TP ICAP UK OTF
The TP ICAP UK OTF is a trading venue operated by TP ICAP Broking Limited and permitted to trade Credit Derivatives, Equity Derivatives, FX Derivatives, Government Bonds, Corporate Bonds, Interest Rate Derivatives and Money Market Instruments.
Operator Information
TP ICAP Broking Limited
LEI: 549300BMVW85YF9FGN67
TP ICAP Broking Limited
135 Bishopsgate
London
EC2M 3TP
United Kingdom
Products
The TP ICAP UK OTF offers the following products:
Entity: TP ICAP Broking Limited
Venue Name: TP ICAP UK OTF
Venue type: OTF
Operating MIC: IOTF
.
Segment MIC | Description | Asset Class | Products |
|---|---|---|---|
| IOIR | TP ICAP UK OTF - Interest Rate Derivatives | Interest Rate Derivatives | Constant Maturity Swap (CMS), Fixed/Floating Interest Rate Swap, Constant Maturity Swap Option FRA, Inflation Option, Inflation Swap, Overnight Index Swap (OIS) Interest Rate Option, IRO Midcurves ,Interest Rate Guarantees Interest Rate Swap Options, Spread Option, Bond Option, Single Payment Swap Zero Coupon Swap, Single Ccy Basis Swap, Clearing House Basis (CCP Basis) Base Rate Swap, OIS / Base Rate Swap, Cross CCY Basis Swap – mark (&non mark_ to market (XCCY Basis), CMS FRA, Bermudan Option, Quanto Option, Forward Swaption, Swaptions |
| IOMM | TP ICAP UK OTF - Money Market Instruments | Money Market Instruments | UK Treasury Bill Primary Certificates of Deposit Secondary Certificates of Deposit Traded Paper Commercial Paper Repo |
| IOFX | TP ICAP UK OTF - FX Derivatives | FX Derivatives | FX DerivativesFX Forward FX Non-Deliverable Forwards |
| IOCD | TP ICAP UK OTF - Credit Derivatives | Credit Derivatives | CDS Index CDS Single Name Corporate CDS Single Name Sovereign |
| IOGI | TP ICAP UK OTF - Gilts | Government Bonds (UK Gilts) | Government Bonds (UK Gilts) Inflation bonds, Index-Linked bonds |
| IOED | TP ICAP UK OTF - Equity Derivatives | Equity Derivatives | Equity Swaps Options Forward (OTC) |
| IOGB | TP ICAP UK OTF - Government Bonds (ex Gilts) | Government Bonds | Government Bonds Inflation bonds |
| IOFI | TP ICAP UK OTF - Corporate Bonds & Securitised Debt | Corporate Bonds & Securitised Debt | Corporate Bond Covered Bonds Floating Rate Note (FRN) SSAs |
| ILCM | Louis Capital Markets UK | Government Bonds & Corporate Bonds | |
| TSGI | TP UK OTF Gilts | Government Bonds | Conventional Gilt Index-Linked Gilt |
| TSGB | TP UK OTF Government Bonds (ex Gilts) | Government Bonds | Government Bonds (Nominal bonds) Government Bonds (Inflation bonds) |
| TSFI | TP UK OTF Corporate Bonds & Securitised Debt | Corporate Bonds & Securitised Debt | Corporate Bond Covered Bonds Government Bonds (when traded as part of a Package) Insurance Linked Derivatives Public Bond (as defined in MiFID II RTS 2, Annex III Table 2.2) Other Bonds including SSAs, ABS and FRNs (as defined in MiFID II RTS 2, Annex III Table 2.2) |
| TSED | TP UK OTF Equity Derivatives | Equity Derivatives | Equity Swaps, Options |
| TSCD | TP UK OTF Credit Derivatives | Credit Derivatives | CDS Index CDS Single Name Corporate CDS Single Name Sovereign |
| TSIR | TP UK OTF Interest Rate Derivatives | Interest Rate Derivatives | Interest Rate Swap *on certain currencies only |
Rule Book, Policies and Rate Card
The documents are available to download below. Should you encounter an error please ensure that you have the appropriate PDF reader software installed. If you continue to experience difficulties with opening one of our PDF downloads then please contact us at ukvenuegovernance@tpicap.com
Previous versions of the venue's Rate Card can be provided upon a legitimate request.
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Venue Operating Hours
Market Operating Hours per Trading Venue
Time Zone: UK Time
| Trading Venue | Venue Opening | Venue Closing | Administrative Close |
| TP ICAP UK OTF* | 06:00 | 18:30 | 19:00 |
Venue will be closed on January 1st, December 25th and all week-end days
* Open / closing time in winter is 1 hour earlier for certain desks
PII Data
Market Notices - TP ICAP UK OTF
ICAP UK OTF
31 Jul 2026
Market Notice 2026.007 - TP ICAP UK OTF
Please note that the rates for the IOIR segment in section 1.26 on the TP ICAP UK OTF have been updated and take effect from 1st August 2026.
Please direct any questions regarding this Market Notice to:
Email: ukvenuegovernance@tpicap.com
Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.
