (5.19%) OO
14 25 (4.81%) SDLC
15 23 (4.42%) PRINCE2
15 23 (4.42%) Wealth Management
16 21 (4.04%) Data Modelling
16 21 (4.04%) Manual Testing
17 20 (3.85%) Scrum
18 19 (3.65%) Migration
Programming Languages
1 116 (22.31%) SQL
2 85 (16.35%) Java
3 65 (12.50%) C#
4 51 (9.81%) Python
5 33 (6.35%) T-SQL
6 28 (5.38%) C++
7 24 (4.62%) JavaScript
8 16 (3.08%) PL/SQL
9 15 (2.88%) Ruby
9 15 (2.88%) Shell Script
10 12 (2.31%) Bash Shell
11 10 (1.92%) VBA
12 9 (1.73%) Perl
13 7 (1.35%) Scala
14 5 (0.96%) C
15 3 (0.58%) PowerShell
15 3 (0.58%) Tcl
16 1 (0.19%) Apex Code
16 1 (0.19%) PHP
16 1 (0.19%) XQuery
Qualifications
1 15 (2.88%) Degree
2 11 (2.12%) PMI Certification
3 8 (1.54%) PMP
4 5 (0.96%) PRINCE2 Practitioner
5 4 (0.77%) APMP
5 4 (0.77%) ISEB
5 4 (0.77%) PRINCE2 Certification
6 3 (0.58%) ISTQB
7 2 (0.38%) Computer Science Degree
7 2 (0.38%) Numerate Degree
7 2 (0.38%) PhD
8 1 (0.19%) CBAP
8 1 (0.19%) CFA
8 1 (0.19%) IIBA
8 1 (0.19%) Master's Degree
8 1 (0.19%) Novell Certification
Quality Assurance & Compliance
1 129 (24.81%) EMIR
2 76 (14.62%) Dodd-Frank
3 42 (8.08%) QA
4 23 (4.42%) GDPR
5 20 (3.85%) PMO
6 13 (2.50%) Solvency II
7 10 (1.92%) AIFMD
8 9 (1.73%) FATCA
9 6 (1.15%) IFRS
10 5 (0.96%) Sarbanes-Oxley
11 4 (0.77%) Basel III
12 3 (0.58%) Data Quality
12 3 (0.58%) PSD2
13 2 (0.38%) Basel II
14 1 (0.19%) IFRS 9
14 1 (0.19%) UCITS
System Software
1 5 (0.96%) HDFS
2 2 (0.38%) Active Directory
3 1 (0.19%) Apache ZooKeeper
Systems Management
1 7 (1.35%) HP Quality Center
2 2 (0.38%) Control-M
3 1 (0.19%) Ansible
3 1 (0.19%) ITRS Geneos
3 1 (0.19%) Thomson Reuters DACS
Vendors
1 35 (6.73%) Microsoft
2 27 (5.19%) Bloomberg
3 24 (4.62%) Oracle
4 16 (3.08%) TIBCO
5 15 (2.88%) Fidessa
5 15 (2.88%) ION Trading
6 13 (2.50%) Murex
7 8 (1.54%) Charles River
7 8 (1.54%) IBM
7 8 (1.54%) Perforce
8 7 (1.35%) Calypso
8 7 (1.35%) CQG
8 7 (1.35%) FIS
8 7 (1.35%) SunGard
8 7 (1.35%) Sybase
9 6 (1.15%) Solace
10 4 (0.77%) Informatica
10 4 (0.77%) Reuters
10 4 (0.77%) SAP
11 3 (0.58%) Salesforce.com