Request for Information (RFI) - Bloomberg Professional Brokerage Services

A Florida county is issuing a Request for Information (RFI) regarding the procurement of Bloomberg Professional Brokerage Services, posted on April 10, 2026, with a response deadline of April 17, 2026. This RFI serves as a Notice of Intent to Designate Sole Source/Sole Brand to determine whether the specified commodity or service is available from multiple providers or if alternative solutions exist that would meet the county's needs. The county seeks to procure Bloomberg Professional Service, which functions as the industry standard platform for fixed-income securities management and is currently utilized by all of the county's investment brokers. The Bloomberg Professional Service delivers transparent trade execution, market pricing, inventory management, analytics, research capabilities, and communication tools with the investment community through a broker-neutral portal, all integrated under a single platform. Key features and unique qualifications include advanced analytics such as Value-at-Risk calculations, Yield Curve Comparisons, and Shock Analysis offered at no additional cost, which distinguishes this service from competitors. The Bloomberg Professional Service is used by over 310,000 financial professionals worldwide and is considered the standard for financial markets participants, particularly fixed-income traders. Prospective vendors are requested to submit information regarding their ability to provide the commodity or service, or to provide written explanations and documentation contesting the sole-source designation, through the county's electronic bidding system by April 17, 2026.

The RFI does not contain information regarding set-aside designations, disadvantaged enterprise restrictions, incumbent vendors, or contract award values and budget ranges. No specific evaluation criteria beyond the stated industry standards and integration requirements have been detailed in the available documentation. The procurement focuses on identifying whether viable alternatives to Bloomberg Professional Service exist that would satisfy the county's fixed-income securities management requirements and integrate effectively with the existing broker infrastructure and technology ecosystem. The county has indicated that Bloomberg Professional is the only service provider offering the combination of transparent trade execution, comprehensive analytics, and broker-neutral market access that meets its operational standards. Vendors capable of meeting or exceeding the county's specified requirements are encouraged to respond through the electronic bidding system with supporting documentation.