Scope
Reference
C3275
Description
Renewal of Bloomberg terminals/Licenses for one (1) year.
Contract 1. Bloomberg Licenses
Suppliers
Supplier not yet selected
Contract value
- 746040.00 USD excluding VAT
- 895248.00 USD including VAT
Above the relevant threshold
Earliest date the contract will be signed
12 May 2025
Contract dates (estimated)
- 15 May 2025 to 14 May 2026
- 1 year
Main procurement category
Services
CPV classifications
- 72222300 - Information technology services
- 72223000 - Information technology requirements review services
Contract locations
- UKI - London
- UKE42 - Leeds
- UKM - Scotland
Other information
Description of risks to contract performance
They FCA required daily access to market data. Some of the risks in this requirement is not in place: • It would limit the FCA's ability to bring successful criminal and regulatory action. • FCA may not effectively review alerts from our surveillance system, with a risk to our commitment to clean markets. The FCA could not monitor for orderly markets. • The data and insight that Bloomberg can provide is key for departments to be able to deliver on its market monitoring objective. There is no viable alternative product. • Major policy would go without empirical support, in short evidence-based policy making would be severely impacted. • Retaining Bloomberg license is critical for the FCA to complete our statutory objective of 1/ promoting competition and 2/ consumer protection. We are increasingly encouraged to rely on more existing data within the FCA and enhance those with publicly available data. Bloomberg licences is critical to enhance regulatory returns and allow us to perform our function of financial analysis. • Internal departments would impact the ability to conduct real-time surveillance of the UK market. • Monitoring key funds and relevant investments, market trends and volatility and cross-referencing company information (to test its veracity) in various complex Supervisory efforts would become difficult.
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Single supplier - intellectual property or exclusive rights
Only Bloomberg can provide the licenses required.
Contracting authority
FCA
- Public Procurement Organisation Number: PTYH-4442-XPRH
12 Endeavour Square
London
E20 1JN
United Kingdom
Email: fcaprocurement@fca.org.uk
Website: http://www.fca.org.uk
Region: UKI41 - Hackney and Newham
Organisation type: Public authority - central government