Period
to 18 October 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 18 October 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
18 Oct 2018
Same period 2017 Same period 2016
Rank 485 144 333
Rank change year-on-year -341 +189 +48
Contract jobs citing MiFID 145 860 309
As % of all contract IT jobs advertised in London 0.31% 1.91% 0.69%
As % of the Quality Assurance & Compliance category 2.99% 15.15% 6.18%
Number of daily rates quoted 109 637 213
London median daily rate £600 £575 £588
Median daily rate % change year-on-year +4.35% -2.13% -2.08%
10th Percentile £450 £413 £413
90th Percentile £753 £738 £725
England median daily rate £600 £575 £575
% change year-on-year +4.35% - -4.17%
Number of hourly rates quoted 0 1 0
London median hourly rate - £25.50 -
England median hourly rate - £25.50 -

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 4,852 5,675 5,001
As % of all contract IT jobs advertised in London 10.52% 12.61% 11.18%
Number of daily rates quoted 3,436 4,095 3,521
London median daily rate £475 £480 £450
Median daily rate % change year-on-year -1.04% +6.67% -
10th Percentile £278 £306 £265
90th Percentile £650 £675 £638
England median daily rate £450 £450 £425
% change year-on-year - +5.88% +3.03%
Number of hourly rates quoted 73 64 66
London median hourly rate £25.00 £20.00 £17.78
Median hourly rate % change year-on-year +25.00% +12.49% -11.10%
10th Percentile £11.05 £12.15 £12.38
90th Percentile £57.50 £47.35 £58.04
England median hourly rate £22.10 £20.00 £22.50
% change year-on-year +10.49% -11.11% +4.41%

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 18 October 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 18 October 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 -163 28 £575 +2.68% 9
South London -26 4 £550 -8.33%
MiFID
England

For the 6 months to 18 October 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 79 (54.48%) Banking
2 56 (38.62%) Finance
3 54 (37.24%) EMIR
4 46 (31.72%) Agile Software Development
5 36 (24.83%) SQL
6 34 (23.45%) Investment Banking
7 30 (20.69%) Dodd-Frank
8 27 (18.62%) Equities
9 26 (17.93%) Front Office
10 24 (16.55%) Foreign Exchange (FX)
11 23 (15.86%) Linux
12 22 (15.17%) Business Analysis
13 21 (14.48%) Stakeholder Management
14 19 (13.10%) JIRA
15 18 (12.41%) QA
15 18 (12.41%) .NET
16 17 (11.72%) Fixed Income
17 16 (11.03%) Oracle
17 16 (11.03%) Derivative
17 16 (11.03%) Analytical Skills
18 15 (10.34%) Asset Management
18 15 (10.34%) Microsoft
19 13 (8.97%) Apache
19 13 (8.97%) Scrum
19 13 (8.97%) Continuous Integration
19 13 (8.97%) Elasticsearch
19 13 (8.97%) GDPR
20 12 (8.28%) Data Mapping
20 12 (8.28%) FIX Protocol
20 12 (8.28%) Python

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 13 (8.97%) Apache
1 13 (8.97%) Elasticsearch
2 10 (6.90%) Confluence
3 8 (5.52%) WordPress
4 5 (3.45%) Apache Spark
5 1 (0.69%) CMS
5 1 (0.69%) Office Communications Server
5 1 (0.69%) Skype for Business
Applications
1 9 (6.21%) Microsoft Excel
2 3 (2.07%) Microsoft PowerPoint
2 3 (2.07%) Microsoft Project
2 3 (2.07%) MS Visio
3 2 (1.38%) Microsoft Office
Business Applications
1 2 (1.38%) Orchestrade
2 1 (0.69%) IntelliMatch
2 1 (0.69%) Kondor
2 1 (0.69%) Markit EDM
2 1 (0.69%) RMDS
2 1 (0.69%) Summit
2 1 (0.69%) Temenos T24
Cloud Services
1 3 (2.07%) Office 365
Communications & Networking
1 5 (3.45%) Skype
2 1 (0.69%) DSL
2 1 (0.69%) FIX Connectivity
2 1 (0.69%) PSTN
Database & Business Intelligence
1 11 (7.59%) SQL Server
1 11 (7.59%) SQL Server Integration Services
1 11 (7.59%) SQL Server Reporting Services
2 10 (6.90%) Data Warehouse
3 8 (5.52%) PostgreSQL
4 6 (4.14%) NoSQL
4 6 (4.14%) Oracle Database
4 6 (4.14%) Oracle Database 11g
5 5 (3.45%) Big Data
5 5 (3.45%) Relational Database
6 4 (2.76%) Crystal Reports
7 2 (1.38%) DB2
7 2 (1.38%) MS Access
7 2 (1.38%) OLAP
8 1 (0.69%) Apache Cassandra
8 1 (0.69%) Apache Hive
8 1 (0.69%) Hadoop
8 1 (0.69%) HBase
8 1 (0.69%) SQL Server 2008
8 1 (0.69%) SQL Server 2012
Development Applications
1 19 (13.10%) JIRA
2 9 (6.21%) Jenkins
3 8 (5.52%) Git (software)
3 8 (5.52%) gulp
3 8 (5.52%) PhpStorm
3 8 (5.52%) Sonatype Nexus
4 5 (3.45%) Cucumber
5 4 (2.76%) JBehave
6 3 (2.07%) Concordion
6 3 (2.07%) Selenium
7 2 (1.38%) Atlassian Bamboo
8 1 (0.69%) CppUnit
8 1 (0.69%) ER Studio
8 1 (0.69%) JIRA Agile
8 1 (0.69%) JUnit
8 1 (0.69%) SoapUI
8 1 (0.69%) TestNG
8 1 (0.69%) Visual Studio
8 1 (0.69%) WebDriver
General
1 79 (54.48%) Banking
2 56 (38.62%) Finance
3 34 (23.45%) Investment Banking
4 26 (17.93%) Front Office
5 10 (6.90%) Back Office
6 7 (4.83%) Legal
7 6 (4.14%) Financial Institution
8 5 (3.45%) Retail
9 4 (2.76%) Private Banking
10 1 (0.69%) Advertising
10 1 (0.69%) General Ledger
Job Titles
1 63 (43.45%) Analyst
2 55 (37.93%) Business Analyst
3 37 (25.52%) Developer
4 25 (17.24%) Project Manager
5 13 (8.97%) MiFID Business Analyst
6 8 (5.52%) Banking Analyst
6 8 (5.52%) Business IT Analyst
6 8 (5.52%) IT Analyst
6 8 (5.52%) IT Business Analyst
6 8 (5.52%) Project Analyst
6 8 (5.52%) SQL Developer
7 7 (4.83%) Front End Developer (Client-Side Developer)
7 7 (4.83%) Front End Web Developer (Client-Side Developer)
7 7 (4.83%) Report Analyst
7 7 (4.83%) Web Developer
8 6 (4.14%) Banking Business Analyst
8 6 (4.14%) Business Project Manager
8 6 (4.14%) Database Developer
8 6 (4.14%) Oracle Database Developer
8 6 (4.14%) SQL Database Developer
Libraries, Frameworks & Software Standards
1 18 (12.41%) .NET
2 12 (8.28%) FIX Protocol
3 8 (5.52%) CSS
3 8 (5.52%) jQuery
3 8 (5.52%) Kendo UI
3 8 (5.52%) LAPP Stack
3 8 (5.52%) Twitter Bootstrap
4 6 (4.14%) AngularJS
4 6 (4.14%) FpML
5 4 (2.76%) React
6 3 (2.07%) XML
7 1 (0.69%) JSON
7 1 (0.69%) Task Parallel Library
7 1 (0.69%) WCF
7 1 (0.69%) WPF
Miscellaneous
1 27 (18.62%) Equities
2 24 (16.55%) Foreign Exchange (FX)
3 17 (11.72%) Fixed Income
4 16 (11.03%) Analytical Skills
4 16 (11.03%) Derivative
5 7 (4.83%) OTC Derivatives
6 5 (3.45%) Grid Computing
7 3 (2.07%) Equity Derivative
7 3 (2.07%) Fintech
8 2 (1.38%) Algorithms
8 2 (1.38%) Computer Science
8 2 (1.38%) Greenfield Project
8 2 (1.38%) Reference Data
8 2 (1.38%) Self-Motivation
9 1 (0.69%) ASIC
9 1 (0.69%) Market Risk
9 1 (0.69%) Minimum Viable Product
9 1 (0.69%) Robotics
9 1 (0.69%) Taxonomies
9 1 (0.69%) VWAP
Operating Systems
1 23 (15.86%) Linux
2 10 (6.90%) Unix
2 10 (6.90%) Windows
3 1 (0.69%) Windows Server
Processes & Methodologies
1 46 (31.72%) Agile Software Development
2 22 (15.17%) Business Analysis
3 21 (14.48%) Stakeholder Management
4 15 (10.34%) Asset Management
5 13 (8.97%) Continuous Integration
5 13 (8.97%) Scrum
6 12 (8.28%) Business Intelligence
6 12 (8.28%) Data Mapping
7 11 (7.59%) Data Analysis
7 11 (7.59%) Investment Management
7 11 (7.59%) Project Management
7 11 (7.59%) TDD
7 11 (7.59%) Wealth Management
8 10 (6.90%) Risk Management
9 9 (6.21%) BDD
9 9 (6.21%) Change Management
9 9 (6.21%) User Acceptance Testing
10 8 (5.52%) Electronic Trading
10 8 (5.52%) Low Latency
10 8 (5.52%) Web Development
Programming Languages
1 36 (24.83%) SQL
2 12 (8.28%) C#
2 12 (8.28%) Python
3 11 (7.59%) T-SQL
4 10 (6.90%) VB.NET
5 8 (5.52%) JavaScript
5 8 (5.52%) PHP
6 7 (4.83%) Scala
7 6 (4.14%) PL/SQL
8 5 (3.45%) Java
9 3 (2.07%) Bash Shell
9 3 (2.07%) C
9 3 (2.07%) C++
9 3 (2.07%) Perl
9 3 (2.07%) VBA
10 2 (1.38%) Korn
10 2 (1.38%) PowerShell
Qualifications
1 6 (4.14%) Degree
2 4 (2.76%) ISEB
3 1 (0.69%) (ISC)2 CCSP
3 1 (0.69%) CISA
3 1 (0.69%) Cisco Certification
3 1 (0.69%) CISSP
3 1 (0.69%) CompTIA Security+
3 1 (0.69%) Master's Degree
3 1 (0.69%) PMP
3 1 (0.69%) Six Sigma Black Belt
3 1 (0.69%) Six Sigma Green Belt
Quality Assurance & Compliance
1 54 (37.24%) EMIR
2 30 (20.69%) Dodd-Frank
3 18 (12.41%) QA
4 13 (8.97%) GDPR
5 6 (4.14%) AIFMD
6 3 (2.07%) Solvency II
7 1 (0.69%) FATCA
System Software
1 8 (5.52%) Docker
2 1 (0.69%) Active Directory
2 1 (0.69%) HDFS
Systems Management
1 10 (6.90%) Ansible
2 2 (1.38%) ITRS Geneos
Vendors
1 16 (11.03%) Oracle
2 15 (10.34%) Microsoft
3 6 (4.14%) RedGate
4 5 (3.45%) Tableau
5 4 (2.76%) Avaya
5 4 (2.76%) BT
5 4 (2.76%) Murex
5 4 (2.76%) Red Box
5 4 (2.76%) Speakerbus
5 4 (2.76%) Verint
6 2 (1.38%) ION Trading
7 1 (0.69%) Avaloq
7 1 (0.69%) Fidessa
7 1 (0.69%) GoldenSource
7 1 (0.69%) IBM
7 1 (0.69%) Reuters
7 1 (0.69%) Temenos
7 1 (0.69%) Vermilion