Please note that Terms of Business has been updated. 

Please note that Terms of Business has been updated.

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom

Please note that Terms of Business has been updated.

Please note that Terms of Business has been updated. 

Please direct any questions regarding this Market Notice to:

Email: sefexecution.specialists@us.icap.com

Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.

Please note that Terms of Business has been updated. 

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Please note that the rate card for the IOIR - Interest Rates Derivatives segment of the ICAP UK OTF has been updated. Starting 1st July 2025, the first GBP IOTA trade of the day during the morning Volume Match run on the Inflation Volume Matching Platform will have zero brokerage on both sides.

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Please note that the TSCD Credit segment of the TP UK OTF rate card has been updated to include clarifying language regarding the discount structure for Credit Default Swaps, and takes effect from 19 June 2025. 

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom

Please note that the rate card for the IOCD - EM Credit Default Swaps segment of the ICAP UK OTF has been updated with clarifying language for the discount structure, and takes effect from 19 June, 2025.

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Notice on fraudulent activity linked to iSwap Euro b.v.

iSwap Euro B.V., part of the TP ICAP Group, has been made aware of fraudsters using details (address, telephone and licence numbers) and purporting to be individuals of the firm in phishing attempts on individuals in Italy and potentially other jurisdictions within Europe.

Clone Site Details
The current ‘clone firm’ activity is linked to fraudsters using the following incorrect details as part of their tactics to scam people:
- website: https://www.iswapeu.com/
- email: support@Iswapeu.com
- tel: +442037699204

Correct Details for iSwap
- website: https://regulatory.tpicap.com/icap/uk/iswapmtf   
- email: please refer to your iSwap contact
- iSwap MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: i-swap@icap.com 
Post: 
iSwap Euro B.V. 
Vijzelstraat 68 unit 109, 
1017HL, 
Amsterdam

NICE, 16 June 2025 – TP ICAP Group plc, a leading global provider of market infrastructure, today announced its appointment as the exclusive distribution partner for the first-ever Mediterranean Blue Carbon Credits, unveiled at the third United Nations Ocean Conference (UNOC-3). The credits are issued by the ELYX Foundation, a French environmental NGO supported by the United Nations, and certified by the French Government.

This groundbreaking initiative, endorsed by the French Ministry for Ecological Transition, Biodiversity, Forests, the Sea and Fisheries, along with regional and maritime authorities, marks a major milestone in the evolution of impact finance and marine conservation.

The credits are generated through the ELYX Foundation’s project to protect and restore Posidonia seagrass meadows in the French Mediterranean. These underwater meadows are vital carbon sinks, essential for mitigating climate change, preserving marine biodiversity, and shielding coastlines from erosion. However, they are increasingly threatened by recreational boat anchoring and other human activities.

Over 32,000 Blue Carbon Credits—representing the protection of 6,500 hectares of Posidonia—have been certified and brought to market. The French Ministry for Europe and Foreign Affairs (MEAE) will be the first purchaser, underscoring the government’s commitment to pioneering climate solutions.

Pierre-Alexandre Moussa, Head of Climate, Impact and Sustainable Investment Solutions at TP ICAP, commented:

“The certification of the first Mediterranean Blue Carbon Credits by the French Government is a transformative moment for impact finance in Europe. We are proud to bring our expertise to this initiative, which blends scientific integrity, technological innovation, and measurable environmental benefits.

This project exemplifies how the financial sector can foster new models of public-private collaboration to address climate challenges. It also reinforces our commitment to advancing the UN Sustainable Development Goals and accelerating the transition to a low-carbon economy.”

ENDS

PRESS CONTACT
•    TP ICAP
Tom GILBERT | +44 7741231950 | thomas.gilbert@tpicap.com
•    H/Advisors Havas Paris
Alexandre SÉHIER | +33 6 07 03 65 33 | alexandre.sehier-vilmart@havas.com

ABOUT TP ICAP GROUP PLC 
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries. www.tpicap.com

TP UK OTF Market Notice:

We wish to inform you of the publication of an updated version of the TP UK OTF Rulebook.

Key Updates:

1. The following new Rules have been added:
2. The Market Segment Rules have been removed from the main Rulebook and are now available upon request from the Operator.

Rule 6

Rule 7

Rule 10.1.3

Rule 10.3

Rule 10.4

Rule 11

Rule 17.2

Rule 31.3

Rule 33.4

Rule 34

Rule 35.4

Rule 38.1.2

Rule 38.1.3

Rule 38.1.4

Rule 38.1.5

Rule 38.1.6

Rule 42.4

Rule 45.2

Rule 46.3

Rule 48.4.4

For further information or any queries regarding these changes, please contact:

📧 tpsotfoperator@tpicap.com