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Awarded United Kingdom Services

Bloomberg Renewal 2025

Buyer: FCA

Published
14 May 2025
Estimated value
$746,040
Place of performance
UKC
Procedure
Direct award
Lots
1
Notice number
021409-2025
Reference
ocds-h6vhtk-04fd4e
Official source
Official source

CPV codes

Description

They FCA required daily access to market data. Some of the risks in this requirement is not in place: It would limit the FCA's ability to bring successful criminal and regulatory action. FCA may not effectively review alerts from our surveillance system, with a risk to our commitment to clean markets. The FCA could not monitor for orderly markets. The data and insight that Bloomberg can provide is key for departments to be able to deliver on its market monitoring objective. There is no viable alternative product. Major policy would go without empirical support, in short evidence-based policy making would be severely impacted. Retaining Bloomberg license is critical for the FCA to complete our statutory objective of 1/ promoting competition and 2/ consumer protection. We are increasingly encouraged to rely on more existing data within the FCA and enhance those with publicly available data. Bloomberg licences is critical to enhance regulatory returns and allow us to perform our function of financial analysis. Internal departments would impact the ability to conduct real-time surveillance of the UK market. Monitoring key funds and relevant investments, market trends and volatility a…

Awards

Awarded toAmountDate
BLOOMBERG FINANCE L.P. $746,040 31 March 2025

Official publications

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Frequently asked questions

What is the estimated value of this tender?
The estimated value published by the buyer is $746,040.
Who is the buyer of this tender?
The contracting authority is FCA (United Kingdom).
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Data collected from official public procurement sources. Amounts as published by the buyer.