TCG is Developing Financial IT Tools for the SEC

October 3, 2018

The Securities and Exchange Commission issued several Qualitative Research and Analytical Data Support (QRADS) indefinite delivery, indefinite quantity (IDIQ) contracts to TCG. The company, ​an information technology solutions and advisory services provider based in Washington, D.C., is now supporting four lines of business at the SEC—classified as Channels 2,3,4 and 5—according to recent company statements. TCG is one company out of several that received work under the multi-award IDIQs, with other winners on each channel.

In one award, a $4.2 million contract, TCG will provide analytical methods and support to the SEC's Division of Economic and Risk Analysis (DERA) under the QRADS Channel 5 IDIQ. The Channel 5 IDIQ has one base year and four option years. TCG will assist SEC economists and provide technical expertise in developing text analytics capabilities, including the creation of project-specific computer programming that will process data sets using modern econometrics methods, statistical modeling techniques, machine learning and statistical processes. In addition to analyzing and interpreting statistical data, TCG will compute supporting metrics as well as produce and maintain models or other analytical products. 

Under the $5.6 million QRADS Channel 4 IDIQ, TCG will provide analytical reports and data analysis to DERA. TCG will assist SEC economists, statisticians, researchers and other users by developing reports and processing econometric and statistical data sets. In addition to producing and maintaining models, the company will prepare web-based communications and provide documentation for analytical projects, data set design and implementation, data governance and other operations and maintenance needs.

For the $7.4 million QRADS Channel 2 IDIQ effort, TCG will provide analytical tools to DERA, including the development and implementation of analytical software to support the SEC's research and reporting, investigations and examinations. Under that contract, TCG will design applications, develop software prototypes, perform system integration and user testing, submit the software for incorporation in SEC’s production environments and maintain the tools. That IDIQ also has a base year and four option years. 

"The company was selected by the SEC based on its significant experience helping government clients use iterative development technologies to develop tools that are capable of analyzing large amounts of financial data," a TCG official said.

In June, the SEC awarded ​TCG a $26.4million contract to provide database maintenance and development support to DERA under the QRADS Channel 3 IDIQ, the company reported. Under that effort, TCG will provide: (1) enterprise analysis, analytical software, tools, dashboards, reports and analytical data support to SEC customers; (2) increase the SEC’s capacity to provide quantitative reports and analytical solutions based on methods and models developed by financial economists; (3) provide data services to enable quick turnaround of high-quality datasets for analytical purposes across the Commission; (4) develop and maintain expert knowledge-base for key data sets; (5) develop and maintain technical and analytical documentation for tools such as the Consolidated Audit Trail (CAT) and the Office of Research and Data Services Information Delivery System (OIDS), reports, and data sets; (6) increase enterprise support for text analytics; and (7) provide other analytical services to SEC customers as needed.

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