SEC Response to Questions for Sources Sought 50310222Q0004.pdf
PDF 208 KB Posted
- Attached to
- FINANCIAL DATA SOURCES SUBSCRIPTION Federal contract opportunity
- Solicitation number
- 50310222Q0004
- Issued by
- Securities and Exchange Commission
About this file
This document contains a sources sought notice issued by the Securities and Exchange Commission seeking sources for a financial data subscription. The SEC is seeking a commercial off-the-shelf subscription to provide financial time series and economic information data for 15 users with 3 concurrent, market and company data available enterprise-wide, and Lipper Hedge Fund data for 67 users. The incumbent contract is held by Refinitiv US LLC under contract number SECHQ117C0039 from March 31, 2017 to March 22, 2022 with a total value of $9,259,073.60. Responses to the sources sought notice are due by January 5, 2022 and should include a summary, description of the subscription that demonstrates meeting requirements, response to the questionnaire, and price estimates for an annual subscription for one year and up to nine option years.
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| Attachment 1 - Draft Requirements List (Financial Data Sources subscription).pdf | ||
| Attachment 2 - Sources Sought Questionnaire.pdf |
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Text version
Sources Sought: 50310222Q0004 SEC Response to Questions
1. In regards to the requirement that Data be made available via the Wharton Research Data Services platform (“WRDS”), our company does not have integration with WRDS and I do not believe we will be able to natively feed the platform. Can we still continue with the contract opportunity with the understanding the data would be delivered through a different mechanism?
SEC Response: Companies may provide a description of another mechanism if they think it will meet this requirement. Based on our market research, we believe that WRDS is the only platform that can fully meet the SEC’s requirements. However, for this Sources Sought Announcement, we will review responses to consider if there are other mechanisms that can meet the requirement.
If your company does not meet this requirement but meets other requirements in the notice, you may still submit a response for the other requirements. Please note which requirements your company meets in question 1.B on Attachment 2 (Questionnaire that is required for all companies responding to the Sources Sought).
2. In regards to the requirement that real-time data, proprietary content, and third-party information be delivered via Platform. Would raw data still be sufficient or is delivery of the data required via a Platform?
SEC Response: Delivery is required via a platform and the data must be exportable for use off-platform.
3. Please clarify if there are more details available for the requirement: “Economic Information Data.”
SEC Response: Please refer to Pages 5 and 6 for full description of this requirement.
4. Please provide the departments and number of users expected for this requirement.
SEC Response: Please note that the Requirements List specifies number of users throughout as follows:
- The databases for Financial Time Series & Economic Information Data and Financial Transactions shall be for 15 users, with 3 of them concurrent.”
- “database containing market and company data shall be available enterprise-wide.” (Note: SEC will review pricing for Tiers of 500 users, 750 users, and 1000 users if available).
- Lipper Hedge Fund: 67 users
WRDS data is available to SEC enterprise but there is approximately 50 users.
We are not able to specify departments for this Sources Sought Notice.
5. Business size and whether your company has any current socio-economic classifications (e.g.
Our legal team is asking for further elaboration on the current socio-economic classifications part. Can you further elaborate on what is required here? I believe the term "Large Business" has been used in the past but I wanted to confirm with you.
SEC Response: If you company does not meet any of socio-economic classifications, please indicate “Other than Small Business.” “Large Business” is also sufficient.
6. I would like to confirm if the effort mentioned above considered as new requirement or are there incumbent contract(s)? If there is an incumbent vendor(s), would you be able to provide the contract details (such as: Vendor Name, Contract Number, Award and end dates, total contract value) please? Lastly, is an estimated value available for this effort?
SEC Response: There is an incumbent for this requirement. Please see info below for the incumbent contract:
Vendor Name: Refinitiv US LLC
Contract Number: SECHQ117C0039
Award Date: 03/31/2017 End Date: 03/31/2022
Total contract value: $9,259,073.60
There is not an estimate available for this Sources Sought.
https://oaefile.ad.sec.gov/efiles/2017-1/eed1dca0747b/Pages/home.aspx
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