Tender

Provision of a Market Surveillance Solution

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Tender

04 Oct 2021 at 10:25

Tender Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) is conducting a tender for the "Provision of a Market Surveillance Solution", aimed at updating its Market Surveillance capability. This procurement falls under the software package and information systems category and is valued at £3.5 million. The tender is currently in the active stage with a closing date set for 1st November 2021. The contract is anticipated to commence on 28th April 2022 and will last until 27th April 2029, serving locations including the United Kingdom and other territories.

This tender presents a significant opportunity for businesses specialising in software development, particularly those experienced in big data solutions and software as a service (SaaS). Companies that can enhance market surveillance capabilities and offer scalable solutions will find this contract advantageous. Small and medium-sized enterprises (SMEs) are encouraged to participate, as they may bring innovative solutions that align with the FCA's goal of strengthening its operational capabilities in market monitoring and abuse detection.

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Notice Information

Notice Title

Provision of a Market Surveillance Solution

Notice Description

The FCA is refreshing its Market Surveillance capability and is looking to update and develop the functionality/scope or capabilities of its current solution. The current capability is a cloud hosted big data solution that receives around 30m Transaction Reports and circa 200m Order messages covering market activity on around 10,000 listed Products (with associated derivatives) each day and generates alerts to detect potential market abuse and identify trends for further investigation by analysts. As part of this refresh the FCA would like to extend current capabilities beyond secondary market activity into the near real-time world of issues affecting listed companies. The solution will be delivered as Software as a Service (SaaS). All details of the requirements are provided in the ITT documentation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-de65a567-6e7f-4b3e-a4fb-36f1152784f2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/10e81d79-3ef9-44d7-85b4-bc3462975bbd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20214 years ago
Submission Deadline
1 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
27 Apr 2022 - 27 Apr 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
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
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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