TULLET PREBON EU OTF - RATE CARD UPDATE

RATE CARD UPDATED TO NEW FORMAT WITH EFFECT FROM OCTOBER 1ST 2023. FOR MORE INFORMATION PLEASE VISIT WEBSITE:

Tullett Prebon EU OTF Venue Page

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

Please direct any questions regarding this Market Notice to:

Email:
TULLETT PREBON EU OTF

Post:

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

The purpose of this Market Notice is to advise that TP ICAP has undertaken a review of its screens and seeks to notify stakeholders that ICAPZAR Reset rate will cease publication from 31 December 2023.

This decision has been taken in light of a review of our wider publications and suitability of reference rates.

This communication provided by TP ICAP plc and/or one of its group companies (“TP ICAP”) is for informational purposes only. All representations and warranties are expressly disclaimed. In no circumstances will TP ICAP be liable for any indirect or direct loss, or consequential loss or damages including without limitation, loss of business or profits arising from the use of, any inability to use, or any inaccuracy in the information contained in this communication.

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For further information, please visit us at:

www.icap.com

Or contact us on:

EMEA: +44 (0)207 200 7000 

ICAP Interdealer Broker (IDB)

ICAP is a leading markets operator and provider of post trade risk mitigation and information services.

TP ICAP Group plc (TP ICAP), a world-leading provider of market infrastructure, today announced a record trading day on its eRepo order book. On 7 September 2023, the platform reported £100bn of volume traded in one day. 

eRepo is a fully electronic order book, designed to help market participants manage the high volume demands of the European repo market. The platform has grown significantly over the last 12 months. September month-to-date average daily volume (ADV) is up 180% compared to September ADV in 2022, driven by major participants signing up to eRepo’s competitive Fixed Rate fee schedule. 

Nichola Hunter, Global Head of Fixed Income Sales and Trading at TP ICAP said: “We are proud of achieving this milestone, which we believe demonstrates two things: One, that eRepo has firmly positioned itself as the alternate execution venue for UK Gilts and European Government debt. And two, that the market needs two viable and liquid order books. With one, the market has no redundancy; and with more than two, we risk fragmentation and a poor liquidity experience.” 

In the coming months, eRepo plans to roll out a new web-based front end via TP ICAP’s award-winning Fusion platform. This will introduce new feature functionality, along with improved navigation and deployment capabilities.

                                                                                  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.
 

Media Contacts:

Richard Newman | +44 7469039307 | richard.newman@tpicap.com

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