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Market Data Processing System

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

04 Jul 2022 at 13:37

Award Notice
Summary of the contracting process

The Financial Conduct Authority is seeking suppliers for a contract titled "Market Data Processing System," classified under compliance software within the goods procurement category. This contract modification, which is currently in the Award stage, involves a total value of £34,250,000, including a recent modification value of £10,750,000. The modification extends the existing contract's end date from 14th April 2023 to 14th April 2026, allowing time for essential technical updates and future procurement efforts. The procurement method utilised is competitive dialogue, ensuring a fair and transparent process.

This tender presents significant opportunities for businesses specialising in compliance software, IT services, and financial systems. Companies that provide programming services, system support, and software development are especially well-suited to compete for future procurements stemming from this modification. Given the FCA's focus on enhancing market data management systems, firms with capabilities in data processing and financial transaction services are particularly encouraged to engage in upcoming bidding processes to expand their presence within the public sector.

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Notice Information

Notice Title

Market Data Processing System

Notice Description

This Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118

Lot Information

Lot 1

Markets Data Processor (MDP) is an externally managed platform that collects MiFID II / MAR data from Market Participants, validates the data, supports data management. The data is used at the FCA to supervise financial markets, primarily for the detection of market abuse, market manipulation and breeches of commodity derivatives position limits. Following a Request for Information (RFI) process, advertised through The UK Find a Tender Service under reference 2022/S 000-008070, it has been determined to enable a future procurement, which is both fair and transparent a modification to the existing platform is required. This modification is to simplify the solution, refreshing legacy system components to ensure business continuity while a future procurement is undertaken. Allowing sufficient time for process and transition to take place without business interruption. The FCA has taken the decision, subject to Regulation 72(1)(b) to modify the existing end date of the contract from the 14th April 2023 to the 14th April 2026, this includes the year 8 option, which would have run from 15th April 2023 to the 14th April 2024 and as such this modification is for an additional 2 (two) years based maximum term of the Contract. The value of the modification is PS10,750,000 ex VAT. The original Award value of the Market Data Processing Solution was PS23,500,000 ex VAT and published in OJEU under reference 2016/S 059-100118. The new end date reflects the time and the technical work required to update, simplify the solution and document the new architecture in readiness for the future procurement. Additional information: This Notice does not relate to the award of a new Contract but to a modification to an existing contract in accordance with Regulation 72(1)(b) of the Public Contracts Regulations 2015. The Contract modification addressed by this Notice is for the provision of the Market Data Processing System originally awarded in OJEU under reference 2016/S 059-100118

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034d96
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018158-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Competitive dialogue
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

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

CPV Codes

48170000 - Compliance software package

48442000 - Financial systems software package

66172000 - Financial transaction processing and clearing-house services

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

72212000 - Programming services of application software

72212517 - IT software development services

72232000 - Development of transaction processing and custom software

72250000 - System and support services

72253000 - Helpdesk and support services

72253100 - Helpdesk services

72261000 - Software support services

72262000 - Software development services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£34,250,000 £10M-£100M

Notice Dates

Publication Date
4 Jul 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 Mar 201610 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

Sopra Steria Limited

Further Information

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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