Award

LSEG Market Data Research

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Apr 2026 at 07:14

Summary of the contracting process

The Bank of England has completed the procurement process for the "LSEG Market Data Research" contract, valued at £6,488,424 GBP. This contract, within the IT services category, specifically focuses on the provision of market data and associated research services, key for the UK financial market. Located in London, England, this procurement falls under the 'award' stage. The contract, awarded without prior publication of a call for competition, commenced on the 1st of January 2024 and is set to conclude by the 31st of December 2026. The active award was made on the 21st of December 2023, with further public disclosure on the 13th of April 2026.

This procurement presents significant opportunities for businesses specialising in IT services, particularly those experienced in market data provision, financial analytics, and related platforms. Large enterprises, like the awarded supplier Refinitiv Limited, are well-suited for such procurements given their capacity to provide comprehensive, high-stakes solutions over an extended period. The contract aims at delivering innovative market research and data services, offering a profitable venture for companies capable of meeting the complex demands of the Bank of England. This highlights the potential for strategic growth in IT service offerings within the financial industry.

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How relevant is this notice?

Notice Title

LSEG Market Data Research

Notice Description

The contract relates to the provision of market data, information and research, a trading platform and other associated products and services, such as Market News, financial security data, analytics, and historical data. The contract is for a minimum term of 3 years for which the value is given. Any renewal beyond that point will be treated as a new or amended award

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d779274-0ec5-4c82-80f7-3bb65f2631dc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/636fac34-52d1-4449-a58f-a5955d572f1d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Award of a contract without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£6,488,424 £1M-£10M
Lots Value
Not specified
Awards Value
£6,488,424 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Apr 20261 weeks ago
Submission Deadline
18 Dec 2023Expired
Future Notice Date
Not specified
Award Date
21 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

REFINITIV

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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