Please note that the rate card for Section1.23:erepo Platform Access Fee of the Money Markets Segment (IMMM) has been updated and takes effect from 16 February 2026. 

TP ICAP UK MTF Venue Page

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

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

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

Please note that effective from February 16th 2026, TP ICAP EU MTF Rate Card has been updated to modify Term Repo Variable rate schedule.

FOR MORE INFORMATION PLEASE VISIT WEBSITE:

TP ICAP EU MTF

Capitalized terms used in this Market Notice shall have the meaning ascribed to them In the TP ICAP EU MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email:
TP ICAP EU MTF

Postal address:

TP ICAP (Europe) S.A.,
42 rue Washington
75008 Paris
France

NEW YORK, 11 February 2026 - TP ICAP Group has introduced TP ICAP Fusion Structured Products Trading Systems, an Alternative Trading System (“ATS”) electronic secondary market trading of structured products in the United States. 

The platform addresses liquidity fragmentation by providing a centralized order book, real-time RFQs, available market prices and firm offerings for issuer banks, distributors, wholesalers RIAs, and broker-dealers servicing institutional clients. 

Fusion Structured Products delivers:

• Market Visibility: Live aggregated view of RFQs for subscribers and available pricing.
• Enhanced Liquidity: Multiple sources in a single electronic marketplace.
• Anonymous Execution:  Transact with confidentiality.
• Functionality: Detailed reporting, and audit trail capabilities.

Robert Romano, Head of Structured Products, Americas, commented: "Fusion Structured Products enhances the secondary market by introducing an electronic trading environment, streamlining operations for the industry and enabling market participants to access new trading opportunities. This innovation aligns with broader market trends toward electronification and regulatory demands for transparency.”

The full name of the Alternative Trading System is TP ICAP Fusion Structured Products Trading Systems.

ENDS

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 liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com

Media Contacts: 
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com

Please note that the rate card for the IOIR - Interest Rate Derivatives Segment of the ICAP UK OTF has been updated and takes effect from 9th February 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.

Please note that the rate card for Section1.23:erepo Platform Access Fee of the Money Markets Segment (IMMM) has been updated and takes effect from 01 February 2026. 

TP ICAP UK MTF Venue Page

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

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

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

Market Notice 2026.001.ISWAPEUROMTFSEF

2 Feb 2026 07:30

The purpose of this Market Notice is to advise that an updated Ratecard has been made available on the Venue Page.  The headline rates on the EU MTF/SEF Orderbook Market and the EU MTF Targeted Streaming Market remain unchanged.

iSwap EU MTF / SEF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook, Rate Card or iSwap Market Maker Programme 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

Please note that effective from February 1st 2026, TP ICAP EU MTF Rate Card has been updated to modify Term Repo brokerage fees.

FOR MORE INFORMATION PLEASE VISIT WEBSITE:

TP ICAP EU MTF

Capitalised terms used in this Market Notice shall have the meaning ascribed to them In the TP ICAP EU MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email:
TP ICAP EU MTF

Postal address:

TP ICAP (Europe) S.A.,
42 rue Washington
75008 Paris
France

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g. 20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g.20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com 

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com