Buyer Name: THE FINANCIAL CONDUCT AUTHORITY
Buyer Address: 12 Endeavour Square, London, UKI41, E20 1JN, United Kingdom
Contact Email: FCAProcurement@fca.org.uk
Bloomberg Renewal 2025
Buyer Contact Info
Status
complete
complete
Procedure
direct
direct
Value
746040.0 USD
746040.0 USD
Published
14 May 2025, 14:48
14 May 2025, 14:48
Deadline
n/a
n/a
Contract Start
23 May 2025, 23:00
23 May 2025, 23:00
Contract End
14 May 2026, 22:59
14 May 2026, 22:59
Category
n/a
n/a
CPV
72222300 - Information technology services
72222300 - Information technology services
Region
n/a
n/a
Awarded To
BLOOMBERG LP
BLOOMBERG LP
Official Source
Open Find a Tender
Open Find a Tender
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.
Linked Documents
No linked documents found for this notice.
Opportunity Context
Lots
Lot 1 Status: complete
Awards
Award Title: Bloomberg Licenses
Raw Notice JSON
Expand raw payload
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