Scope
Reference
C3275
Description
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.
Contract 1. Bloomberg Licenses
Supplier
Contract value
- 746040.00 USD excluding VAT
- 895248.00 USD including VAT
Above the relevant threshold
Award decision date
31 March 2025
Standstill period
- End: 23 May 2025
- 8 working days
Earliest date the contract will be signed
24 May 2025
Contract dates (estimated)
- 24 May 2025 to 14 May 2026
- 11 months, 22 days
Main procurement category
Services
CPV classifications
- 72222300 - Information technology services
- 72223000 - Information technology requirements review services
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
- UKM - Scotland
Procedure
Procedure type
Direct award
Supplier
BLOOMBERG LP
- Public Procurement Organisation Number: PHRT-2555-DXMY
731 Lexington Avenue New York
New York
10022-1331
United States
Email: mellings@bloomberg.net
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Bloomberg Licenses
Contracting authority
THE FINANCIAL CONDUCT AUTHORITY
- Companies House: 01920623
- Public Procurement Organisation Number: PTYH-4442-XPRH
12 Endeavour Square
London
E20 1JN
United Kingdom
Email: FCAProcurement@fca.org.uk
Region: UKI41 - Hackney and Newham
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)