MiFID Contracts in London

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 25 June 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
Location	3 months to 25 Jun 2017	Same period 2016	Same period 2015
Rank	122	305	357
Rank change year-on-year	+183	+52
Contract jobs citing MiFID	433	120	78
As % of all contract IT jobs advertised in London	2.12%	0.56%	0.33%
As % of the Quality Assurance & Compliance category	18.00%	5.12%	2.93%
Number of daily rates quoted	309	86	63
Median daily rate	£575	£506	£638
Median daily rate % change year-on-year	+13.58%	-20.58%
90% offered a daily rate of more than	£450	£328	£550
10% offered a daily rate of more than	£700	£663	£795
UK excluding London median daily rate	£450	£506	£550
% change year-on-year	-11.11%	-7.95%
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	2406	2344	2663
As % of all contract IT job vacancies advertised in London	11.76%	10.96%	11.37%
Number of daily rates quoted	1705	1669	1930
Median daily rate	£500	£475	£450
Median daily rate % change year-on-year	+5.26%	+5.55%
90% offered a daily rate of more than	£320	£290	£275
10% offered a daily rate of more than	£650	£625	£638
UK excluding London median daily rate	£400	£380	£375
% change year-on-year	+5.26%	+1.33%
Number of hourly rates quoted	25	24	30
Median hourly rate	£42.50	£22.50	£21.50
Median hourly rate % change year-on-year	+88.88%	+4.65%
90% offered a hourly rate of more than	£14.75	£13.30	£15.20
10% offered a hourly rate of more than	£50.00	£42.70	£101.00
UK excluding London median hourly rate	£25.00	£28.00	£24.75
% change year-on-year	-10.71%	+13.13%

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.

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 25 June 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 25 June 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	+87	123	£600	+4.34%	21
Docklands, London	-	2	£725	-
Canary Wharf	-	2	£606	-
Moorgate	-	1	£500	-
MiFID England

MiFID
Top 30 Co-occurring IT Skills in London

For the 6 months to 25 June 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	384 (47.17%)	Banking
2	366 (44.96%)	Finance
3	267 (32.80%)	Front Office
4	197 (24.20%)	Investment Banking
5	165 (20.27%)	Business Analysis
6	163 (20.02%)	Agile Software Development
7	159 (19.53%)	EMIR
8	143 (17.57%)	Derivative
9	134 (16.46%)	Java
10	131 (16.09%)	Dodd-Frank
11	127 (15.60%)	Stakeholder Management
12	123 (15.11%)	SQL
13	117 (14.37%)	Asset Management
14	116 (14.25%)	Equities
15	115 (14.13%)	Foreign Exchange (FX)

16	111 (13.64%)	Fixed Income
17	98 (12.04%)	Investment Management
18	96 (11.79%)	Project Management
19	81 (9.95%)	Unix
20	76 (9.34%)	SDLC
21	75 (9.21%)	Electronic Trading
22	68 (8.35%)	Scrum
22	68 (8.35%)	Change Management
23	58 (7.13%)	Wealth Management
24	57 (7.00%)	Test Automation
24	57 (7.00%)	Fintech
25	55 (6.76%)	Spring
26	52 (6.39%)	XML
26	52 (6.39%)	OO
27	51 (6.27%)	Degree

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
Applications
Business Applications
Cloud Services
Communications & Networking
Database & Business Intelligence
Development Applications
General
Job Titles
Libraries, Frameworks & Software Standards
Miscellaneous
Operating Systems
Processes & Methodologies
Programming Languages
Qualifications
Quality Assurance & Compliance
System Software
Systems Management
Vendors

Application Platforms
1	13 (1.60%)	Apache Spark
2	11 (1.35%)	WebSphere
3	7 (0.86%)	Tomcat
4	6 (0.74%)	WebLogic
5	5 (0.61%)	Apache
6	4 (0.49%)	Confluence
7	3 (0.37%)	SharePoint
8	2 (0.25%)	Elasticsearch
8	2 (0.25%)	WebSphere Application Server
9	1 (0.12%)	IIS
9	1 (0.12%)	JBoss
9	1 (0.12%)	MTS

Applications
1	22 (2.70%)	Microsoft Excel
2	21 (2.58%)	Microsoft PowerPoint
3	13 (1.60%)	MS Visio
4	10 (1.23%)	Microsoft Office
5	8 (0.98%)	Microsoft Project
6	2 (0.25%)	Spreadsheet

Business Applications
1	10 (1.23%)	ION MarketView
2	8 (0.98%)	Markit EDM
3	6 (0.74%)	thinkFolio
4	5 (0.61%)	Bloomberg TOMS
5	4 (0.49%)	IntelliMatch
5	4 (0.49%)	Murex MxG2000
6	3 (0.37%)	Endur
6	3 (0.37%)	Sentinel
6	3 (0.37%)	SunGard GMI
7	1 (0.12%)	BondVision
7	1 (0.12%)	BusinessWorks
7	1 (0.12%)	CA PPM
7	1 (0.12%)	Eagle PACE
7	1 (0.12%)	Global One
7	1 (0.12%)	LatentZero
7	1 (0.12%)	Loan IQ
7	1 (0.12%)	RMDS
7	1 (0.12%)	Summit
7	1 (0.12%)	Temenos Globus
7	1 (0.12%)	Temenos T24

Cloud Services
1	2 (0.25%)	Amazon AWS
1	2 (0.25%)	Microsoft Azure
2	1 (0.12%)	Google Cloud Platform
2	1 (0.12%)	SaaS

Communications & Networking
1	10 (1.23%)	TCP/IP
2	4 (0.49%)	Internet
3	3 (0.37%)	FIX Connectivity
4	2 (0.25%)	HTTP
5	1 (0.12%)	Extranet
5	1 (0.12%)	Firewall
5	1 (0.12%)	LAN
5	1 (0.12%)	Multicast
5	1 (0.12%)	PuTTY
5	1 (0.12%)	VLAN

Database & Business Intelligence
1	34 (4.18%)	Relational Database
2	31 (3.81%)	DB2
3	22 (2.70%)	Big Data
4	20 (2.46%)	Hadoop
5	18 (2.21%)	SQL Server
6	16 (1.97%)	KDB
7	10 (1.23%)	MongoDB
8	9 (1.11%)	Data Warehouse
9	8 (0.98%)	HBase
10	7 (0.86%)	Kdb+
10	7 (0.86%)	NoSQL
10	7 (0.86%)	Oracle Database
11	6 (0.74%)	Hazelcast
11	6 (0.74%)	MariaDB
12	5 (0.61%)	Data Lake
12	5 (0.61%)	SQL Server Reporting Services
13	4 (0.49%)	SQL Server Integration Services
14	3 (0.37%)	Apache Cassandra
14	3 (0.37%)	Data Mining
14	3 (0.37%)	RDBMS

Development Applications
1	37 (4.55%)	Git (software)
2	28 (3.44%)	Maven
3	24 (2.95%)	Jenkins
3	24 (2.95%)	JUnit
4	22 (2.70%)	Ant
5	21 (2.58%)	Gradle
6	19 (2.33%)	Hudson
6	19 (2.33%)	Selenium
7	16 (1.97%)	Cucumber
7	16 (1.97%)	JIRA
8	13 (1.60%)	Concordion
8	13 (1.60%)	JBehave
9	11 (1.35%)	TeamCity
10	9 (1.11%)	SpecFlow
11	8 (0.98%)	Mockito
11	8 (0.98%)	Subversion
11	8 (0.98%)	webpack
12	4 (0.49%)	FitNesse
12	4 (0.49%)	Visual Studio
13	2 (0.25%)	NUnit

General
1	384 (47.17%)	Banking
2	366 (44.96%)	Finance
3	267 (32.80%)	Front Office
4	197 (24.20%)	Investment Banking
5	43 (5.28%)	Legal
6	38 (4.67%)	Back Office
7	27 (3.32%)	Private Banking
8	23 (2.83%)	Financial Institution
9	9 (1.11%)	Retail
10	8 (0.98%)	Advertising
11	7 (0.86%)	Corporate Banking
12	6 (0.74%)	Prime Brokerage
13	5 (0.61%)	Retail Banking
14	4 (0.49%)	French Language
14	4 (0.49%)	Games
15	3 (0.37%)	Marketing
15	3 (0.37%)	Wholesale Banking
16	2 (0.25%)	International Banking
16	2 (0.25%)	Mandarin Language
17	1 (0.12%)	Dutch Language

Job Titles
1	382 (46.93%)	Analyst
2	361 (44.35%)	Business Analyst
3	225 (27.64%)	MiFID Business Analyst
4	179 (21.99%)	Developer
5	113 (13.88%)	Project Manager
6	93 (11.43%)	Java Developer
7	55 (6.76%)	MiFID Project Manager
8	46 (5.65%)	Regulatory Business Analyst
9	41 (5.04%)	Senior Analyst
10	38 (4.67%)	Banking Analyst
11	36 (4.42%)	Senior Developer
12	35 (4.30%)	Senior Business Analyst
13	32 (3.93%)	Business IT Analyst
13	32 (3.93%)	IT Analyst
14	30 (3.69%)	Front Office Business Analyst
14	30 (3.69%)	IT Business Analyst
15	29 (3.56%)	Investment Banking Business Analyst
16	28 (3.44%)	Architect
17	25 (3.07%)	Derivatives Business Analyst
18	24 (2.95%)	Senior Java Developer

Libraries, Frameworks & Software Standards
1	55 (6.76%)	Spring
2	52 (6.39%)	XML
3	49 (6.02%)	FIX Protocol
4	33 (4.05%)	HTML
5	32 (3.93%)	FpML
5	32 (3.93%)	HTML5
6	27 (3.32%)	.NET
6	27 (3.32%)	JSON
7	24 (2.95%)	Middleware
8	22 (2.70%)	SOAP
9	17 (2.09%)	Protocol Buffers
10	16 (1.97%)	Hibernate
11	15 (1.84%)	Node.js
12	14 (1.72%)	JMS
13	13 (1.60%)	AngularJS
14	10 (1.23%)	React
15	9 (1.11%)	Kafka
15	9 (1.11%)	WebSockets
16	8 (0.98%)	Boost C++ Libraries
16	8 (0.98%)	STL

Miscellaneous
1	143 (17.57%)	Derivative
2	116 (14.25%)	Equities
3	115 (14.13%)	Foreign Exchange (FX)
4	111 (13.64%)	Fixed Income
5	57 (7.00%)	Fintech
6	43 (5.28%)	Analytical Skills
7	36 (4.42%)	OTC Derivatives
8	30 (3.69%)	Equity Derivative
9	29 (3.56%)	Reference Data
10	24 (2.95%)	Computer Science
11	21 (2.58%)	Hedge funds
12	13 (1.60%)	PMI
13	12 (1.47%)	Management Information System
13	12 (1.47%)	N-Tier
14	11 (1.35%)	Greenfield Project
14	11 (1.35%)	User Experience
15	10 (1.23%)	Market Risk
16	9 (1.11%)	Algorithms
17	7 (0.86%)	Interest Rate Derivative
18	6 (0.74%)	Swaptions

Operating Systems
1	81 (9.95%)	Unix
2	32 (3.93%)	Linux
3	12 (1.47%)	Windows
4	2 (0.25%)	Solaris
4	2 (0.25%)	Windows Server
5	1 (0.12%)	Windows 7
5	1 (0.12%)	Windows Server 2008
5	1 (0.12%)	Windows Server 2012

Processes & Methodologies
1	165 (20.27%)	Business Analysis
2	163 (20.02%)	Agile Software Development
3	127 (15.60%)	Stakeholder Management
4	117 (14.37%)	Asset Management
5	98 (12.04%)	Investment Management
6	96 (11.79%)	Project Management
7	76 (9.34%)	SDLC
8	75 (9.21%)	Electronic Trading
9	68 (8.35%)	Change Management
9	68 (8.35%)	Scrum
10	58 (7.13%)	Wealth Management
11	57 (7.00%)	Test Automation
12	52 (6.39%)	OO
13	46 (5.65%)	Risk Management
14	40 (4.91%)	Data Analysis
15	39 (4.79%)	Data Modelling
16	37 (4.55%)	GAP Analysis
16	37 (4.55%)	TDD
17	36 (4.42%)	User Acceptance Testing
18	35 (4.30%)	Data Management

Programming Languages
1	134 (16.46%)	Java
2	123 (15.11%)	SQL
3	39 (4.79%)	Shell Script
4	37 (4.55%)	C#
5	35 (4.30%)	Python
6	30 (3.69%)	C++
7	28 (3.44%)	JavaScript
8	16 (1.97%)	Scala
9	14 (1.72%)	Perl
10	12 (1.47%)	ES6
11	8 (0.98%)	T-SQL
12	6 (0.74%)	PL/SQL
13	4 (0.49%)	Ruby
14	3 (0.37%)	C
14	3 (0.37%)	TypeScript
15	2 (0.25%)	Tcl
15	2 (0.25%)	VB
15	2 (0.25%)	VBA
16	1 (0.12%)	Bash Shell
16	1 (0.12%)	VC++

Qualifications
1	51 (6.27%)	Degree
2	24 (2.95%)	PMI Certification
3	22 (2.70%)	Computer Science Degree
4	21 (2.58%)	PMP
5	11 (1.35%)	ISEB
6	10 (1.23%)	Master's Degree
7	5 (0.61%)	PRINCE2 Practitioner
8	4 (0.49%)	Numerate Degree
9	3 (0.37%)	PRINCE2 Certification
10	2 (0.25%)	PgMP
11	1 (0.12%)	CAPM
11	1 (0.12%)	IIBA
11	1 (0.12%)	ISTQB
11	1 (0.12%)	Security Cleared

Quality Assurance & Compliance
1	159 (19.53%)	EMIR
2	131 (16.09%)	Dodd-Frank
3	43 (5.28%)	QA
4	16 (1.97%)	Data Quality
4	16 (1.97%)	FATCA
5	10 (1.23%)	Solvency II
6	9 (1.11%)	PMO
7	5 (0.61%)	AIFMD
7	5 (0.61%)	IFRS
7	5 (0.61%)	IFRS 9
8	4 (0.49%)	GDPR
9	3 (0.37%)	SEPA
10	2 (0.25%)	SLA
11	1 (0.12%)	CRD IV
11	1 (0.12%)	ISO 20022
11	1 (0.12%)	Sarbanes-Oxley
11	1 (0.12%)	UCITS

System Software
1	13 (1.60%)	Docker
2	8 (0.98%)	HDFS
3	2 (0.25%)	Virtual Machines
4	1 (0.12%)	Active Directory

Systems Management
1	3 (0.37%)	Kubernetes
2	2 (0.25%)	Control-M
3	1 (0.12%)	HP Quality Center
3	1 (0.12%)	Puppet

Vendors
1	28 (3.44%)	Oracle
2	23 (2.83%)	Bloomberg
3	20 (2.46%)	Sybase
4	19 (2.33%)	Perforce
5	18 (2.21%)	Murex
6	16 (1.97%)	ION Trading
7	14 (1.72%)	Fidessa
7	14 (1.72%)	Reuters
8	12 (1.47%)	Microsoft
9	11 (1.35%)	Charles River
9	11 (1.35%)	Solace
10	6 (0.74%)	Cognizant
10	6 (0.74%)	Google
10	6 (0.74%)	TIBCO
11	4 (0.49%)	Adobe
11	4 (0.49%)	FXall
12	3 (0.37%)	GoldenSource
12	3 (0.37%)	Informatica
12	3 (0.37%)	SunGard
12	3 (0.37%)	Tradeweb