Belgium-Brussels: Study on the creation of an EU consolidated tape
Section I: Contracting authority
Main address: https://ec.europa.eu/info/departments/financial-stability-financial-services-and-capital-markets-union_en
Section II: Object
Study on the creation of an EU consolidated tape
The study should provide a comprehensive analysis of the feasibility and conditions for the creation of a central source of consolidated EU trading data for various financial instruments. It should establish advantages and disadvantages of various possible EU consolidated tape models.
Specifically, the objectives of the contract are to:
1) Provide an in-depth analysis of potential users' needs for an EU consolidated tape.
2) Provide an in-depth assessment of the design of an EU consolidated tape.
The tasks are to be performed at the premises designated by the contractor. A maximum of 3 co-ordination meetings with the contracting authority will be held in Brussels.
The study should assess the need to introduce consolidated tape for various financial instruments from the perspective of different users. It should examine the need for either a pre-and post trade or a post trade consolidated tape. The study should assess how the different types of market participants would make use of the consolidated tape (e.g. best execution, trade cost analysis).
The study should also analyse the existing consolidated tape frameworks. In this regard, it should provide not only a general description of the US and Canadian consolidated tape frameworks, but also an in-depth analysis of the functioning of those frameworks. The study should present possible scenarios for the architecture of a successful consolidated tape framework in the EU. The study should assess in those scenarios the merits of promoting competition between several consolidated tape providers, having regard to the efficiency and costs implications.
See procurement documents.
Section III: Legal, economic, financial and technical information
Section IV: Procedure
Rue de Spa 2 (Maison de Maître), Room 'Poseidon', 1000 Brussels, Belgium.
A maximum of two representatives per tender may attend the opening session. For organisational and security reasons the tenderer must provide the full name, date of birth, nationality and ID or passport number of the representatives at least two working days in advance to: EC-FISMA-Contracts@ec.europa.eu
Section VI: Complementary information
Internet address: http://curia.europa.eu/
Within two months of the notification given to the plaintiff or, in the absence thereof, from the day it came to knowledge.