The City of Edinburgh Council (the Council) is administering authority of the Lothian Pension Fund (LPF).
Lothian Pension Fund (LPF) is seeking to establish a new contract for an Order Management System (OMS). The OMS is an ongoing requirement to support the investment of the listed assets of Lothian Pension Fund under internal management or under the management of Lothian Pension Fund’s subsidiary company, LPFI Limited.
This service is regulated by the Financial Conduct Authority and as such an automated Order Management System is required.
This procurement process will be competitive dialogue process in line with Public Contracts (Scotland) Regulations 31.
This contract has one lot. Bid if it suits your firm.
The City of Edinburgh Council (the Council) is the administering authority of Lothian Pension Fund (LPF).
LPF requires a new contract for an Order Management System (OMS). The OMS is an ongoing requirement to support the investment of LPF assets under internal management and the client assets under the management of LPF’s subsidiary company, LPFI Limited. Without the functionality of an OMS, LPF and LPFI are exposed to greater risk of trading errors, regulatory breaches and reduced efficiency, all of which may also impair investment performance.
LPFI provides investment management services to external clients. This service is regulated by the Financial Conduct Authority and the strong control environment and operational resilience required under this regulatory oversight increases the need for an automated Order Management System. The system must maintain availability based on a 24/7 working week.
The requirement will be for the supplier to be able to implement the new solution within 6 months of the contract award including connectivity to LPF's custodian, Northern Trust. Additional information: Failure to complete both the online SPD and the attached Selection Questionnaire may result in the bid being rejected as non-compliant.Value not published