Please note that the GEMM Gilts section of the TP UK OTF has been updated effective 26 February 2024 

The terms remain unchanged. 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 "Product specifications" document has been updated, specifically section IV) Liquidnet Debt Segment - 6. A : Matchbook Rebalance. 
For Investment Grades and High Yield products only, the following sentence will apply: "Trades are settled on matched principal basis with names given-up at post trade execution". 
The updated "Product Specifications" document takes effect from February 13th 2024. 

San Francisco, 1 February 2024: FalconX, the world's largest institutional digital asset prime broker and the first CFTC registered swap dealer, today announces a strategic partnership with Fusion Digital Assets, TP ICAP's FCA registered UK-based wholesale spot cryptoasset exchange.

The integration with Fusion Digital Assets provides FalconX with access to competitive pricing and liquidity from TP ICAP's wholesale clients within a robust and secure framework, combining FalconX's premier institutional crypto native franchise and institutional-grade custodial capabilities provided by Fidelity Digital AssetsSM with the extensive experience and established reputation of TP ICAP, a world-leading markets infrastructure and data solutions provider.

As the cryptoasset class continues to evolve, it is increasingly important for institutional digital asset prime brokers and their clients to interact with liquidity at venues and exchanges operated by major financial market infrastructure providers. This integration serves as a crucial bridge between the native cryptoasset ecosystem and traditional financial markets, enabling seamless transactions and fostering growth in the digital asset industry.

"Collaborating with Fusion Digital Assets is another significant step in our ongoing efforts to bridge traditional financial markets and the growing cryptoasset ecosystem," said Austin Reid, Global Head of Revenue and Business at FalconX. "This will enhance liquidity for our clients and foster an environment that propels growth and innovation in the digital asset industry. It underscores our commitment to providing secure, efficient, and seamless access to the global digital asset market for our clients."

"Bringing a player of FalconX's pedigree onto Fusion Digital Assets is another step forward in the growth of our exchange," said Tom Flanagan, Global Head of Execution and Liquidity Management at TP ICAP Digital Assets. "Our aim is to offer clients a unique liquidity experience in a secure environment. FalconX's integration and support of Fusion Digital Assets advances our aim. We look forward to extending our diversified liquidity to FalconX and their franchise."

                                                                                  ENDS

About FalconX

FalconX is the largest digital assets prime brokerage for the world's leading institutions and the first CFTC registered cryptocurrency swap dealer. We provide the most comprehensive access to global digital asset liquidity. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC,

Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.

About Fusion Digital Assets

Fusion Digital Assets combines TP ICAP's established expertise in operating venues and organising execution, with Fidelity Digital AssetsSM institutional-grade custodial capabilities, and diversified liquidity from TP ICAPs global client base. The venue currently supports trading in Bitcoin and Ether against USD. Going forward, it will expand the assets it supports in line with client demand. It will also add further custodians to develop a multi-custody model.

The venue's core elements include:

• Fusion – TP ICAP's proprietary, award-winning electronic platform – provides clients with a non-custodial cryptoasset exchange for order matching and trade execution; 
• Fidelity Digital AssetsSM, an industry-leading custodian, provides independent safe keeping of clients' inventories and settlement services through a segregated model; 
• An anonymous aggregation of streaming liquidity from worldleading market makers and uncorrelated liquidity from TP ICAP's global client base; and  
• Operated by TP ICAP E&C Limited and registered with the FCA as a cryptoasset exchange provider. 
   

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, across all major asset classes. Our broking services, data & analytics, and market intelligence are trusted by clients globally to help provide efficient and liquid markets. The Group operates from 60+ offices across 28 countries, employing 5,200 people, including 2,600 brokers. By revenue, TP ICAP ranks in the top five liquidity venues globally alongside CME, ICE, Deutsche Boerse and LSEG. www.tpicap.com

Media Contacts:
 

TP ICAP

Richard Newman, Group Head of Marketing and Communications
020 7200 7000
Richard.newman@tpicap.com

Maitland

H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global

Notes to Editors:

Background Information on ICAP Charity Day

ICAP Charity Day was founded in 1993 to grow the firm’s charitable giving programme. It represents a pioneering fundraising initiative that has made a significant and lasting positive impact worldwide. Now in its 31st year, ICAP Charity Day has raised more than £160 million to date, which has been donated to more than 2,900 charitable causes around the world.

Made possible through ICAP’s position at the heart of global markets, the company and our brokers together give 100% of one day’s revenue to a select group of charities globally, guaranteeing a material donation to fund specific projects and initiatives. 

More information about the difference the projects ICAP Charity Day has supported since its inception has made, together with additional information on its impact can be found at: www.icapcharityday.com.

About TP ICAP Group

ICAP is a TP ICAP Group plc company. TP ICAP Group plc is a world leading financial services company. As a professional intermediary, we connect buyers and sellers in wholesale financial, energy, and commodities markets. Annually, we complete more than 5 million deals with a notional value of more than £217 trillion. By adding value across the full lifecycle of a trade, we help enable efficient and liquid markets, essential ingredients for a healthy global economy. 
 

Rate Card updated to take into account Fee changes on Rebalance FI. Effective February 1st 2024.

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:
tpicapeumtfoperator@tpicap.com

Please note that the rate card for segment MIC IOCD - Credit has been updated, specifically section 1.19 EM Credit Default Swaps. The updated rate card takes effect from 26 January 2024.

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.