Notice of Intent to Sole Source - Nasdaq Market Surveillance Solution Tender, USA - 121971383

Procurement Summary

Country : USA

Summary : Notice of Intent to Sole Source - Nasdaq Market Surveillance Solution

Deadline : 10 Jul 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 121971383

Document Ref. No. : CFTC-20250001

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Description

The Commodity Futures Trading Commission (“CFTC”) intends to negotiate and award a sole source contract for a base year and four 1-year option periods to Nasdaq to acquire the Nasdaq Market Surveillance (NMS) solution to conduct comprehensive trade surveillance and market monitoring on the market data received and processed under the CFTC-s existing reporting obligations and regulatory oversight framework. The Government intends to procure this requirement pursuant to the “Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements” exception in FAR part 6.

Under the Commodity Exchange Act (CEA) and CFTC Regulations, the CFTC is authorized to detect, analyze, and enforce potentially manipulative and abusive trading practices, including spoofing, layering, wash trading, marking or banging the close, and front-running. To effectively facilitate the oversight requirements in the CEA and CFTC Regulations, CFTC requires a market surveillance system capable of handling high-volume, multi-venue trading data with T+1 detection of potential manipulation and/or other abusive trade practices in CFTC regulated derivatives markets. This requires a system that meets the highest standards of reliability, precision, and regulatory alignment.

The NMS is needed to conduct comprehensive trade surveillance and market monitoring on the market data received and processed under the CFTC-s existing reporting obligations and regulatory oversight framework. NMS will be applied to both real-time and post-trade market data streams, specifically covering products and activity governed by the CFTC under its jurisdiction over designated contract markets (DCMs) and swap execution facilities (SEFs), and related intermediaries. NMS is currently in production with over 20+ global exchanges, 17+ regulatory bodies, and 140+ market participants. NMS is designed to ingest native market data across CFTC asset classes and venues and supports CFTC p...
Active Contract Opportunity
Notice ID : CFTC-20250001
Related Notice
Department/Ind. Agency : COMMODITY FUTURES TRADING COMMISSION
Sub-tier : COMMODITY FUTURES TRADING COMMISSION
Office: COMMODITY FUTURES TRADING COMM
General Information
Contract Opportunity Type: Presolicitation (Updated)
Updated Published Date: Jul 02, 2025 03:32 pm EDT
Original Published Date: Jul 02, 2025 03:27 pm EDT
Updated Response Date: Jul 10, 2025 12:00 pm EDT
Original Response Date: Jul 10, 2025 12:00 pm EDT
Inactive Policy: 15 days after response date
Updated Inactive Date: Jul 25, 2025
Original Inactive Date: Jul 25, 2025
Initiative: None

Classification
Original Set Aside: No Set aside used

Product Service Code: DA10 - IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SOFTWARE AS A SERVICE
NAICS Code: 519290 - Web Search Portals and All Other Information Services

Place of Performance: Washington, DC USA

Documents

 Tender Notice