Market Information Data Analytics System (MIDAS)
ID: 503102-23-C-0021Type: Justification
AwardedJan 2, 2023
Award #:503102-23-C-0021
Overview

Buyer

SECURITIES AND EXCHANGE COMMISSIONSECURITIES AND EXCHANGE COMMISSIONSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, DC, 20549, USA

PSC

IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SOFTWARE AS A SERVICE (DA10)

Original Source

https://sam.gov/opp/36f77410c00b4652ba8dcea292cca401/view
Timeline
    Description

    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.

    Point(s) of Contact
    John Ramsey
    ramseyj@sec.gov
    Ross Saxton
    saxtonr@sec.gov
    Files
    Title
    Posted
    Justification and Approval - MIDAS 2023-2.pdf
    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.
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