SOURCES SOUGHT
70 -- Market Risk Management Software
- Notice Date
- 1/26/2012
- Notice Type
- Sources Sought
- NAICS
- 511210
— Software Publishers
- Contracting Office
- Commodity Futures Trading Commission, Office of Financial Management-Procurement, Procurement Operations and Policy, Three Lafayette Centre, 1155 21st Street, N.W., Washington, District of Columbia, 20581
- ZIP Code
- 20581
- Solicitation Number
- CFIT-12-SO-0083
- Archive Date
- 3/1/2012
- Point of Contact
- Nicholas Graham, Phone: (202) 418-5191
- E-Mail Address
-
ngraham@cftc.gov
(ngraham@cftc.gov)
- Small Business Set-Aside
- N/A
- Description
- This is not a solicitation, but a survey to locate potential sources capable of performing the work described in this notice. The Commodity Futures Trading Commission ("CFTC" or "Commission") is contemplating enhancement of its risk analysis and surveillance programs with market-available software tools, as discussed below. Congress formed the CFTC as an independent regulatory agency to protect market users and the public from fraud, manipulation, and abusive practices in connection with the offer and sale of commodity futures and option contracts and to foster open, competitive, and financially sound commodity futures and option markets. In recent years, futures and options trading has expanded rapidly into many new markets beyond the traditional domains of physical and agricultural commodities. Trading facilities now offer futures and option contracts on a vast array of instruments, including single stock, environmental, performance measures, foreign currencies, U.S. and foreign government securities, and U.S. and foreign stock indices. Additionally, trading facilities have filed a significant number of new product applications and certifications, many quite innovative, covering a broad range of commodity types. To safeguard the integrity of futures and options markets, the CFTC seeks to maintain trading in liquid, fair, and financially secure trading facilities by, among other things, deterring and preventing price manipulation and other disruptions to market integrity and by protecting market participants from fraudulent activity that could lead to potential market manipulations. Due to the dramatic increase of trading volume in the commodity futures market and the emergence of algorithmic computerized trading strategies as well as high frequency trading platforms, the Commission desires to broaden its technical resources for the oversight and regulation of these markets. The Commission continues to make significant progress in updating its technology, data handling capabilities, and baseline analytical tools. To continue the improvement of its capabilities, CFTC has identified the following requirements for a commercial-off-the-shelf (COTS) package that can provide enhanced portfolio analysis and risk surveillance capabilities. CFTC is seeking one or more COTS sources that possess the following capabilities: 1. Market risk management system capable of real-time market monitoring and end of day position monitoring of exchange listed futures, options, and OTC swaps (interest rate swaps, credit default swaps). 2. Capability to display aggregate firm account, individual or customer account, and user-level account position and monitor risk (liquidity, capital, account position). 3. Take in intraday transactions and prices from multiple sources and provide risk exposure data and preset risk limit alerts to Risk Analysts for real-time analysis (not batch). 4. Ability to scale quickly to support new instruments and data formats and ensure quality of the incoming data. 5. By account, capability to calculate and display risk sensitivities, risk measures or hedge parameters. 6. By account, capability to calculate and display daily position and daily P&L. 7. By account, capability to calculate and display shock analyses or other scenario modeling, including effect of integration of option trees. 8. Capability to generate risk alerts based on pre-set triggers such as VaR and P&L change thresholds. 9. Capability to generate and distribute automated periodic reporting. 10. Capability to integrate with transaction and real-time pricing data. 11. Capability to easily integrate with market data providers such as Interactive Data Corporation and Reuters. Data, such as large trader end-of-day positions, market data, order data, and trade data may be provided by the CFTC or directly from other sources (both commercial and non-commercial) and are considered highly sensitive. The contractor's solution should have a mechanism in place for handling this type of data - the contractor will be required to follow strict security guidelines when handling such data. CFTC requires a contractor to provide a COTS solution used by the options and futures industry for portfolio analysis and the surveillance of risk. Contractor's staff should have deep domain and industry experience implementing COTS solutions for FCMs (Futures Commission Merchant), SEF (Swap Execution Facilities), DCMs (Designated Contract Markets), or DCOs (Derivatives Clearing Organization). The contractor's COTS solution should have the ability to provide software customization and modification if any functional gaps are identified. The COTS solution should use state of the art 64-bit multi-processor Windows technology/platform. The contractor will be responsible for on-site implementation, ongoing system maintenance support such as instrument database update, technical troubleshooting, and software updates. The contractor will also provide user support such as training. CFTC encourages sources that possess one or more of the capabilities identified above to respond to this notice. Information furnished should demonstrate experience relevant to the proposed project and capabilities listed above, and should include: 1. A description of corporate capabilities, size (number of employees) and financial health of the company (annual revenues for the past 3 years); 2. A description of contractor's domain knowledge (futures/options) and software solution capabilities; 3. A description of the qualifications of the contractor's appropriate personnel for implementation; 4. A description of prior implementation experiences related to the proposed project (list of customers that are FCM, DCO, or DCM); 5. A description of general and special facilities, including technological capabilities of the contractor; and 6. Other literature which demonstrates the capabilities listed above. CFTC is seeking sources that possess the identified software capabilities from both a technological and human capital implementation standpoint. Responses to this notice must be submitted by email to ngraham@cftc.gov and received not later than February 15, 2012.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/CFTC/OFMP/POP/CFIT-12-SO-0083/listing.html)
- Place of Performance
- Address: Washington, District of Columbia, 20581, United States
- Zip Code: 20581
- Zip Code: 20581
- Record
- SN02662207-W 20120128/120126235103-3db4f1dd10017dac3c37e50854951ffe (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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