Awarded ContractJustification

Market Information Data Analytics System (MIDAS)

SECURITIES AND EXCHANGE COMMISSION 503102-23-C-0021
Response Deadline
Days Remaining
Until deadline
Set-Aside
Full & Open
Notice Type
Justification

Contract Opportunity Analysis

The U.S. Securities and Exchange Commission (SEC) is planning to award a sole-source contract to MayStreet Inc. for the development of the Market Information Data Analytics System (MIDAS). This system is essential for the SEC's mission to collect and analyze real-time and historical market data across various financial instruments, including equities, options, futures, and cryptocurrencies, with microsecond-level precision. MIDAS will serve as a highly performant, cloud-based data science platform, providing critical capabilities for market data analysis, program management, and cloud connectivity, which are vital for effective market oversight and regulation. For further inquiries, interested parties can contact John Ramsey at ramseyj@sec.gov or Ross Saxton at saxtonr@sec.gov.

Classification Codes

PSC Code
DA10
IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SOFTWARE AS A SERVICE

Solicitation Documents

1 Files
Justification and Approval - MIDAS 2023-2.pdf
PDF168 KBAug 5, 2025
AI Summary
The U.S. Securities and Exchange Commission (SEC) plans to award a sole-source contract to MayStreet Inc. for a Market Information Data Analytics System (MIDAS). This system is crucial for collecting and analyzing real-time and historical market data, including equities, options, futures, and cryptocurrency, with microsecond-level precision. MIDAS must provide a highly performant, cloud-based data science platform with capabilities for market data, analytical tools, compute/storage, program management, and cloud connectivity. The SEC conducted extensive market research, including RFIs and a special notice on SAM.gov, but no other vendor could meet the stringent requirements for historical data retention and existing feed handler infrastructure with precise timestamping. MayStreet is identified as the only source capable of fulfilling the SEC's critical mission needs for market oversight and regulation.

Related Contract Opportunities

Project Timeline

postedOriginal Solicitation PostedJan 12, 2023
awardAwardJan 2, 2023

Agency Information

Department
SECURITIES AND EXCHANGE COMMISSION
Sub-Tier
SECURITIES AND EXCHANGE COMMISSION
Office
SECURITIES AND EXCHANGE COMMISSION

Point of Contact

Name
John Ramsey

Place of Performance

New York, NY
ZIP: 10001

Official Sources