UNSPSC 84121705: Market data

UNSPSC 84121705 Market data (Commodity) encompasses financial advisory, investment management, and related consulting services that state and local governments procure to manage public funds, retirement plans, endowments, and debt issuance. The work solicited under this code spans portfolio management and performance reporting for investment pools and municipal funds; investment advisory and fiduciary consulting for defined contribution and deferred compensation retirement plans; endowment fund management; bond underwriting, commercial paper liquidity provision, and debt structuring; and specialized advisory services including arbitrage compliance, Shariah-compliant investment analysis, and venture capital co-investment partnership. State issuing bodies—particularly state comptroller offices, state housing finance commissions, and state retirement systems—dominate the recent activity, alongside county commissioners, cities, transit authorities, municipal utilities, junior colleges, housing authorities, and airport authorities. The Texas Comptroller of Public Accounts, Teacher Retirement System of Texas, and state housing finance commissions appear as repeat buyers; county governments and municipalities solicit advisory services for general funds and capital reserves with greater frequency than school districts or transit authorities under this code.

Recent opportunities span multiple states with heavy concentration in Texas, California, Florida, Georgia, and Washington. The Washington State Housing Finance Commission posted RFP 202609ADM (due November 2, 2026) seeking a Fund Administrator for a $10 million affordable homeownership revolving construction catalyst fund; the City of Milpitas issued RFP 26262 (due September 24, 2026) for investment advisory services managing $265.4 million in securities and $46 million in retirement trust assets across two separately awarded packages; the Hillsborough County Clerk in Florida sought investment management services (RFP 02/26, due July 10, 2026) for $1.5 billion in short-term operating and reserve funds; and the Illinois Department of Commerce & Economic Opportunity posted RFP 27420DCEOSTRTCB54021 (due October 21, 2026) for an Investment Advisor managing the $114 million Illinois Innovation Venture Fund. Opportunities also include secondary market broker and advisory services for private equity fund interests, commercial paper liquidity provision and municipal bond underwriting, and specialized advisory for public employee retirement systems managing billions in assets. The recent contract opportunities cluster around portfolio management fees structured as flat retainers, asset-based compensation in basis points, or fixed revenue requirements, with professional liability insurance requirements typically ranging from $1 million to $2 million per claim and contract terms of three to five years with renewal options.