(1) Vendor needs to provide web–based financial market data and analysis tool. • Ability to calculate the real–time and historical fair value of non–traded fixed income instruments and over the counter • Ability to extract financial market news and financial information related to exchange rates (including currencies of developing and emerging nations), interest rates, bond curves, commodities prices, credit ratings and corporate actions • Solution must provide real time and historical information and data. • Ability to perform sensitivity analysis when calculating the fair value of traded securities, such as fixed income, and non–traded derivatives by modifying key inputs such as payment frequencies, bond curves or volatility information • Solution must provide English and French user interfaces. • Ability to export data (individually or in bulk) into a format that can be imported into Microsoft Excel. • Solution should have a search engine to facilitate searching of data across the solution's databases or functionalities • Able to price exotic derivatives such as digital options, rainbow options, variance, and volatility swaps • Solution must not require plug–ins or add–ons to the Microsoft Office Suite or Microsoft Outlook. • Solution should be third party hosted or a cloud solution (software as a service), or on premise (stand–alone), or a combination of both.