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 3 months to 28 March 2017 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
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 126 307 376
Rank change year-on-year +181 +69  
Contract jobs citing MiFID 386 119 36
As % of all contract IT jobs advertised in London 1.98% 0.53% 0.17%
As % of the Quality Assurance & Compliance category 16.24% 4.93% 1.50%
Number of daily rates quoted 301 84 23
Median daily rate £600 £600 £575
Median daily rate % change year-on-year - +4.34%  
90% offered a daily rate of more than £475 £409 £530
10% offered a daily rate of more than £700 £750 £700
UK excluding London median daily rate £475 £525 £400
% change year-on-year -9.52% +31.25%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MiFID is in the quality assurance and compliance skills category. The next 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 and compliance skills.

Contract Quality Assurance & Compliance Skills
London
Contract job vacancies with a requirement for quality assurance and compliance skills 2377 2412 2406
As % of all contract IT job vacancies advertised in London 12.19% 10.81% 11.18%
Number of daily rates quoted 1687 1702 1687
Median daily rate £500 £450 £438
Median daily rate % change year-on-year +11.11% +2.85%  
90% offered a daily rate of more than £314 £275 £263
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 32 30 17
Median hourly rate £20.50 £22.00 £21.75
Median hourly rate % change year-on-year -6.81% +1.14%  
90% offered a hourly rate of more than £13.50 £13.75 £17.00
10% offered a hourly rate of more than £49.30 £25.90 £136.75
UK excluding London median hourly rate £19.90 £40.00 £29.00
% change year-on-year -50.25% +37.93%  

MiFID
Job Vacancy Trend in London

The job posting trend of jobs advertised in London citing MiFID as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

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 3 months to 28 March 2017.

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 3 months to 28 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +68 107 £600 -2.04% 20
Canary Wharf +3 7 £550 -18.51%
Docklands, London - 4 £600 -
MiFID
England

For the 6 months to 28 March 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for MiFID.

1 292 (46.65%) Finance
2 277 (44.25%) Banking
3 195 (31.15%) Front Office
4 143 (22.84%) Business Analysis
5 140 (22.36%) EMIR
6 132 (21.09%) Investment Banking
7 128 (20.45%) Derivative
7 128 (20.45%) Dodd-Frank
8 125 (19.97%) Stakeholder Management
9 113 (18.05%) Agile Software Development
10 102 (16.29%) Equities
11 99 (15.81%) Project Management
12 95 (15.18%) Foreign Exchange (FX)
13 90 (14.38%) Java
14 87 (13.90%) Asset Management
15 86 (13.74%) SQL
16 81 (12.94%) Fixed Income
17 69 (11.02%) Change Management
18 64 (10.22%) Unix
19 62 (9.90%) SDLC
20 60 (9.58%) Investment Management
21 56 (8.95%) Scrum
22 52 (8.31%) GAP Analysis
22 52 (8.31%) Wealth Management
23 47 (7.51%) Electronic Trading
24 41 (6.55%) XML
25 40 (6.39%) Analytical Skills
26 39 (6.23%) Back Office
26 39 (6.23%) Spring
27 35 (5.59%) OO

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 8 (1.28%) WebSphere
2 5 (0.80%) WebLogic
3 4 (0.64%) Confluence
4 2 (0.32%) Elasticsearch
5 1 (0.16%) Apache Spark
5 1 (0.16%) JBoss
5 1 (0.16%) MTS
5 1 (0.16%) SharePoint
5 1 (0.16%) WebSphere Application Server
Applications
1 13 (2.08%) MS Excel
1 13 (2.08%) MS PowerPoint
2 9 (1.44%) MS Office
3 5 (0.80%) MS Visio
4 4 (0.64%) MS Project
Business Applications
1 9 (1.44%) ION MarketView
2 5 (0.80%) Bloomberg TOMS
3 4 (0.64%) Murex MxG2000
4 3 (0.48%) thinkFolio
5 2 (0.32%) Sonata
6 1 (0.16%) BondVision
6 1 (0.16%) BusinessWorks
6 1 (0.16%) CA PPM
6 1 (0.16%) Global One
6 1 (0.16%) IntelliMatch
6 1 (0.16%) Loan IQ
6 1 (0.16%) Markit EDM
6 1 (0.16%) RMDS
6 1 (0.16%) Sentinel
6 1 (0.16%) Summit
6 1 (0.16%) Temenos T24
Cloud Services
1 9 (1.44%) Amazon AWS
1 9 (1.44%) Microsoft Azure
Communications & Networking
1 6 (0.96%) TCP/IP
2 3 (0.48%) Multicast
3 2 (0.32%) HTTP
3 2 (0.32%) Internet
4 1 (0.16%) Extranet
4 1 (0.16%) Network Security
4 1 (0.16%) PuTTY
Database & Business Intelligence
1 30 (4.79%) Relational Database
2 28 (4.47%) DB2
3 17 (2.72%) Big Data
4 10 (1.60%) Data Warehouse
4 10 (1.60%) KDB
5 9 (1.44%) Hadoop
6 7 (1.12%) SQL Server
7 6 (0.96%) Hazelcast
8 5 (0.80%) MongoDB
9 4 (0.64%) NoSQL
10 3 (0.48%) Data Mining
10 3 (0.48%) Kdb+
10 3 (0.48%) Oracle Database
10 3 (0.48%) SQL Server 2008
11 2 (0.32%) Apache Hive
11 2 (0.32%) HBase
11 2 (0.32%) MS Access
11 2 (0.32%) SQL Server 2014
12 1 (0.16%) Neo4j
12 1 (0.16%) SQL Server Integration Services
Development Applications
1 26 (4.15%) Git (software)
1 26 (4.15%) Maven
2 23 (3.67%) Gradle
2 23 (3.67%) Jenkins
3 22 (3.51%) Cucumber
4 20 (3.19%) Ant
4 20 (3.19%) Concordion
4 20 (3.19%) JBehave
5 19 (3.04%) Hudson
6 17 (2.72%) JUnit
7 15 (2.40%) Selenium
8 12 (1.92%) JIRA
9 9 (1.44%) FitNesse
10 8 (1.28%) TeamCity
11 7 (1.12%) Mockito
11 7 (1.12%) Subversion
12 6 (0.96%) webpack
13 3 (0.48%) SpecFlow
14 1 (0.16%) Apache Ivy
14 1 (0.16%) Capybara
General
1 292 (46.65%) Finance
2 277 (44.25%) Banking
3 195 (31.15%) Front Office
4 132 (21.09%) Investment Banking
5 39 (6.23%) Back Office
6 32 (5.11%) Legal
7 13 (2.08%) Private Banking
8 11 (1.76%) Advertising
8 11 (1.76%) Financial Institution
9 9 (1.44%) Retail
10 7 (1.12%) Prime Brokerage
11 4 (0.64%) Corporate Banking
11 4 (0.64%) French Language
12 3 (0.48%) Marketing
12 3 (0.48%) Retail Banking
12 3 (0.48%) Wholesale Banking
13 2 (0.32%) German Language
13 2 (0.32%) International Banking
13 2 (0.32%) Mandarin Language
13 2 (0.32%) Telecoms
Job Titles
1 318 (50.80%) Analyst
2 316 (50.48%) Business Analyst
3 223 (35.62%) MiFID Business Analyst
4 102 (16.29%) Developer
5 95 (15.18%) Project Manager
6 60 (9.58%) Java Developer
7 52 (8.31%) Regulatory Business Analyst
8 49 (7.83%) MiFID Project Manager
9 41 (6.55%) Senior Analyst
10 38 (6.07%) Senior Business Analyst
11 34 (5.43%) Front Office Business Analyst
12 30 (4.79%) Architect
12 30 (4.79%) Investment Banking Business Analyst
13 29 (4.63%) Derivatives Business Analyst
14 27 (4.31%) Banking Analyst
15 26 (4.15%) IT Business Analyst
16 25 (3.99%) Business IT Analyst
16 25 (3.99%) IT Analyst
17 21 (3.35%) Senior Developer
18 20 (3.19%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 41 (6.55%) XML
2 39 (6.23%) Spring
3 31 (4.95%) FIX Protocol
4 24 (3.83%) HTML
5 23 (3.67%) JSON
6 22 (3.51%) HTML5
7 20 (3.19%) Middleware
7 20 (3.19%) SOAP
8 16 (2.56%) FpML
9 15 (2.40%) Boost C++ Libraries
9 15 (2.40%) STL
10 14 (2.24%) Protocol Buffers
11 12 (1.92%) Node.js
12 9 (1.44%) AngularJS
12 9 (1.44%) JMS
13 7 (1.12%) CSS
13 7 (1.12%) WebSockets
14 6 (0.96%) .NET
14 6 (0.96%) Hibernate
14 6 (0.96%) Murex MxML
Miscellaneous
1 128 (20.45%) Derivative
2 102 (16.29%) Equities
3 95 (15.18%) Foreign Exchange (FX)
4 81 (12.94%) Fixed Income
5 40 (6.39%) Analytical Skills
6 32 (5.11%) Fintech
7 29 (4.63%) Equity Derivative
8 19 (3.04%) OTC Derivatives
9 18 (2.88%) Reference Data
10 16 (2.56%) Algorithms
11 15 (2.40%) Computer Science
12 13 (2.08%) Market Risk
13 11 (1.76%) Credit Risk
14 10 (1.60%) N-Tier
15 9 (1.44%) Hedge funds
16 7 (1.12%) Management Information System
16 7 (1.12%) User Experience
17 6 (0.96%) Interest Rate Derivative
18 5 (0.80%) Swaptions
19 4 (0.64%) PMI
Operating Systems
1 64 (10.22%) Unix
2 27 (4.31%) Linux
3 6 (0.96%) Windows
4 4 (0.64%) Solaris
5 1 (0.16%) Windows Server
Processes & Methodologies
1 143 (22.84%) Business Analysis
2 125 (19.97%) Stakeholder Management
3 113 (18.05%) Agile Software Development
4 99 (15.81%) Project Management
5 87 (13.90%) Asset Management
6 69 (11.02%) Change Management
7 62 (9.90%) SDLC
8 60 (9.58%) Investment Management
9 56 (8.95%) Scrum
10 52 (8.31%) GAP Analysis
10 52 (8.31%) Wealth Management
11 47 (7.51%) Electronic Trading
12 35 (5.59%) OO
13 32 (5.11%) Microservices
14 31 (4.95%) Algorithmic Trading
15 30 (4.79%) Regulatory Compliance
16 29 (4.63%) Risk Management
17 28 (4.47%) Target Operating Model
17 28 (4.47%) Test Scripting
18 27 (4.31%) Data Modelling
Programming Languages
1 90 (14.38%) Java
2 86 (13.74%) SQL
3 34 (5.43%) Shell Script
4 27 (4.31%) C++
5 18 (2.88%) JavaScript
6 14 (2.24%) C#
7 8 (1.28%) PL/SQL
7 8 (1.28%) Python
8 6 (0.96%) ES6
9 5 (0.80%) Scala
10 3 (0.48%) C
10 3 (0.48%) Perl
11 2 (0.32%) Tcl
11 2 (0.32%) VBA
12 1 (0.16%) Ruby
12 1 (0.16%) T-SQL
12 1 (0.16%) VC++
Qualifications
1 35 (5.59%) Degree
2 12 (1.92%) ISEB
2 12 (1.92%) PMP
3 11 (1.76%) PMI Certification
4 5 (0.80%) PRINCE2 Practitioner
5 2 (0.32%) ISTQB
5 2 (0.32%) PgMP
5 2 (0.32%) PRINCE2 Certification
6 1 (0.16%) CAPM
6 1 (0.16%) CISA
6 1 (0.16%) CISM
6 1 (0.16%) CISSP
6 1 (0.16%) IIBA
6 1 (0.16%) QiCA
6 1 (0.16%) Security Cleared
Quality Assurance & Compliance
1 140 (22.36%) EMIR
2 128 (20.45%) Dodd-Frank
3 22 (3.51%) FATCA
4 19 (3.04%) QA
5 11 (1.76%) Basel III
6 10 (1.60%) IFRS
6 10 (1.60%) IFRS 9
7 9 (1.44%) PMO
8 8 (1.28%) AIFMD
8 8 (1.28%) Solvency II
9 6 (0.96%) Data Quality
10 3 (0.48%) SEPA
11 2 (0.32%) CRD IV
11 2 (0.32%) SDET
11 2 (0.32%) SLA
12 1 (0.16%) GDPR
12 1 (0.16%) ISO20022
12 1 (0.16%) UCITS
System Software
1 20 (3.19%) Docker
2 7 (1.12%) HDFS
Systems Management
1 3 (0.48%) Kubernetes
2 1 (0.16%) HP Quality Center
Vendors
1 19 (3.04%) Oracle
1 19 (3.04%) Perforce
2 18 (2.88%) Bloomberg
3 14 (2.24%) ION Trading
3 14 (2.24%) Murex
4 12 (1.92%) Solace
5 11 (1.76%) Sybase
6 10 (1.60%) Cognizant
7 8 (1.28%) Fidessa
8 6 (0.96%) Microsoft
8 6 (0.96%) Reuters
9 4 (0.64%) Adobe
9 4 (0.64%) Charles River
9 4 (0.64%) TIBCO
10 2 (0.32%) FNZ
10 2 (0.32%) GoldenSource
10 2 (0.32%) Google
11 1 (0.16%) BT
11 1 (0.16%) CA
11 1 (0.16%) Serena
London
Pioneer Search
Rate: £600 - £650 per day
Posted: 5 hours ago
London
Harvey Nash plc
Rate: £450 - £500 per day +
Posted: 9 hours ago
City, London
Hays Finance Technology
Rate: £650.00 - £700.00 per day
Posted: Yesterday
City, London
Haysfm
Rate: £550.00 - £600.00 per day
Posted: 7 hours ago
City, London
Haysfm
Rate: £550.00 - £620.00 per day
Posted: 4 days ago
City, London
Pioneer Search
Rate: £575 - £625 per day
Posted: 15 hours ago
London
Harvey Nash plc
Rate: £500 - £580 per day +
Posted: 9 hours ago
London
Harvey Nash plc
Rate: £770 - £890 per day
Posted: Yesterday
City, London
Deerfoot IT Resources Ltd
Rate: £450 - £500 per day + 6 month term initailly
Posted: Yesterday
City, London
TEKsystems
Rate: £400 - £500 per day
Posted: 7 hours ago
London
Spargonet Consulting Plc
Rate: £400 - £450 per day
Posted: 2 days ago
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: Yesterday
City, London
Deerfoot IT Resources Ltd
Rate: £350 per day
Posted: Yesterday
London
TEKsystems
Rate: £600 - £650 per day
Posted: 4 days ago
London
TEKsystems
Rate: £500 - £550 per day
Posted: 6 days ago
City, London
Hatstand Limited
Rate: £500 - £700 per day
Posted: 4 days ago
City, London
Hatstand Limited
Rate: £500 - £750 per day
Posted: 2 days ago
City, London
Hatstand Limited
Rate: £500 - £700 per day
Posted: 6 days ago
London
Salt
Rate: £300 - £400 per day
Posted: 8 hours ago