The following table provides summary statistics for contract job vacancies 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 April 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)
UK
3 months to
25 Apr 2017
Same period 2016 Same period 2015
Rank 253 520 594
Rank change year-on-year +267 +74  
Contract jobs citing MiFID 427 133 54
As % of all contract IT jobs advertised in the UK 0.92% 0.24% 0.095%
As % of the Quality Assurance & Compliance category 8.03% 2.16% 0.83%
Number of daily rates quoted 335 93 38
Median daily rate £575 £575 £588
Median daily rate % change year-on-year - -2.12%  
90% offered a daily rate of more than £475 £326 £487
10% offered a daily rate of more than £700 £740 £700
UK excluding London median daily rate £450 £525 £400
% change year-on-year -14.28% +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 with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
UK
Contract job vacancies with a requirement for quality assurance and compliance skills 5319 6162 6538
As % of all contract IT job vacancies advertised in the UK 11.47% 11.03% 11.52%
Number of daily rates quoted 3471 3978 3979
Median daily rate £450 £420 £400
Median daily rate % change year-on-year +7.14% +5.00%  
90% offered a daily rate of more than £270 £250 £240
10% offered a daily rate of more than £600 £598 £600
UK excluding London median daily rate £400 £393 £375
% change year-on-year +1.91% +4.66%  
Number of hourly rates quoted 158 198 184
Median hourly rate £22.90 £25.50 £25.12
Median hourly rate % change year-on-year -10.19% +1.51%  
90% offered a hourly rate of more than £11.50 £12.50 £11.86
10% offered a hourly rate of more than £51.00 £53.00 £47.33
UK excluding London median hourly rate £25.00 £33.00 £29.00
% change year-on-year -24.24% +13.79%  

MiFID
Job Vacancy Trend

The job posting trend of jobs advertised 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 the UK

MiFID
Contractor Daily Rate Trend

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

Contractor daily rate trend for MiFID in the UK

MiFID
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing MiFID over the 3 months to 25 April 2017.

Contractor daily rate histogram for MiFID in the UK

MiFID
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for MiFID in the UK

MiFID
Top 22 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the UK over the 3 months to 25 April 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
England +246 415 £575 - 55
London +193 405 £600 +4.34% 54
City of London +94 128 £600 - 17
Scotland +39 12 £450 -14.28% 2
Edinburgh +21 7 £450 -14.28% 1
Canary Wharf +5 7 £550 -18.51%
Glasgow +5 5 £525 +61.53% 1
South East +29 4 £575 -
Surrey - 3 £575 -
South West - 3 £500 -
Wiltshire - 2 £475 -
North West - 2 £344 -
Docklands, London - 2 £550 -
Swindon - 2 £475 -
Liverpool - 2 £344 -
Merseyside - 2 £344 -
Berkshire - 1 £575 -
Cirencester - 1 £500 -
Staines - 1 £425 -
Gloucestershire - 1 £500 -
East of England - 1 £450 -
Essex - 1 £450 -

For the 6 months to 25 April 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 with a requirement for MiFID.

1 336 (46.86%) Finance
2 316 (44.07%) Banking
3 220 (30.68%) Front Office
4 153 (21.34%) Investment Banking
5 149 (20.78%) Business Analysis
6 139 (19.39%) EMIR
7 136 (18.97%) Stakeholder Management
8 132 (18.41%) Derivative
9 127 (17.71%) Agile Software Development
10 124 (17.29%) Dodd-Frank
11 112 (15.62%) Asset Management
12 109 (15.20%) Java
13 104 (14.50%) SQL
13 104 (14.50%) Equities
14 103 (14.37%) Project Management
15 97 (13.53%) Foreign Exchange (FX)
16 82 (11.44%) Investment Management
17 80 (11.16%) Fixed Income
17 80 (11.16%) Change Management
18 79 (11.02%) Unix
19 71 (9.90%) SDLC
20 58 (8.09%) Scrum
21 57 (7.95%) Wealth Management
22 56 (7.81%) GAP Analysis
23 52 (7.25%) Electronic Trading
24 48 (6.69%) Spring
25 47 (6.56%) XML
26 44 (6.14%) OO
26 44 (6.14%) Shell Script
26 44 (6.14%) Analytical Skills

MiFID
Co-occurring IT Skills 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 9 (1.26%) WebSphere
2 6 (0.84%) Apache Spark
3 5 (0.70%) WebLogic
4 4 (0.56%) Apache
4 4 (0.56%) Confluence
5 2 (0.28%) Elasticsearch
5 2 (0.28%) SharePoint
5 2 (0.28%) WebSphere Application Server
6 1 (0.14%) JBoss
6 1 (0.14%) MTS
6 1 (0.14%) Oracle SOA Suite
6 1 (0.14%) Tomcat
Applications
1 16 (2.23%) Microsoft Excel
1 16 (2.23%) Microsoft PowerPoint
2 9 (1.26%) Microsoft Office
3 6 (0.84%) MS Visio
4 5 (0.70%) Microsoft Project
5 1 (0.14%) Spreadsheet
Business Applications
1 9 (1.26%) ION MarketView
2 6 (0.84%) thinkFolio
3 5 (0.70%) Bloomberg TOMS
4 4 (0.56%) Murex MxG2000
5 2 (0.28%) Sonata
5 2 (0.28%) SunGard GMI
6 1 (0.14%) Bloomberg AIM
6 1 (0.14%) BondVision
6 1 (0.14%) BusinessWorks
6 1 (0.14%) CA PPM
6 1 (0.14%) Global One
6 1 (0.14%) IntelliMatch
6 1 (0.14%) LatentZero
6 1 (0.14%) Loan IQ
6 1 (0.14%) Markit EDM
6 1 (0.14%) RMDS
6 1 (0.14%) Sentinel
6 1 (0.14%) Temenos Globus
6 1 (0.14%) Temenos T24
Cloud Services
1 6 (0.84%) Amazon AWS
1 6 (0.84%) Microsoft Azure
Communications & Networking
1 5 (0.70%) TCP/IP
2 2 (0.28%) HTTP
2 2 (0.28%) Internet
2 2 (0.28%) Multicast
3 1 (0.14%) Extranet
3 1 (0.14%) FIX Connectivity
3 1 (0.14%) Network Security
3 1 (0.14%) PuTTY
Database & Business Intelligence
1 36 (5.02%) Relational Database
2 33 (4.60%) DB2
3 16 (2.23%) Big Data
4 11 (1.53%) KDB
4 11 (1.53%) SQL Server
5 10 (1.39%) Hadoop
6 9 (1.26%) MongoDB
7 7 (0.98%) Data Warehouse
8 6 (0.84%) Hazelcast
8 6 (0.84%) NoSQL
9 4 (0.56%) HBase
9 4 (0.56%) Kdb+
9 4 (0.56%) SQL Server 2008
9 4 (0.56%) SQL Server Reporting Services
10 3 (0.42%) Data Mining
10 3 (0.42%) RDBMS
10 3 (0.42%) SQL Server Integration Services
11 2 (0.28%) Apache Hive
11 2 (0.28%) MS Access
11 2 (0.28%) PostgreSQL
Development Applications
1 40 (5.58%) Git (software)
2 34 (4.74%) Maven
3 29 (4.04%) Ant
3 29 (4.04%) Jenkins
4 28 (3.91%) Gradle
5 26 (3.63%) Hudson
6 23 (3.21%) JUnit
7 20 (2.79%) Cucumber
8 19 (2.65%) Selenium
9 18 (2.51%) Concordion
9 18 (2.51%) JBehave
10 16 (2.23%) JIRA
11 9 (1.26%) Mockito
11 9 (1.26%) SpecFlow
12 8 (1.12%) FitNesse
12 8 (1.12%) Subversion
12 8 (1.12%) TeamCity
13 6 (0.84%) webpack
14 4 (0.56%) Visual Studio
15 2 (0.28%) EasyMock
General
1 336 (46.86%) Finance
2 316 (44.07%) Banking
3 220 (30.68%) Front Office
4 153 (21.34%) Investment Banking
5 40 (5.58%) Legal
6 37 (5.16%) Back Office
7 19 (2.65%) Private Banking
8 12 (1.67%) Advertising
8 12 (1.67%) Financial Institution
9 8 (1.12%) Retail
10 7 (0.98%) Prime Brokerage
11 4 (0.56%) French Language
11 4 (0.56%) Games
11 4 (0.56%) Retail Banking
12 3 (0.42%) Corporate Banking
12 3 (0.42%) Marketing
13 2 (0.28%) International Banking
13 2 (0.28%) Mandarin Language
13 2 (0.28%) Telecoms
13 2 (0.28%) Wholesale Banking
Job Titles
1 360 (50.21%) Analyst
2 354 (49.37%) Business Analyst
3 237 (33.05%) MiFID Business Analyst
4 129 (17.99%) Developer
5 107 (14.92%) Project Manager
6 76 (10.60%) Java Developer
7 56 (7.81%) Regulatory Business Analyst
8 52 (7.25%) MiFID Project Manager
9 46 (6.42%) Senior Analyst
10 41 (5.72%) Senior Business Analyst
11 33 (4.60%) Front Office Business Analyst
12 32 (4.46%) Banking Analyst
12 32 (4.46%) Investment Banking Business Analyst
12 32 (4.46%) IT Business Analyst
13 31 (4.32%) Business IT Analyst
13 31 (4.32%) IT Analyst
14 30 (4.18%) Senior Developer
15 29 (4.04%) Derivatives Business Analyst
16 26 (3.63%) Architect
17 23 (3.21%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 48 (6.69%) Spring
2 47 (6.56%) XML
3 34 (4.74%) FIX Protocol
4 29 (4.04%) JSON
5 28 (3.91%) SOAP
6 25 (3.49%) HTML
7 24 (3.35%) HTML5
8 20 (2.79%) Protocol Buffers
9 18 (2.51%) Middleware
10 17 (2.37%) FpML
11 14 (1.95%) .NET
12 13 (1.81%) Node.js
13 12 (1.67%) Boost C++ Libraries
13 12 (1.67%) JMS
13 12 (1.67%) STL
14 11 (1.53%) AngularJS
15 8 (1.12%) CSS
15 8 (1.12%) React
16 7 (0.98%) Hibernate
16 7 (0.98%) WebSockets
Miscellaneous
1 132 (18.41%) Derivative
2 104 (14.50%) Equities
3 97 (13.53%) Foreign Exchange (FX)
4 80 (11.16%) Fixed Income
5 44 (6.14%) Analytical Skills
6 38 (5.30%) Equity Derivative
7 35 (4.88%) Fintech
8 23 (3.21%) OTC Derivatives
9 20 (2.79%) Computer Science
10 18 (2.51%) Reference Data
11 15 (2.09%) Hedge funds
12 13 (1.81%) Algorithms
13 11 (1.53%) Credit Risk
13 11 (1.53%) Market Risk
13 11 (1.53%) N-Tier
14 8 (1.12%) Management Information System
14 8 (1.12%) PMI
15 7 (0.98%) Interest Rate Derivative
15 7 (0.98%) User Experience
16 6 (0.84%) Swaptions
Operating Systems
1 79 (11.02%) Unix
2 23 (3.21%) Linux
3 3 (0.42%) Solaris
3 3 (0.42%) Windows
4 1 (0.14%) Windows Server
Processes & Methodologies
1 149 (20.78%) Business Analysis
2 136 (18.97%) Stakeholder Management
3 127 (17.71%) Agile Software Development
4 112 (15.62%) Asset Management
5 103 (14.37%) Project Management
6 82 (11.44%) Investment Management
7 80 (11.16%) Change Management
8 71 (9.90%) SDLC
9 58 (8.09%) Scrum
10 57 (7.95%) Wealth Management
11 56 (7.81%) GAP Analysis
12 52 (7.25%) Electronic Trading
13 44 (6.14%) OO
14 33 (4.60%) Microservices
15 32 (4.46%) Data Modelling
15 32 (4.46%) Test Scripting
16 31 (4.32%) Algorithmic Trading
16 31 (4.32%) TDD
17 30 (4.18%) Target Operating Model
18 29 (4.04%) Data Analysis
Programming Languages
1 109 (15.20%) Java
2 104 (14.50%) SQL
3 44 (6.14%) Shell Script
4 25 (3.49%) C#
4 25 (3.49%) C++
5 21 (2.93%) JavaScript
6 18 (2.51%) Python
7 9 (1.26%) Scala
8 8 (1.12%) T-SQL
9 7 (0.98%) ES6
9 7 (0.98%) Perl
10 6 (0.84%) PL/SQL
11 3 (0.42%) Ruby
11 3 (0.42%) VBA
12 2 (0.28%) C
12 2 (0.28%) Tcl
13 1 (0.14%) VB
13 1 (0.14%) VB.NET
13 1 (0.14%) VBScript
13 1 (0.14%) VC++
Qualifications
1 39 (5.44%) Degree
2 16 (2.23%) PMI Certification
3 15 (2.09%) PMP
4 11 (1.53%) ISEB
5 6 (0.84%) PRINCE2 Practitioner
6 3 (0.42%) PgMP
7 2 (0.28%) ISTQB
7 2 (0.28%) PRINCE2 Certification
8 1 (0.14%) CAPM
8 1 (0.14%) CISA
8 1 (0.14%) CISM
8 1 (0.14%) CISSP
8 1 (0.14%) IIBA
8 1 (0.14%) QiCA
8 1 (0.14%) Security Cleared
Quality Assurance & Compliance
1 139 (19.39%) EMIR
2 124 (17.29%) Dodd-Frank
3 24 (3.35%) QA
4 20 (2.79%) FATCA
5 12 (1.67%) PMO
6 11 (1.53%) Basel III
7 10 (1.39%) IFRS
7 10 (1.39%) IFRS 9
7 10 (1.39%) Solvency II
8 8 (1.12%) Data Quality
9 6 (0.84%) AIFMD
10 3 (0.42%) GDPR
10 3 (0.42%) SEPA
11 2 (0.28%) CRD IV
11 2 (0.28%) SDET
11 2 (0.28%) SLA
12 1 (0.14%) ISO20022
System Software
1 19 (2.65%) Docker
2 8 (1.12%) HDFS
Systems Management
1 4 (0.56%) Kubernetes
2 1 (0.14%) HP Quality Center
Vendors
1 26 (3.63%) Perforce
2 19 (2.65%) Bloomberg
3 16 (2.23%) Oracle
4 15 (2.09%) ION Trading
4 15 (2.09%) Murex
5 13 (1.81%) Sybase
6 11 (1.53%) Fidessa
7 9 (1.26%) Microsoft
7 9 (1.26%) Solace
8 8 (1.12%) Charles River
8 8 (1.12%) Reuters
9 7 (0.98%) Cognizant
10 5 (0.70%) TIBCO
11 4 (0.56%) Adobe
12 2 (0.28%) Calypso
12 2 (0.28%) GoldenSource
12 2 (0.28%) Misys
12 2 (0.28%) Sophis
12 2 (0.28%) SunGard
12 2 (0.28%) Temenos
Edinburgh, Midlothian
Hydrogen Group
Rate: £340.00 - £400.00 per day
Posted: 14 hours ago
Glasgow, Lanarkshire
Empiric.com
Rate: From £375 to £400 per annum
Posted: 12 hours ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 5 days ago
London
Harvey Nash plc
Rate: £500 - £550 per day +
Posted: 3 days ago
London
Harvey Nash plc
Rate: £500 - £550 per day
Posted: 3 days ago
London
Hatstand Limited
Rate: £500 - £550 per day
Posted: 22 hours ago
London
Harvey Nash plc
Rate: £550 - £600 per day
Posted: 3 days ago
London
Harvey Nash plc
Rate: £575 - £625 per day +
Posted: 3 days ago
Central London / West End
Source Technology
Rate: From £600 to £700 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: Yesterday
City, London
Oliver James Associates
Rate: £450 - £700 per day
Posted: 6 days ago
City, London
Randstad Technologies
Rate: £500 - £600 per day
Posted: 3 days ago
City, London
Deerfoot IT Resources Ltd
Rate: £400 - £500 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: 4 days ago
City, London
William-Arthur & Associates
Rate: £500 per day
Posted: 4 days ago
City, London
Hatstand Limited
Rate: £500 - £750 per day
Posted: 3 days ago
London
Elevate Direct
Rate: From £600 to £675 per day
Posted: 5 days ago
London
Real Staffing
Rate: £500 - £700 per day
Posted: 6 days ago
London
Hatstand Limited
Rate: £500 - £550 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £400 - £500 per day
Posted: 4 days ago
London
Real Staffing
Rate: £500 - £600 per day
Posted: 6 days ago
City, London
Venturi
Rate: £375 - £450 per day
Posted: 6 days ago
City, London
Hays Finance Technology
Rate: £600.00 - £680.00 per day
Posted: 5 days ago
London
IBS Consulting
Rate: Negotiable
Posted: 14 days ago