Bloomberg Shared Terminals for CFTC

The Commodity Futures Trading Commission (CFTC) intends to award a sole source contract to Bloomberg Financial L.P. for Bloomberg professional terminal services, including shared terminals, disaster recovery capabilities, and Bloomberg Valuation Service (BVAL) data. The CFTC requires these services to maintain surveillance of commodity market activity and relies on Bloomberg's unique proprietary financial data, particularly for interest rate products and Credit Default Swap indices. The procurement is justified under FAR 6.302-1 and 41 U.S.C. 3304(a)(1), which allows contracting with the only responsible source capable of satisfying agency requirements, as Bloomberg is the sole provider of shared terminal services as opposed to individual licenses. The agency posted a pre-solicitation notice on SAM.gov on June 5, 2025, with responses due by June 12, 2025, but received no alternative proposals from other vendors. The government anticipates awarding the contract on or about June 30, 2025, and will not be responsible for any costs incurred by parties responding to this announcement.

This procurement does not utilize any set-aside designations and Bloomberg Financial L.P. is identified as both the intended awardee and current service provider for these terminal services. The total estimated contract value is $1,491,708.00 over a five-year period, structured with one base year and four one-year option periods. The contract will provide the CFTC with access to Bloomberg's proprietary financial data sources that are critical for the agency's market oversight mission, as no single information source can provide all the data required for comprehensive commodity market surveillance. The CFTC conducted market research and monitoring activities to assess potential competitive alternatives but determined that Bloomberg remains the unique source for these specific capabilities. The agency indicated it will continue monitoring the market for potential future competitive opportunities while maintaining its current reliance on Bloomberg's specialized services.