CFTC Requirement for additional Eikon Premium Licenses
Closed Pre-Solicitation Posted
- Solicitation number
- 9523ZY24C0005
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 519290 Web Search Portals and All Other Information Services
- Place of performance
- Washington, District of Columbia 20581, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Commodity Futures Trading Commission (CFTC) intends to negotiate a sole-source modification to an existing contract with London Stock Exchange Group (LSEG) for four additional Eikon Premium Subscriptions. These subscriptions will provide critical data feeds for commodity and financial markets, including unique reports on LPG markets, Power USA Locational Marginal Pricing, and Foreign Exchange data that are essential for CFTC's regulatory operations. The agency is pursuing this procurement under FAR 6.302-1, which allows for acquisition from only one responsible source when no other supplies or services can satisfy agency requirements. Written responses from potential sources must be submitted by 3:00pm ET on January 21, 2025, and must provide sufficient information to demonstrate capability to fulfill the requirement. The CFTC emphasizes that this notice is not a competitive solicitation, and the government retains sole discretion in determining whether to compete the proposed requirement.
The current contract (9523ZY24C0005) will be modified to add these licenses for the remaining four option years, extending through January 31, 2029. CFTC currently possesses six Eikon Premium Subscriptions and seeks to add four more, bringing their total to ten. The data provided by LSEG is considered irreplaceable, particularly for monitoring complex financial markets like FX Swaps (a $74 Trillion notional market) and electric power futures. There is no set-aside designation for this procurement, and the government anticipates awarding the contract on or about January 31, 2025. The procurement falls under NAICS category 519290 (Web Search Portals and All Other Information Services) and PSC category DH10 (IT and Telecom Platform as a Service). The agency will not be responsible for any costs associated with preparing responses to this pre-solicitation notice.
Notice text
The Commodity Futures Trading Commission ("CFTC") intends to negotiate and award a sole-source modification on an existing contract (9523ZY24C0005) with the London Stock Exchange Group (LSEG) for the procurement of additional commodity and financial data feeds.
Specifically, CFTC intends to procure four additional Eikon Premium Subscriptions. CFTC currently has six Eikon Premium Subscriptions. CFTC intends to procure this requirement under FAR 6.302-1 -- Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. CFTC intends to modify this contract to add these additional licenses for the four remaining option years of contract 9523ZY24C0005 (through January 31, 2029).
The data provided by LSEG and its Eikon service is unique to LSEG and cannot be obtained via any other source. The areas that are unique to Eikon are as follows:
(a) Daily Eikon LPG Report: The report is for Propane, Butane, Isobutane, Natural Gasoline, and Ethane markets. LPG (liquefied petroleum gases) is a new active futures market for the CFTC and one that has increased rapidly in importance with the increase in shale oil and hydraulic fracking for natural gas.
(b) Power USA Locational Marginal Pricing (LMP) Interactive Service is a report updated every 10 minutes for the generation, transmission, and load data of electrical power markets that serves as the underlying cash market for nearly 1,500 futures contracts the CFTC monitors. This data and the accompanying information service overlay functions that are critically important to the CFTC electric power swap futures analysis and research efforts.
(c) Foreign Exchange (FX) data is not available via any other source that contains physical market activity. FX Swaps are a USD $74 Trillion notional market that the CFTC regulates. FX Fixed Income Price Service is a valuable reference to activity and market data on FX prices and spreads. Data on daily activities, analysis reports, bank news and pricing information to compare with Swap Data Repository (SDR) data is only available from Eikon.
Without access to this data, CFTC’s regulatory operations would be significantly impeded and there would be an increased risk to achieving CFTC’s mission.
THIS NOTICE IS NOT A REQUEST FOR COMPETITIVE PROPOSALS nor a solicitation of offers. However, the Government will consider written responses from all responsible sources received by 3:00pm ET, January 21, 2025. Written responses must include sufficient information to establish capability to fulfill the requirement. Oral communications are not acceptable in response to this notice. A determination by the government not to compete this proposed requirement is solely within the discretion of the Government. Information received will be considered solely for the purposes for future Market Research requirements. No formal solicitation package is available. The Government anticipates award on or about January 31, 2025. The Government will not be responsible for any costs of preparation in response to this announcement.
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