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.iswapeuropebv.com/

- email: customer.support@iswapeuropebvrope.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

LONDON, 7 October 2025 - Parameta Solutions, the data and analytics division of TP ICAP Group, announced today the launch of a new family of EUR & USD Swap Rate fixing indices built on market-leading data from ICAP’s Interest Rate desks. These indices represent the mid-rate of interest rate swaps across multiple tenors, delivering a transparent new trusted benchmark for market participants. 

This launch marks a bold expansion to Parameta Solutions' growing Index franchise, which already spans Interest rates, Inflation and Energy and Commodities. Our mission is simple, to deliver independent and transparent benchmarks and indices that investors and asset managers can trust for financial products, performance measurement, or risk management. 

The development of these swap rate indices follows pervasive demand from market participants for high-integrity benchmarks in OTC market. Parameta Solutions has licensed these indices to Societe Generale, who will use them in Structured Products issuance for the French market.

"Transparency is the cornerstone of healthy markets. Our Swap Rate Indices are a decisive step in our mission to democratize access to OTC markets. We are proud to welcome Societe Generale as an anchor client, and look forward to working with them and expanding our index offering to meet the needs of a growing global client base."
Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions 

"We are delighted to partner with Parameta Solutions to be the first issuer to license this family of swap rate indices. Structured products linked to interest rates have been growing strongly for nearly three years, benefiting from the new long-term interest rate regime. The vast majority of these products are capital guaranteed, offering diversification both in terms of investment universe and risk profile. They are ideally suited to the life insurance format and to investors looking for other solutions alongside euro-denominated funds. We believe this partnership with Parameta Solutions will strengthen our ability to offer innovative and reliable solutions to our clients." 
Laurent Besnainou, Head of Global Markets Sales for France at Société Générale

ENDS

About Parameta Solutions 
Parameta Solutions is part of the TP ICAP Group and the exclusive provider of TP ICAP market data.  We are a leading financial technology company delivering market data, indices, and analytics that empower financial professionals globally.   
www.parametasolutions.com  

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

Media Contact     
Thomas Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com

Please note that the TSCD Credit segment of the TP UK OTF rate card has been updated and takes effect from the 2nd October 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 - Credit Segment of the ICAP UK OTF has been updated and takes effect from 30th September 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.

Exclusive, real-time pricing from PVM, ICAP, and TP - delivering transparency and control to OTC oil markets, your way.  

LONDON, 1 October 2025 - Parameta Solutions, the data and analytics division of TP ICAP Group, today announced the launch of its enhanced real-time OTC oil market data service, built to give customers a faster, clearer view of global OTC oil markets.

Because most physical and forward oil trading takes place over the counter, transparency is limited and the market remains fragmented. This new service delivers live, broker-sourced pricing from PVM and ICAP with data from TP to follow later this month, making Parameta the only provider with data from three of the world’s largest oil brokers.

“In fast-moving markets, real-time data isn’t a luxury, it’s a necessity. We built this service to help clients move faster and make better decisions - powered by real-time, broker-sourced data, all in one place,” said Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions. 

Built for Speed. Designed for Precision.

Parameta’s real-time service was originally built to solve a long-standing challenge for OTC oil traders: fragmented, delayed, and siloed data. Now, we’ve turned that challenge into an advantage - structuring the data and licensing it for broader use. Trading platform developers, data scientists, quants, and risk managers can now access information once locked away, so they can build smarter models, enhance platforms, and make faster, better decisions. With a unified, real-time view, these professionals can now harness the speed, precision, and depth they need to build smarter models, enhance platforms, and make faster, more informed decisions.

“This launch marks a major step forward in bringing greater transparency to the OTC oil markets - something the industry has long needed,” said Andrew Polydor, Chairman, Energy & Commodities, TP ICAP.  “By leveraging the deep expertise of our brokers and the scale of our global energy business, we’re helping market participants access real-time, trusted pricing that reflects true market activity.”

Across the Barrel, Across the Globe: Real-Time Oil Data, Delivered Your Way

Parameta’s real-time oil market data delivers live, broker-sourced mid-prices covering the full barrel - spanning crude, light ends, middle distillates, fuel oil, LPG - sourced from 100+ brokers across 17+ desks in London, Singapore, and Dubai.  With multiple validation layers and flexible delivery options, customers can gain instant access to trusted pricing insights through channels they already use streaming via WebSocket, SURFIX, Marketfeed, and EMD; and snapshots via sFTP, S3, Azure, and Snowflake.

Also available via Fusion Insights: TP ICAP’s Flagship Intelligence Platform

This real-time data is also live within Fusion Insights, TP ICAP’s flagship data intelligence platform, designed to empower financial institutions with real-time, actionable insights across oil markets. By integrating Parameta’s broker-sourced pricing into a single, intuitive interface, Fusion Insights enables users to visualize market trends, monitor volatility, and make informed decisions with speed and precision. 

With this launch, Parameta Solutions strengthens its position as the go-to source for real-time OTC oil market intelligence, helping clients stay ahead of volatility and seize opportunities in opaque OTC oil markets.  

ENDS

About Parameta Solutions 
Parameta Solutions is part of the TP ICAP Group and the exclusive provider of TP ICAP market data.  We are a leading financial technology company delivering market data, indices, and analytics that empower financial professionals globally.   
www.parametasolutions.com   

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

Media Contact     
Thomas Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com

LONDON, 26 September 2025 – TP ICAP Group, a world-leading provider of market infrastructure, has once again been named “World’s Best FX Broker” by Euromoney – marking the second consecutive year the Group has won this accolade. 

Operating through its client-facing brands ICAP and Tullett Prebon, TP ICAP was recognised for its technical innovation in FX markets and its consistent ability to deliver exceptional client service, particularly in times of heightened market volatility.

Andrew Berry, Senior Managing Director said: 

“Winning this award once was an outstanding achievement. Retaining it in a year marked by some of the most challenging markets our clients have faced in a decade is a true testament to the dedication and expertise of our brokers and support teams. I’m especially pleased that our continued investment in technology, particularly our Fusion platform, has been highlighted by the judges.”

This latest recognition adds to a strong year of industry awards success for TP ICAP. In September, the Group was named the “Global IDB of the Year” by Global Capital. Earlier in the year, ICAP was named “Commodity Broker of the Year” at the 2025 Energy Risk Awards, which recognise excellence across global commodities markets.

ENDS

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

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

Please note that effective from September 29th 2025, ICAP EU OTF Rate Card has been updated with details regarding a rate change for SSA and Covered EUR Bonds. For more information, please visit website:

ICAP EU OTF Venue Page

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

Please direct any questions regarding this Market Notice to:

Email:
ICAP EU OTF

Postal adress:

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

PARIS, 23 September 2025 – TP ICAP Europe (TPIE), filiale de TP ICAP Group plc, un fournisseur d'infrastructures de marchés financiers de premier plan, a le plaisir d'annoncer la nomination de Laurent Garret en tant qu'administrateur non exécutif indépendant, à compter du 1er septembre 2025.

Cette nomination est une étape clé dans le renforcement de la gouvernance et de la supervision stratégique de TP ICAP Europe et fait suite à la nomination en juin de cette année de Lorraine Sereyjol-Garros en tant que Directrice Générale de TPIE et Responsable de l'Europe Continentale. Laurent Garret apporte une carrière distinguée de plus de trente ans au sein d'institutions financières internationales, incluant des rôles de haute direction dans de grandes banques. Son vaste réseau et son expérience seront inestimables pour soutenir la croissance et l'excellence opérationnelle de TPIE. 

Sébastien Rozès, Président de TPIE et Directeur Général de TP ICAP EMEA: 

« Laurent Garret est une figure très respectée et expérimentée dans le secteur financier, et sa nomination témoigne de notre engagement à renforcer la gouvernance de TPIE. Sa profonde expertise et sa perspicacité seront un atout majeur alors que nous continuons de grandir et de naviguer dans la complexité du marché européen. »

"Diplômé de l'Université Paris-Dauphine, Laurent Garret a occupé des postes à responsabilité à Francfort, Londres et Paris au sein de la Banque Indosuez, de la Deutsche Bank, d'ABN Amro et de la Royal Bank of Scotland, où il a exercé les fonctions de Head of Markets, France. En 2015, il a rejoint la Banque privée Neuflize OBC, où il occupe le poste de Président du Directoire depuis 2017. Il préside également le Conseil d'Administration de Neuflize Vie."

FIN

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

À propos de TP ICAP Group plc.
Par l'intermédiaire de nos collaborateurs et de notre technologie, TP ICAP connecte les acheteurs et les vendeurs sur les marchés mondiaux des produits financiers, de l'énergie et des matières premières. Nous sommes un leader mondial dans la fourniture de liquidité OTC et de solutions de données, avec un portefeuille de marques de premier plan telles qu'ICAP, Tullett Prebon, PVM, Liquidnet et Parameta Solutions. Ces activités offrent des services de courtage, des données et des analyses, ainsi que de l'intelligence de marché auxquels nos clients du monde entier font confiance. Nous opérons dans plus de 60 bureaux répartis dans 28 pays. www.tpicap.com 

SINGAPORE, 22 September 2025 – ICAP Energy & Commodities has been named Weather House of the Year at the 2025 Energy Risk Asia Awards, recognising its leadership and innovation in weather derivatives across the Asia-Pacific region.

This accolade highlights ICAP’s continued excellence in delivering tailored weather risk solutions to clients across Australia, New Zealand, and beyond. The award reflects the firm’s deep market expertise, commitment to client service, and its ability to navigate complex climate-linked exposures with precision and agility.

"We’re incredibly proud to be recognised as Weather House of the Year. This award is a testament to the dedication of our team and the trust our clients place in us to help manage weather-related risks in increasingly volatile markets," said Kellee Campbell, Divisional Director – Energy & Commodities, Australia & New Zealand, and Head of Global Weather Derivatives."As climate dynamics continue to reshape the energy landscape, ICAP remains committed to delivering innovative solutions that empower our clients to stay ahead."

The win follows ICAP’s broader success at the 2025 Energy Risk Awards, where it was also named Commodity Broker of the Year, underscoring its strength across multiple asset classes.

ENDS

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

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

Please note that the rate card for the IOCD - Credit segment of the ICAP UK OTF has been updated to include Exotic Credit Index Tranches and Crossover CDS Tranches. The new rate card takes effect from 18th September 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 the IOIR - Interest Rates Derivatives segment of the ICAP UK OTF has been updated and takes effect from 15th September 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 TSCD Credit segment of the TP UK OTF rate card has been updated and takes effect from 15 September 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

LONDON, 12 September 2025 – TP ICAP Group, a world-leading provider of market infrastructure, has retained its title as Global Capital’s “Global Interdealer Broker of the Year”. 

Operating through its client-facing brands ICAP and Tullett Prebon, TP ICAP was once again recognised for its consistent delivery of exceptional client service and technical innovation across multiple asset classes in the world’s financial markets.

Commenting on the win, Dan Fields, CEO of TP ICAP’s Global Broking division, said, 

“This is the second year that ICAP, Tullett Prebon, and TP ICAP Group have been honoured with this award. It’s a testament to the trust our clients place in us and the dedication of our teams worldwide.
Amidst a year of exceptional volatility, our commitment to client service and reliable execution, coupled with our innovative Fusion platform, has given clients the confidence to manage their risk and positions with us when it matters most.”

As well as winning the Global award, TP ICAP was also named the "Americas" and "EMEA & APAC" IDB of the Year. Earlier this year, ICAP was named “Commodity Broker of the Year” at Energy Risk’s prestigious Best Commodity Broker rankings.

ENDS

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

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

The agency broker partners with a panel of four market makers, including XTX Markets, to expand access to bilateral liquidity in Europe.

London, 9 September 2025 - Liquidnet, a leading technology-driven agency execution specialist, today announced the launch of a new trading solution designed to support European buy-side traders in accessing bilateral liquidity  more effectively. The initiative integrates access to bilateral liquidity from Liquidnet’s front-end application and  through the firm’s liquidity-seeking algorithmic suite, providing a consolidated and controlled route to interact with  leading liquidity providers.

The launch is supported by partnerships with multiple market makers, including XTX Markets, with additional participants expected to join in the near future. Access via Liquidnet’s infrastructure, though not in the Liquidnet MTF, will allow Members to preserve execution quality, anonymity, and workflow efficiency.

Bilateral liquidity has become an increasingly important component of European equity trading, now accounting for close to 50% of total market volumes according to Liquidnet’s recent Liquidity Landscape report. Yet, access remains  fragmented and opaque. This initiative aims to provide a streamlined and transparent solution for navigating this space.

Gareth Exton, Head of Execution and Quantitative Services, EMEA, at Liquidnet said: 

“The growth of bilateral trading is reshaping how liquidity is accessed in Europe. Our role is to support our Members in responding to these structural changes. By integrating bilateral liquidity into both our front-end application and liquidity seeking algo suite, we’re giving our Members the tools to access meaningful liquidity with confidence and control whilst helping the market making community to extend their reach and better control their risk.”

The new solution includes:

• A new service to allow configurability for both buy-side traders and liquidity providers;
• Mid-price and touch executions via Liquidnet’s liquidity seeking algos and front-end application;
• Anonymous access to aggregated liquidity streams, with configurability for tiered and Member-specific 
  feeds;
• Execution consulting services to help Members determine optimal liquidity sources and timing;
• Monitoring and analytics to track fill rates, information leakage and venue provider performance.
   

This development aligns with Liquidnet’s broader strategy to innovate in execution capabilities that help industry participants solve complex liquidity challenges, and complements recent investments in its proprietary algorithmic platform.

                                                                                  ENDS

About Liquidnet    
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet. 

About TP ICAP Group plc   
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.   

Media Contact 
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com