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LSEG Market Data Research - Supplementary services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

01 Oct 2026 at 12:58

Award Notice
Summary of the contracting process

The Bank of England’s requirement is for supplementary LSEG market data services, classified as market research services. The agreement covers fixed costs for the infrastructure and communications lines needed to make LSEG services usable. The work supports the Bank’s use of LSEG data services rather than a broad market research programme. Delivery is associated with the Bank of England in London. The selected supplier is London Stock Exchange Group plc, the provider of the services covered by the agreement.

The procurement is complete and was awarded directly to London Stock Exchange Group plc. The award was made on 21 December 2023. The contract runs from 1 January 2024 to 31 December 2028, covering three years with an option to extend by a further two years. The awarded value for the full contractual term is £920,463.90. The submission deadline was 18 December 2023 at 17:00 UTC. The stated route was a direct award. No lots are described. Small and medium-sized enterprises and voluntary, community and social enterprises were marked as unsuitable. No evaluation criteria are recorded.

For suppliers competing when this requirement next comes to market, the award signals demand for specialist market data services supported by dependable infrastructure and communications lines. The commercial scope is the fixed cost of keeping those connections in place so that LSEG services can be used; credibility therefore depends on being able to provide or support the relevant market data service and its connectivity. The incumbent is London Stock Exchange Group plc, indicating that a provider with direct capability in LSEG services is well placed for this particular requirement. The route used was a direct award, and the procurement was explicitly marked unsuitable for SMEs and VCSEs. Suppliers should be prepared to support a substantial, multi-year service arrangement for the Bank of England.

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Notice Information

Notice Title

LSEG Market Data Research - Supplementary services

Notice Description

The LSEG Agreement contract covers fixed costs for infrastructure/comms lines which are critical for LSEG services to be usable. 3 years + 2 This notice reflects the full contractual term of 3 years with the option to extend by a further 2 years, as set out in the original agreement. A notice has not previously been published at the time of contract commencement in 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d1900731-9460-48ce-b870-93bf53e7368f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f5d315a2-bc6c-4f8f-b77e-57d15b626a00
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 - Direct Award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79310000 - Market research services

Notice Value(s)

Tender Value
£920,463 £500K-£1M
Lots Value
Not specified
Awards Value
£920,463 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Oct 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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
Postcode Area
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

LONDON STOCK EXCHANGE GROUP PLC

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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