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Bloomberg Financial Trading Terminals

University of Strathclyde

This public procurement record has 2 releases in its history.

Award

27 Jul 2026 at 11:48

Award Notice
Award

08 Jul 2026 at 10:44

Award Notice
Summary of the contracting process

The University of Strathclyde procured Bloomberg Financial Trading Terminals for teaching, research and student provision in its Department of Accounting and Finance and across the Strathclyde Business School. The requirement covers financial analysis software and associated financial information systems, including data supply and financial market operational services. The work is centred at the University of Strathclyde in Glasgow. It is a goods procurement for a specialist financial information and trading terminal service, rather than general IT support or standard desktop software. Businesses with relevant products should therefore have a strong understanding of institutional financial-market data, terminal-based analysis and the needs of university teaching and research users.

The procurement is complete and was awarded through a limited procedure without a prior call for competition. The University relied on Bloomberg’s exclusive rights and recorded that a Voluntary Ex-Ante Transparency Notice raised on 8 July 2026 received no objections. Bloomberg LP was awarded the requirement, with active awards recorded for the single lot. The contract value is £134,374; contracts were signed on 8 July 2026 and 14 July 2026. One bid was received, submitted electronically, and it was from a non-SME. The stated evaluation criteria were quality and price, although the published weighting descriptions are recorded as zero. The lot is also marked cancelled in the procurement data, despite the active awards and contracts.

This award demonstrates demand from a Scottish university for branded financial trading terminals supporting teaching, research and student access. A credible future competitor would need to provide specialist financial-market information systems rather than generic finance software, with reliable terminal access, current market data and functionality suitable for academic instruction and research. The requirement also indicates the importance of serving both a finance department and a wider business school, so suppliers would need to support multiple user groups and institutional deployment. Bloomberg’s exclusive-rights position and the single bid show that direct product ownership or a clearly differentiated proprietary service may be important. Suppliers should also be prepared to compete through a procurement route that can involve an award without prior competition where exclusive rights apply.

How relevant is this notice?

Notice Information

Notice Title

Bloomberg Financial Trading Terminals

Notice Description

The provision of Bloomberg Financial Trading Terminals.

Lot Information

Lot 1

The University requires the provision of Bloomberg Financial Terminals for teaching, research, and student provision within the Department of Accounting and Finance and the wider Strathclyde Business School (SBS).

Procurement Information

A Voluntary Ex-Ante Transparency Notice (VEAT) was raised on 08/07/2026. It provided third parties with the opportunity to raise their objection to this contract being awarded without competition. No objection was received which allows the University to determine that the appropriate route to market for this requirement is an award without competition in accordance with the Procurement (Scotland) Regulations 2016, Regulation 6 - Circumstances in which a contract can be awarded without competition - (1) A contracting authority may award a public contract without seeking offers in relation to the proposed contract - b) where the works, supplies or services can be supplied only by a particular economic operator for any of the following reasons - (iii) the protection of exclusive rights, including intellectual property rights.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06c600
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070726-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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

48000000 - Software package and information systems

48441000 - Financial analysis software package

48812000 - Financial information systems

66151000 - Financial market operational services

72319000 - Data supply services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£134,374 £100K-£500K

Notice Dates

Publication Date
27 Jul 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
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
University of Strathclyde
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G1 1XU
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

BLOOMBERG FINANCE L.P.

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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