Market Surveillance System

Central Bank of Ireland

The Central Bank is seeking the provision and implementation of a Market Surveillance System inclusive of licensing, support and maintenance (together the “Solution”). The Solution will provide the Central Bank as a market regulator and supervisor with the capacity to monitor markets in financial instruments for the purpose of protecting market integrity through automated detection and follow-up analysis of possible instances of market abuse (insider dealing and market manipulation).
Please see attached documentation for more information.

Deadline

The time limit for receipt of tenders was 2022-03-18. The procurement was published on 2022-02-04.

Suppliers

The following suppliers are mentioned in award decisions or other procurement documents:

Who? What? Where?
Procurement history
Date Document
2022-02-04 Contract notice
2022-03-15 Additional information
2023-08-22 Contract award notice
Contract notice (2022-02-04)
Object
Scope of the procurement
Title: IT services: consulting, software development, Internet and support
Reference number: 2020P010
Short description:
The Central Bank is seeking the provision and implementation of a Market Surveillance System inclusive of licensing, support and maintenance (together the “Solution”). The Solution will provide the Central Bank as a market regulator and supervisor with the capacity to monitor markets in financial instruments for the purpose of protecting market integrity through automated detection and follow-up analysis of possible instances of market abuse (insider dealing and market manipulation). Please see attached documentation for more information.
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Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: IT services: consulting, software development, Internet and support 📦
Additional CPV: Industry specific software package 📦
Place of performance
NUTS region: Éire/Ireland 🏙️

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Body governed by public law
Awarding authority name: Central Bank of Ireland
Postal address: PO Box 559
Postal code: New Wapping Street,
Postal town: Dublin 1
Contact
Internet address: http://www.centralbank.ie 🌏
E-mail: tenders2@centralbank.ie 📧
Phone: +353 12246000 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=206698&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=206698&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-02-04 📅
Submission deadline: 2022-03-18 📅
Publication date: 2022-02-09 📅
Identifiers
Notice number: 2022/S 028-071785
Refers to notice: 2020/S 250-623445
OJ-S issue: 28

Object
Scope of the procurement
Short description:
The Central Bank is seeking the provision and implementation of a Market Surveillance System inclusive of licensing, support and maintenance (together the “Solution”). The Solution will provide the Central Bank as a market regulator and supervisor with the capacity to monitor markets in financial instruments for the purpose of protecting market integrity through automated detection and follow-up analysis of possible instances of market abuse (insider dealing and market manipulation).
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Please see attached documentation for more information.
Estimated total value: 3 000 000 EUR 💰
Short description:
The Solution must be capable of ingesting trading and market-related data from a number of sources and perform requisite processing and analysis in order to identify, on a daily basis, potential instances of market abuse. The Solution will also provide functionality to search and interrogate data for the purpose of investigating possible market abuse, and will incorporate robust and secure record keeping and tracking characteristics. The Solution will provide the Central Bank with the capacity to generate regular and ad-hoc reports based on the data contained within it. The Solution should incorporate an efficient and intuitive user interface incorporating effective and complementary visual and graphical display options and functionality.
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Estimated value excluding VAT: 3 000 000 EUR 💰
Duration: 60 months
Description of renewals:
The duration of the Contract is intended to be five (5) years, although the Central Bank
has the right to terminate it earlier. The Central Bank also has the right to extend the
duration of the Contract by any period or series of periods up to a total of four (4) years,
so that the Contract may ultimately have a maximum total duration of nine (9) years.
Place of performance
Main site or place of performance: Dublin

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 17:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 12 months
Tender opening date: 2022-03-18 📅
Tender opening time: 17:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Central Bank Sourcing Team
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/329 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=206698&B=ETENDERS_SIMPLE 🌏

Complementary information
Review body
Name: High Court
Postal address: Four Courts
Postal town: Dublin 7
Country: Ireland 🇮🇪
Phone: +353 18886511 📞
E-mail: highcourtcentraloffice@courts.ie 📧
Fax: +353 18886125 📠
Internet address: http://www.courts.ie/ 🌏
Source: OJS 2022/S 028-071785 (2022-02-04)
Additional information (2022-03-15)
Object
Notice metadata
Document type: Additional information
Common procurement vocabulary (CPV)
Code: IT software package 📦

Reference
Dates
Date dispatched: 2022-03-15 📅
Submission deadline: 2022-04-19 📅
Publication date: 2022-03-18 📅
Identifiers
Notice number: 2022/S 055-144440
Refers to notice: 2022/S 028-071785
OJ-S issue: 55
Source: OJS 2022/S 055-144440 (2022-03-15)
Contract award notice (2023-08-22)
Object
Scope of the procurement
Total value of the procurement: 3 438 504 EUR 💰
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Reference
Dates
Date dispatched: 2023-08-22 📅
Publication date: 2023-08-25 📅
Identifiers
Notice number: 2023/S 163-511247
OJ-S issue: 163
Additional information
Note that the estimated total value of the procurement as stated at II.1.7) and V.2.4) is an estimated figure only, representing estimated spend over the entire term, including an estimated figure for potential additional requirements. It represents the Central Bank’s best estimate of the anticipated total value of the contract at the date of award, but it is not possible to be definitive in this regard by virtue of the nature of the services involved.
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Procedure
Award criteria
Quality criterion (name): Functional requirements
Quality criterion (weighting): 4500
Quality criterion (name): Technical requirements
Quality criterion (weighting): 3000
Quality criterion (name): Implementation
Quality criterion (weighting): 500
Price (weighting): 2000

Award of contract
Date of contract conclusion: 2023-03-18 📅
Name: Scila ab
National registration number: 556763469501
Postal address: Sveavägen 17
Postal town: Stockholm
Postal code: 11157
Country: Sweden 🇸🇪
E-mail: sales@scila.se 📧
Internet address: http://www.scila.se 🌏
Total value of the procurement: 3 438 504 EUR 💰
Information about tenders
Number of tenders received: 3

Complementary information
Review body
Information about review deadlines:
In accordance with Regulation 7 of the European Communities (Public Authorities' Contracts) (Review Procedures) Regulations 2010, as amended.
Source: OJS 2023/S 163-511247 (2023-08-22)
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