Request for Information (RFI) - Bloomberg Professional Brokerage Services

Project Description: Notice of Intent to Designate Sole Source/Sole Brand:
This Request for Information (RFI) Notice of Intent to Designate Sole Source is to determine if the specified commodity or service is available from multiple providers, or if an alternate commodity or service is available that would meet the County’s needs. This is not a request for pricing or a purchase commitment.
The following commodity or service is thought to be available from only a sole source (or reasonable source) and is the only commodity/services that meets the County’s needs:
Bloomberg Professional Service
The Bloomberg Professional is the industry standard for management of fixed-income securities and is used by all of the County’s investment brokers. Bloomberg is the only service provider that offers transparent trade execution, market pricing, inventory, analytics, research, and communication with the investment community in a broker neutral portal. The Bloomberg Professional integrates all these services under a single platform and is THE standard for participants in the financial markets, especially for Fixed Income users. No other competitor provides a product that is as widely used or accepted among fixed income traders. This product is currently used by over 310,000 financial professionals worldwide. In addition, The Bloomberg Professional Service is unique in offering analytics such as Value-at-Risk, Yield Curve Comparisons, and Shock Analysis in the same package at no additional cost.
This RFI will remain posted until closing date and time.
Prospective Vendors are requested to provide information regarding their ability to provide the commodity or service described or written explanation or other documentation contesting the proposed RFI designation.
If you are capable of meeting or exceeding the County’s requirements for the specified commodity or service, respond to this RFI through the electronic bidding system. Vendor should upload any supporting information in the electronic bidding system as part of its response to assist the County in determining if commodity or service is comparable, is available from multiple suppliers, and meets the County’s needs. The Director of Purchasing shall have sole authority in deciding what is comparable.
The Director of Purchasing shall consider such submittals and notify all submitting vendors (thru the electronic bidding system) of the decision whether to designate as a Sole Source/Brand, which decision shall not be subject to objection, protest, or appeal.