Award

Bond consolidated tape - auction software

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

04 Aug 2025 at 10:02

Summary of the contracting process

The Financial Conduct Authority (FCA) has completed a procurement process to appoint a bond consolidated tape provider, specifically requiring software to facilitate a descending price auction among bidders. The procurement falls under the industry category of financial systems software development services, with DotEcon Ltd being awarded the contract. The contract commenced on 14th July 2025 and will run until 30th September 2025. Based in London, the FCA operates as a public authority within central government, and this particular procurement was executed using a direct method, below the competition threshold, thus reflecting the completion of the award stage.

This tender presents significant opportunities for growth in the financial software development sector, particularly for businesses that specialise in auction software and financial systems. With a gross contract value of £124,800, this procurement can offer substantial business development and reputation enhancement prospects for capable suppliers in the large-scale service provision category. Companies with expertise in developing sophisticated financial systems can benefit from the governmental affiliation of the buyer, establishing a footprint in public sector contracts which may lead to further opportunities and collaborations.

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Notice Title

Bond consolidated tape - auction software

Notice Description

We are currently tendering to appoint a bond consolidated tape provider. As part of the tender, we will require software to run a descending price auction between bidders.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056c13
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/045542-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without 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

72212442 - Financial systems software development services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£104,000 £100K-£500K

Notice Dates

Publication Date
4 Aug 20256 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Jul 20257 months ago
Contract Period
13 Jul 2025 - 30 Sep 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

DOTECON

Further Information

Notice Documents

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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