SOLICITATION NOTICE
B -- Intent to Award Sole Source - Advisory and Assistance Services for CFTC's Division of Market Oversight
- Notice Date
- 12/15/2010
- Notice Type
- Presolicitation
- NAICS
- 541690
— Other Scientific and Technical Consulting Services
- 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
- CFMO-11-SO-0081
- Archive Date
- 1/14/2011
- Point of Contact
- William M Roberson, Phone: 202-418-5367
- E-Mail Address
-
wroberson@cftc.gov
(wroberson@cftc.gov)
- Small Business Set-Aside
- N/A
- Description
- The Commodity Futures Trading Commission ('CFTC' or 'Commission') intends to procure the services of Harvey Theberge, on a sole source basis, for advisory and assistance services in connection with the operation and expansion of the Commission's new Market Continuity program required by the Dodd-Frank Wall Street Reform and Consumer Protection Act ('the Act'). The services of the contractor will also be used for the development and enhancement of the technical aspects of the soon to be re-proposed Co-Location/Proximity Hosting Services Rule. Automated systems play a central and critical role in the modern, predominantly electronic, futures trading environment. They will also play a critical role in the swaps market which the Commission has been charged to regulate by the Act. Oversight of system safeguards therefore is central to the mission of the Commission. Additionally, the explosive growth of 'high frequency' and 'algorithmic' trading in recent years has placed premiums on outright transaction processing speed, and led to extensive use of co-location and proximity hosting services. The Commission believes that these services should be offered and administered in an equitable, fair, and transparent manner, and has proposed a series of requirements for all exchanges and trading markets that offer them. The requirement for latency transparency included in this proposal is novel, esoteric, and requires specialized experience in the areas of networking, computer operations, and systems processing. The contractor is considered to be uniquely qualified to perform the required work. During the past two and one-half years, the contractor has played a principal role in developing the Commission's new Market Continuity program, which is designed to conduct regular reviews of compliance with system safeguards core principles and regulations for the automated systems of not only designated contract markets ('DCMs') and derivatives clearing organizations ('DCOs'), but also the swaps execution facilities ('SEFs') and swap data repositories ('SDRs') created pursuant to the Act. The contractor has also played a central role in assisting the Commission in developing possible requirements for exchanges that offer co-location and/or proximity hosting services, particularly in the area of latency transparency, and has devoted a significant amount of time and effort in building expertise in this area through research and discussion with major industry participants and providers. Additionally, the contractor developed the Commission's existing program for conducting technical reviews of applicants for designation as an exchange. He was also the sole provider of reviews of the systems planned by new applicants for designation, and has regularly acted as a consultant to CFTC attorneys on technical matters in rule enforcement reviews for the past 10 years. Due to the unique qualifications of Harvey Theberge, and the results of past related notices posted in FedBizOpps, CFTC believes that no other qualified source exists for this work. This notice does not constitute a solicitation for offers and, as such, no solicitation is available. However, the Government will consider responses from all responsible sources received by the response date and time identified in this synopsis. Written responses must include sufficient information to establish capability to fulfill the requirement. Any responses received will only be considered for the purpose of determining whether to conduct a competitive procurement in lieu of the sole source contract described in this notice, and such determination shall be made at the sole discretion of CFTC.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/CFTC/OFMP/POP/CFMO-11-SO-0081/listing.html)
- Place of Performance
- Address: Three Lafayette Centre, 1155 21st Street, NW, Washington, District of Columbia, 20581, United States
- Zip Code: 20581
- Zip Code: 20581
- Record
- SN02344441-W 20101217/101215234018-057c9e6d5daf31a22754bb4f500772bf (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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