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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 01:00

OJEU - F3 - Contract Award Notice
Award

08 Jul 2026 at 01:00

OJEU - F15 - Voluntary Ex Ante Transparency Notice
Summary of the contracting process

The University of Strathclyde bought Bloomberg Financial Trading Terminals for teaching, research and student provision in its Department of Accounting and Finance and across the Strathclyde Business School. This is a goods requirement for financial trading terminal provision, delivered at the University of Strathclyde in Glasgow. The requirement concerns access to specialist financial-market technology used in an education and research setting, rather than general IT equipment or a broader technology support service. The named buyer is the University of Strathclyde. The procurement was for one lot covering the complete terminal requirement.

The procurement has been awarded and the contract is active. Bloomberg LP was selected for the single lot, with one bid recorded. The contract was signed on 14 July 2026 and is valued at £134,374. The University used a limited award procedure without prior publication of a call for competition. Its rationale was that the services could be supplied only by a particular economic operator because of exclusive rights, including intellectual property rights. A Voluntary Ex-Ante Transparency Notice was raised on 8 July 2026, with no objection received. The stated evaluation basis covered quality and price. The contract is recorded as complete at tender level, while the resulting contract is active.

This award shows established demand from the University of Strathclyde for specialist Bloomberg financial terminals supporting accounting and finance teaching, business-school activity, research and student use. A credible future competitor would need to provide the same type of dedicated financial-market terminal service to an academic environment, with sufficient capacity for departmental and wider business-school users. The procurement route also indicates that the buyer regarded Bloomberg as the sole provider able to meet the requirement because of exclusive rights and intellectual property. Suppliers with an authorised or otherwise legally secure route to provide equivalent financial data and trading-terminal functionality would therefore be better placed than general IT resellers. The single recorded bid and absence of SME participation indicate a narrowly specialised market.

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-r6ebe6-0000836846
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL560942
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract 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
Complete
Awards Status
Not Specified
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

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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