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UK Equities Consolidated Tape Provider

Financial Conduct Authority

This public procurement record has 2 releases in its history.

Planning

30 Oct 2026 at 12:17

UK3 - Planned Procurement Notice
Planning

07 May 2025 at 15:38

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) plans to appoint one provider to build and operate a consolidated tape for UK equities. The service will aggregate pre-trade and post-trade equities data and distribute it to a wide range of users. This is a financial systems software development and data service, intended to provide a consolidated source of market information. The FCA is also seeking input from prospective providers and technology suppliers on the design, costs and resilience of an equities consolidated tape. Delivery is for the UK market. The planned arrangement is a concession: the provider’s role is to deliver the service and disseminate data, rather than supply goods to a specified FCA site.

This is at the planning stage: the FCA has stated its intention to procure, but has not yet invited tenders. It plans to use an open competitive flexible procedure, with a single contract. The expected contract period runs from 9 July 2027 to 31 January 2033, with provision for two 12-month extensions subject to HM Treasury criteria. The estimated value is £65 million excluding VAT (£78 million including VAT); as a concession, this is not addressable spend. The FCA expects the next procurement notice on 4 January 2027, bids by 18 March 2027 and an award decision by 29 June 2027. Before procurement, it invited expressions of interest by 21 May 2025 and planned discussions on costs and design considerations with suppliers it considered suitably expert.

The work is likely to suit providers able to design, implement and operate financial-market data infrastructure, including technology suppliers with relevant equities market expertise. The FCA has highlighted the costs of building and maintaining the tape and design issues such as resilience as subjects for market discussion, so suppliers should be prepared to explain their experience and the cost drivers of their proposed approach. The service requires aggregation of both pre-trade and post-trade equities data and dissemination to a broad range of users. The FCA has indicated that small and medium-sized businesses and voluntary, community and social enterprises may be suitable participants. The planned concession also includes options for changes if infrastructure costs rise unusually or required operating hours increase with market conditions.

How relevant is this notice?

Notice Information

Notice Title

UK Equities Consolidated Tape Provider

Notice Description

To appoint a single consolidated tape (CT) provider to aggregate pre & post trade data on Equities and then disseminate it to a wide variety of users. It will be awarded as a Concession Contract, hence no addressable spend.

Lot Information

Lot 1

Options: i. Infrastructure (hardware) costs increase significantly above inflation due to unusual market conditions ii. The Operating Hours the CTP are required to support are increasing due to changes in Market conditions

Renewal: Two 12 month extensions, subject to certain criteria as set out by HM Treasury

Planning Information

The FCA would like to engage with prospective providers of an equity consolidated tape or suppliers of technology to be used to deliver its proposal to design and implement a Consolidated Tape (“CT”) for the equities market. The FCA is especially interested in the cost drivers of the tape and other design considerations, such as resiliency. For further information on the Consolidated Tape for equities market please visit the FCA’s website [https://www.fca.org.uk/markets/data-reporting-services-providers/equities-consolidated-tape] The FCA would like to receive Expressions of Interest in discussing the cost and other design factors of the equity CT from suppliers with relevant expertise. Suppliers should register their Expression of Interest via the FCA's Procurement inbox [FCAProcurement@FCA.org.uk], by 21/05/2025. In those Expressions of Interest suppliers should provide the following information: - Company Name and Registration Number - Registered Address - Registered Website Address (if applicable) - Lead Contact details including Name, role in organisation, email address and phone number. - Explanation of your expertise which is relevant to this subject matter Following receipt of Expressions of Interest, the FCA intends to arrange calls with all respondents who it determines have suitable expertise in this area, along with other third parties it separately identifies as having expertise. These discussions will focus on the costs of different elements of building and maintaining an equities CT and the FCA may issue further details of areas for discussion prior to those scheduled calls. As the FCA continues with the development of its policy and proposed approach for the structure of the Consolidated Tape for equities, in particular in the drafting of its consultation paper, it may seek to engage further with all, or a sub-set, of those suppliers who have expressed an interest, along with other third parties it identifies as having relevant expertise.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050e18
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/103160-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK3 - Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72212442 - Financial systems software development services

Notice Value(s)

Tender Value
£65,000,000 £10M-£100M
Lots Value
£65,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Oct 20263 days ago
Submission Deadline
Not specified
Future Notice Date
4 Jan 20273 months to go
Award Date
Not specified
Contract Period
9 Jul 2027 - 31 Jan 2033 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
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
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

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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