Market Notice 2020.003.ISWAPMTF

19 Mar 2020 12:00

Market Making Agreement clauses 5.1.2 & 6.0 Suspension due to Exceptional Circumstances.

Due to the current Coronavirus situation, and associated high levels of underlying market volatility, the iSwap MTF venue operator under the terms of clause 6 of the agreement is suspending obligations on Market Makers to provide pricing to the iSwap MTF. 
This suspension is effective from 19/03/2020, applies for the full month of March, and remains in place until further notice. 
Once the exceptional circumstances have ceased and as soon as technically possible the venue operator will notify participants of the date that normal market making obligations will resume.

iSwap MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap MTF Rulebook, Trade Execution Fee Card or iSwap Market Maker Programme Rulebook.

Please direct any questions regarding this Market Notice to:

Email:  i-swap@icap.com 

Post:

iSwap Euro Ltd,
2nd Floor,
155 Bishopsgate,
London
EC2M 3TQ