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Futures Clearing Broker Services

Border to Coast Pensions Partnership Ltd

This public procurement record has 4 releases in its history.

Award

03 Jul 2026 at 16:35

UK6 - Contract Award Notice
Tender

05 May 2026 at 16:29

UK4 - Tender Notice
PlanningUpdate

25 Mar 2026 at 16:17

UK3 - Planned Procurement Notice
Planning

25 Mar 2026 at 15:48

UK3 - Planned Procurement Notice
Summary of the contracting process

The procurement process for the "Futures Clearing Broker Services" contract, organised by Border to Coast Pensions Partnership Limited, has been completed. Based in Leeds, UK, Border to Coast is an FCA-regulated investment manager overseeing assets for 18 Local Government Pension Scheme (LGPS) pension funds. The procurement was conducted under an open, competitive flexible procedure, targeting the financial consultancy and transaction processing industry. The contract award, valued at £500,000, was finalised on 30th June 2026, with HSBC Bank PLC selected as the supplier. The contract period begins on 2nd September 2026 and extends up to 1st September 2031, with options for renewal up to 2036. The procurement stage utilised a tender process and reached award status by July 2026.

This tender presents significant growth opportunities for businesses engaged in financial services, especially those proficient in financial consultancy and transaction processing. The requirement for a Futures Clearing Broker who can seamlessly integrate with both current and future Order Management and Portfolio Management systems makes it suitable for firms with advanced technological capabilities. Large-scale financial institutions, such as established banks and financial service providers, are well-positioned to bid successfully for similar projects given their resources and experience in complex financial operations. The competitive and flexible nature of the procedure allowed for a broad set of potential suppliers, with quality of service and competitive pricing forming key criteria in the selection process.

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Notice Information

Notice Title

Futures Clearing Broker Services

Notice Description

Border to Coast Pensions Partnership Limited ("Border to Coast") is an FCA regulated investment manager based in Leeds, UK managing assets on behalf of 18 Local Government Pension Scheme ("LGPS") pension funds (as of 1 April 2026). Border to Coast has investment propositions across a range of asset classes including equities, fixed income, private markets and real estate. There is a mix of internal (direct) and external (via third party managers) management across these propositions. Assets under management are currently ~PS53bn and are expected to grow to ~PS115bn over the next 2 - 3 years. In addition, Border to Coast is developing a series of investment capabilities to provide advisory, asset allocation and implementation services to Partner Funds. Border to Coast currently uses Bloomberg for its Order Management / Portfolio Management system ("OMS / PMS") but will be migrating to BlackRock Aladdin towards the end of 2026. Third Party Administrator ("TPA") services, including brokerage, custody and fund accounting, are provided by Northern Trust. Border to Coast wishes to procure a Futures Clearing Broker to support the implementation of its futures capability. The provider's operating model needs to be able to fully integrate with our OMS / PMS (both current and future state) and our TPA.

Lot Information

Lot 1

Renewal: The contract is expected to commence from late August - early September 2026. The contract will be for an initial period of 5 years with an option to extend for a further 5 years

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06741d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062981-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

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

Notice Dates

Publication Date
3 Jul 20262 months ago
Submission Deadline
18 May 2026Expired
Future Notice Date
5 May 2026Expired
Award Date
30 Jun 20262 months ago
Contract Period
2 Sep 2026 - 1 Sep 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Border to Coast Pensions Partnership Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 2HJ
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

HSBC UK Bank 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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