Version 1.1, 16 September 2024

1.1 Our Commitment

TP ICAP is Committed to Equal Opportunity and the Prevention of Discrimination and Harassment

1.1.1. Promoting Equality and Diversity

The TP ICAP Group is committed to promoting Equality and Diversity, encouraging a culture that actively values difference. We recognise that employees from diverse backgrounds and experiences bring valuable insights to the work environment, enhancing our operations. TP ICAP’s goal is to create a positive, cohesive and inclusive culture, where diversity is valued, respected, and built upon. We aim to recruit and retain a diverse workforce that reflects the global markets in which we operate.

1.1.2. Prohibition Against Discrimination

TP ICAP is committed to ensuring that it does not directly or indirectly discriminate against employees, ex-employees, or candidates based on any protected characteristics - whether actual, perceived, or associative - or through personal relationships. We will not tolerate any unlawful discrimination by our employees, nor will we tolerate favouritism based on personal relationships (anti nepotism).

Prohibited Harassment

1.1.4. Ensuring a Harassment-Free Environment 

TP ICAP is also committed to respecting ensuring that the backgrounds, beliefs, and cultures of all its eEmployees are respected and to and ensuring that the working environment is free from discrimination, harassment, bullying or any other conduct which causes an Employee’s suffering. We are The Group also is committeddedicated to encouraging diversity amongst our its current workforce and candidates. 

Controls to Prevent Discrimination and Harassment

1.1.5. Protective Measures

TP ICAP operates a number of controls to protect employees from discrimination:

• We recognise that employees, ex-employees, or candidates subjected to discrimination, harassment or bullying are vulnerable and may be reluctant, or afraid, to raise the issue. We encourages anyone who believes they have been subjected to any form of discrimination, harassment, or bullying to report this to the local or regional HR function (for employees, in accordance with the local Grievance Policy).
  Similarly, any Employee who observes conduct which they believe, in good faith, would reasonably be regarded as discrimination, harassment, or bullying, is encouraged to report it to their local or regional HR function. 
• We appropriate training, development, and support to employees involved in line manager activities

For more information on harassment in the workplace, please visit the GOV.UK definition of harassment in the workplace.

Inclusion

1.1.6. Promoting Diversity and Inclusion

In addition to formal controls and processes TP ICAP is committed to promoting diversity and inclusion across the company. We have developed an employee-led networking forum called “Connect”, tasked with promoting and celebrating diversity across the company. This includes hosting events, co-ordinating training and development, and networking to ensure any employee, from any background, feels supported in the working environment.

 

Version 3.0, February 2024 

1.1 Introduction

Statement on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Sanctions.

TP ICAP is committed to:

• Not being used by criminals to launder the proceeds of crime or by terrorists or sanctioned individuals and entities;
• Protecting the integrity and stability of financial markets and national economies;
• Complying with applicable legislation and regulations that work towards maintaining the integrity and stability of financial markets and national economies;
• Helping combat terrorist financing;
• Preventing the facilitation of tax evasion;
• Fully adhering to international sanctions programs as issued by relevant authorities.  
   

2 AML/CTF Control Framework

The Group assesses the threat of being used in connection with money laundering, terrorist financing and/or the facilitation of relevant predicate offences.

To maintain an effective AML/CTF framework, the Group has established and maintains risk-based policies and procedures which:

a)    Recognise the money laundering/terrorist financing/facilitation of tax evasion threat to the Group varies across clients, jurisdictions, products and delivery channels;
b)    Allow management to differentiate between their clients in a way that matches the risk in their business; and
c)    Allow senior management to tailor the Group’s procedures, systems and controls, and arrangements in particular circumstances.
 

3 Sanctions Control Framework

The Group complies with applicable economic and financial sanctions laws, regulations, embargoes or restrictive measures. The Firm will not conduct business, maintain relationships with clients or engage in any transactions or dealings that could result in a violation of applicable Sanctions Laws, including activity that could constitute evasion or attempted circumvention of applicable Sanctions Laws.  

4 AML/CTF and Sanctions programme

TP ICAP applies the following controls to manage the risk of AML, CTF and Sanctions:

• AML and Sanctions Risk Assessment;
• Locally documented policies and procedures to implement the Global Policy, as well as local regulatory requirements;
• Client, Vendor and Employee screening to identify financial crime red flags and when identified, mitigating those risks;
• All clients are subjected to AML/KYC client due diligence prior to the provision of services and on an on-going basis thereafter;
• AML, CTF and Sanctions training;
• Financial Crime Management Information presented to relevant Governance Forums;
• Monitoring of business relationships, including client transactions for potentially suspicious activity, and
• Where required, filing a Suspicious Activity Report with the relevant law enforcement authority. 
   

5 Governance

TP ICAP’s Group AML/CTF and Sanctions Policy is approved by the relevant Governance Forum and applies to all TP ICAP’s businesses globally.

TP ICAP’s internal audit function carries out regular Anti-Financial Crime (AFC) audits which provide Senior Management with the necessary assurance regarding the operational effectiveness of the AFC Policies and the related systems and controls. 

TP ICAP, the world’s largest interdealer broker, has launched an innovative foreign exchange options platform, FXOhub. FXOhub represents a step-change in intuitive liquidity sourcing and trade execution on an industry leading FX Options platform.

FXOhub provides a single logon to the TP ICAP Order Book screen for ATM Straddles, Risk Reversals and Butterflies as well as a Request For Quote (RFQ) screen which shows the received specific interests for the day and associated liquidity. Customers connecting via API will benefit from the liquidity pools of both brands, where available. Front end users will also benefit from being able to view liquidity provided by both brands on a single screen.

Both platforms offer customers an API through which they can access TP ICAP’s market data. The RFQ platform also supports an electronic quoting API, while the Order Book supports an Order Management API for ATM Straddles, which will soon include Risk Reversals and Butterflies.

Paul Dunkley, Senior Managing Director of TP ICAP, said: “We constantly strive to provide our clients with the best possible service and FXOhub will do that. It is an industry leading platform which we are confident will be very popular due to its innovative features and intuitive ease of use.”

Front end users will benefit from being able to electronically execute in RFQ mid-pricing auctions on screen, as well as the ability to submit runs of orders on the Order Book on over 250 supported currency pairs. The Order Book allows users to enter their orders quickly and efficiently through multiple methods. Users can also aggress orders quickly on screen with a single mouse-click, or enter multiple passive orders whilst ensuring they are protected by using spot and/or time stipulations.

The new platform differentiates itself from the competition by offering a quick and easy view of each currency pair’s supported strategies through the “slide-out panels”. These offer users the ability to quickly view (and aggress) the RRs and FLYs associated with the ATM Straddle tiles which they are likely to want to keep in view at all times.

The platform is fully customisable so that each trader can design their own preferred setup through the use of the latest HTML5 technology on which it has been built.

Contacts:
William Baldwin-Charles, Media Relations Director
William.baldwin-charles@tpicap.com | +44 (0)20 7200 7124

Harriet Austerberry, Communications Manager
Harriet.Austerberry@tpicap.com | +44 (0)20 3933 3012

About TP ICAP
TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets.

Operating through our core businesses, Tullett Prebon, ICAP, PVM, Coex Partners, Tullett Prebon Information, ICAP Information Services and PVM Data Services, we create strong networks in person and through technology. We provide comprehensive analysis and insight into market conditions and long-term trends. We combine data, knowledge and intelligence into contextual insight and commercial guidance. By engaging with our clients, and providing innovative products and services, we enable our clients to transact with confidence, facilitating the flow of capital and commodities around the world, enhancing investment and contributing to economic growth.

Our values of honesty, integrity, respect and excellence underpin everything we do.

Dear Valued Client,

We have been keeping you informed about our Brexit contingency planning, which addresses the possibility of a Brexit either with no deal or with a deal.

Assuming that the withdrawal arrangements are effective, we expect to be able to continue to provide services as if the UK was still a member of the EU until the end of 2020.

Given that there is no equivalence decision which provides for continuity of services and that the process for concluding a trade arrangement is only just beginning, we will maintain our readiness for a hard Brexit in financial services at the end of 2020.

If anything above changes we will be in touch again to update you further on our plans.

Singapore, 11 December 2019 ICAP, part of TP ICAP group, the world’s largest interdealer broker, is today pleased to announce that it raised $6 million on its 27th annual global Charity Day, yesterday.

Celebrity ambassadors, including actor and singer William So, FLY Entertainment Artistes Constance Lau and Adele Wong, celebrity aesthetician Dr Georgia Lee, and actor and model Paul Foster attended ICAP Charity Day in Singapore on Tuesday; while celebrity guests including actor Bradley Cooper and baseball star Alex Rodriguez joined employees to raise money in New York yesterday. The global event took place across ICAP’s 27 global offices, with 100% of ICAP’s revenues and brokers’ commissions donated directly to charitable causes.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said:

 “I am delighted that this year’s ICAP Charity Day raised $6 million, bringing the total amount raised to approximately $190 million since the first Charity Day in 1993. The fantastic amount raised by our 27th annual Charity Day will make a significant difference to many great causes and initiatives around the world.

I would like to thank our customers, employees, suppliers and our celebrity guests for their dedication and goodwill on behalf of ICAP Charity Day.”

Five charitable organisations in Singapore benefited from ICAP Charity Day this year. A full list of the charities ICAP supported this year, as well as more information about how ICAP’s donations will make a difference, can be found at www.icapcharityday.com

- Ends -

Media contacts:
Bridget McArthur, Aspectus Group
E: Bridget.mcarthur@aspectusgroup.com
T: +44 (0) 207 092 8132

Notes to Editors:

2019 Singapore Charities supported by ICAP Charity Day

Down Syndrome Association (Singapore)

KKH Health Endowment Fund

Lions Home For The Elders

Society for the Prevention of Cruelty to Animals (SPCA)

The Singapore Repertory Theatre