Please note that the following documents have been updated to reflect the move of Matchbook ReBalance to the TP ICAP UK MTF operated by TP ICAP MTF LIMITED under the IMSB segment MIC, effective from 8th April 2024 :
- Product Specifications 
- Rate Card

For more information please visit: TP ICAP EU MTF Venue Page

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

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

Please note that the following documents have been updated to reflect the move of Rebalance to the IMSB segment, effective from 8th April 2024.

• Venue Rule Book - update to the market segment rules for corporate bonds and securitised debt
• Rate Card - update to the corporate bonds and securitised debt (IMSB) rate card 

For more information please visit: 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

Overview

TP ICAP is committed to being an employer of choice. Our inclusive culture attracts and retains the best
talent and enables everyone to flourish. This underpins the execution of our strategy, our ability to continue
to innovate and our relevance to our clients.

The Board embraces and seeks to promote diversity in its broadest sense, both in terms of its composition
and within the Group’s senior management and employee base as a whole. It sees diversity as the combination and interaction of people with different knowledge, skills, experience, backgrounds, and outlooks and believes that this inclusive culture creates significant value and leads to better decision-making and performance at all levels of the organisation.

The Board supports the better understanding of demographic representation data across the Group, as well as the adoption and disclosure of targets for building gender and ethnic diversity across FTSE company boards and senior management, including the recommendations set out in the FTSE Women Leaders Review (previously the Hampton-Alexander Review) on gender diversity and the Parker Review on ethnic diversity.
Following the Parker Review recommendations, the Board set a new target to increase ethnic minority representation in the Group’s senior management population from 13.3% to 15% by the end of 2027.

The Board is committed to ensuring that there is at least 40% female representation and at least one Director from an ethnic minority background (as detailed by the Parker Review) on the Board while recognising that during periods of transition, this composition may not, temporarily, be maintained.

Board and Board Committee appointments

The Nominations & Governance Committee (the “Committee”) regularly reviews the structure, size and composition of the Board, assessing the added value of having a balance of skills, knowledge, experience (including international experience), independence and diversity (including age, gender, social and ethnic backgrounds, and cognitive and personal strengths) on the Board when trying to achieve the Group’s strategic priorities.

When seeking to make a new appointment, we adopt a formal approach to Board searches, which includes insisting on the strong representation of under-represented groups on search firms’ long and shortlists and remaining conscious of any potential bias in the interview and selection process. Our primary focus is, of course to, identify an individual with the capability, expertise, and experience required to discharge the specific role, but we recognise that talent is demographic agnostic, and it is for us to help ensure that we select the best candidate on that basis.

The Board works with executive search firms who understand the Group’s values and approach to diversity, including this Board Diversity Policy, and will comply with those values and approach in identifying and proposing suitable candidate(s) for appointment to the Board.

Oversight of recruitment, development, and inclusion

The Board continues to encourage and oversee the output from a wide range of recruitment and people development policies and initiatives led by the executive and senior management team, which aim to grow the diversity of the Group’s talent pool and people development opportunities for all and embed an inclusive culture. While we can not lead such initiatives directly, our role as a Board is to monitor and challenge the impact they are having on the Group. As part of this oversight, we review and discuss the potential impact of policies from an inclusion point of view, but also from a success of the diversity, equity, and inclusion network activities across the Group.

In addition, a vital role of the Committee is to monitor and discuss with the CEO the career development and succession plans for senior management across the Group, including the barriers to progression for underrepresented groups. This enables us to promote the development of a strong and diverse pipeline for future executive leadership and Board positions. The responsibilities of the Committee are outlined in its Terms of Reference (available on the Group’s website). 

Review and Reporting

The Board is committed to the development of diversity, equity, and inclusion on the Board and among the Group’s employees. It will seek feedback on Board balance, including the balance of skills and experience, in its annual Board evaluation. It will keep the review and change of the Group’s people development, inclusion, and diversity programs firmly on the Board agenda. An account of the Board’s activities and progress against its objectives in these areas will be given in the Annual Report each year.

Approved by the TP ICAP Group plc Board on 7 March 2024. 

LONDON, 2 April 2024 — Based in both London and Singapore, the new team will be led by Jack Nathan, widely regarded as an industry leader and who joins from FIS to provide Tullett Prebon clients the opportunity to trade across these fast-growing asset classes. Jack will be supported by Po Wei in Singapore who joins from JP Morgan.

Tom Fox-Hughes, Commercial Manager, Energy & Commodities APAC for TP ICAP Group said, “In what is an exceptionally fast-evolving asset class, clients are seeking real expertise to help navigate markets. With demand for electric vehicles (EV) fluctuating, and the production of battery metals rising rapidly, clients have a growing need to manage price risk and exposure. Our new desk, and the experienced hires we have made to lead it, will help us grow liquidity and support customers worldwide as the global energy transition continues to advance.”

At the end of 2023, open interest in cobalt and lithium increased very significantly as EV sales wavered, alongside a surge in production for both metals. This is especially the case for lithium, whose mining production has grown 20-fold in the last 30 years[1]. Less well known, Molybdenum is an emerging battery metal that is predicted to play a key role in increasing batteries’ electrical power, energy storage capacity, recharging speed, and stability[2].
 

                                                                                  ENDS

[1] Lithium, Cobalt Open Interest Soars as Prices Plunge 

[2]  IMOA Blog

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 following changes have been made to the TP UK OTF Rate Card, effective 1 April, 2024:

-  Segment MIC TSCD for Financials has been updated;

- Change to the Volume Discount Threshold on EUR Inflation. 

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.

LONDON, 27 March 2024 — TP ICAP Group, a world-leading provider of market infrastructure and data-led solutions, today announced the appointment of Silvina Aldeco-Martinez as Chief Executive Officer of Parameta Solutions, the Group’s data and analytics division. She replaces Eric Sinclair, who steps up to become Chair of the Parameta business.

Aldeco-Martinez joins from PitchBook Data, a division of Morningstar, where she was a member of the executive team and CEO of Leveraged Commentary and Data (LCD). As CEO of LCD, she successfully led the sale of the business to Pitchbook/Morningstar. Prior to that, she performed a series of senior roles at S&P Global, having started her career at ABN Amro Securities. 

Nicolas Breteau, CEO of TP ICAP Group, said: “Over the last six years, Parameta Solutions has grown rapidly to be the world’s leading provider of OTC data. The business is now at the right scale and stage of maturity to take the next step in its growth story. Silvina is well qualified to lead and accelerate this growth. And with Eric moving to be Chair, the business and its stakeholders will continue to benefit from his deep industry knowledge and relationships.”
 

Silvina Aldeco-Martinez, CEO of Parameta Solutions, said: “I have been impressed by Parameta Solutions’ client base, the quality of our people and partners, and the exclusive access to a wealth of data that is so core to the fabric of wholesale markets. From this unique position of strength, I look forward to working with Eric and the team on further empowering our clients’ success through innovative solutions.” 

 

                                                                                  ENDS

About Parameta Solutions:
Parameta Solutions is the data & analytics division of TP ICAP Group. 
It is the world’s leading provider of OTC market data solutions, covering price discovery, risk management, capital optimisation, benchmark and indices, and pre- and post-trade analytics. 
www.parametasolutions.com    

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
H Advisers/Maitland | +44 207 379 5151 | tpicap-maitland@maitland.co.uk
 

Sydney, 19 March 2024: TP ICAP, a world-leading provider of market infrastructure, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm.

The acquisition is complementary to ICAP’s market-leading Australian Power and Gas brokerage business as well as giving clients access to the New Zealand Emissions Units (NZU) market. These are amongst the highest integrity units worldwide and sought after by global investors. 

Daniel Skipper, Aotearoa Energy’s founder, will continue to lead the company, which will carry on trading as Aotearoa Energy following completion of the acquisition. He will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand.

Kellee Campbell said, “This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients.”

Daniel Skipper, Aotearoa Energy said, “TP ICAP’s acquisition marks the next exciting chapter in Aotearoa Energy’s journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer.”

                                                                                  ENDS

About ICAP

Part of the TP ICAP Group, ICAP is a world-leading intermediary in the wholesale financial, energy and commodities markets. We facilitate and execute trades on behalf of the world’s pre-eminent financial institutions, ensuring efficient and liquid markets.  In the Energy and Commodities Markets, we serve a well-diversified client base comprising physical trading companies, producers, banks, and the buyside. We offer brokerage solutions across a broad range of asset classes, including base and precious metals, emission credits, crude oil and oil products, electricity, natural gas, coal, freight, and weather derivatives.

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:
 

TP ICAP

Tom Gilbert, Communications Director
+44 7741231950 
thomas.gilbert@tpicap.com

Maitland

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