Justification for Award of Single Source Purchase Order to Markit North America
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 50310225P0020
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 50310225P0020 Federal contract award
- Awardee
- Markit North America Inc.
- NAICS code
- 519290 Web Search Portals and All Other Information Services
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Securities and Exchange Commission (SEC) issued a sole source justification for awarding contract 50310225P0020 to Markit North America, Inc. for enterprise access to Credit Default Swap (CDS) reference data services. The service will deliver comprehensive CDS reference data through the Wharton WRDS platform, including unique identification codes for CDS reference entities and obligations, information on legal relationships between entities and obligations, verified corporate events affecting CDS pricing and trading, and data on CDS indexes and their constituents. The SEC justified the sole source award by determining that Markit North America is the only known vendor capable of meeting all specified data requirements, and after posting a Notice of Intent to Sole Source on SAM.gov, no other potential vendors responded. The contract has a total value of $289,596 and includes a one-year base period with four one-year option periods, featuring a 5% annual escalation clause. This data service is essential for supporting trade confirmations and reducing counterparty risks in CDS transactions that the SEC regulates.
Notice text
The SEC requires a service that will deliver credit default swap (CDS) reference data, including information on entities, obligations, corporate actions and credit events. The data will be delivered through the Wharton WRDS platform and will include the following key features: (1) unique identification codes for CDS reference entities, (2) unique identification codes for pairs of CDS reference entities and reference obligations, (3) information on the legal relationship between a reference entity and a reference obligation, (4) verified corporate events (e.g., corporate actions, CDS succession events, credit events) that potentially affect the pricing and trading of CDSs, (5) unique identification codes for CDS indexes, and (6) verified information on CDS indexes and the constituents of CDS indexes including updated weighting and index factors upon a credit event. The period of performance for the firm-fixed price purchase order is one (1) base year with four (4) one (1) year options.
Awarded contract 50310225P0020 to unknown vendor for unknown amount on 2025-07-24.
Files
| File | Type | Posted |
|---|---|---|
| Markit Simple JA Signed 07152025.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Limited / Sole Source Justification | |
| Notification of the SEC’s Intent to Award a Single Source Purchase Order to Markit North America | Special Notice |
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| Notification of the SEC's Intent to Award a Single Source Purchase Order to London Stock Exchange Group, PLC | Securities and Exchange Commission | No set-aside | |
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