Market Notice 2026.001.ISWAPUKMTF

The purpose of this Market Notice is to advise that the iSwap GBP Market Maker Programme has been renewed with effect 1Jan26 and will run till 31Dec26.  The terms remain unchanged.

iSwap UK MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook, Rate Card or iSwap GBP Market Maker Programme Rulebook.

Please direct any questions regarding this Market Notice to:

Email: i-swap@icap.com

Post:

iSwap Euro Ltd
TP ICAP Group plc
135 Bishopsgate
London
UK
EC2M 3TP

Please note that the rate card for Section 1.11: Rebalance FI - Optimisation Trading System Fees has been updated. The API discount of 50% has been extended to all venue participants trading investment grade and high yield bonds for another year. 

The venue has also introduced a new incentive scheme to reward the top participant in
volume traded across both investment grade and high yield bonds in emerging markets with a 25% discount.

The updated rate card takes effect from 1st January 2026.

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

Please note that the CEEMEA Government Bonds rate card for the TP UK OTF has been updated and takes effect from the 23rd December 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, 9 January 2026 - TP ICAP Group, a world-leading provider of market infrastructure, has agreed to acquire Vantage Capital Markets (Vantage), a global brokerage with significant presence in London, Hong Kong, Tokyo, and Dubai.

The acquisition, subject to regulatory approval, strengthens TP ICAP’s position in equity derivatives and fixed income, particularly across APAC markets, while enabling Vantage to leverage TP ICAP’s extensive US footprint. Vantage’s leadership team will remain in place, ensuring continuity and stability for clients.

Nicolas Breteau, CEO of TP ICAP Group, commented:

“We are delighted to welcome Vantage Capital Markets to the TP ICAP Group. This acquisition forms part of our targeted investment strategy to drive profitable growth, expand our global reach, and broaden our product offering. It strengthens our presence in key APAC markets across several asset classes and opens exciting opportunities in the US, where Vantage will be able to leverage our footprint to scale at pace. We look forward to working with Vantage’s talented team to deliver even greater value to our clients.”

Roderick Wurfbain, CEO of Vantage Capital Markets, added:

“Joining TP ICAP, the world’s leading IDB, marks an exciting new chapter for us. We are confident that, together, we will accelerate our growth – notably in the US – and continue to provide outstanding service to our clients worldwide.”

Completion of the transaction is subject to regulatory approvals and is expected to close in Q2 2026.

ENDS

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

Please note that effective from December 19th 2025, ICAP EU OTF Rate Card has been updated with details regarding rate changes for CEEMEA Government Bonds. For more information, please visit website:

ICAP EU OTF Venue Page

Capitalized 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 address:

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

London, 15 December 2025 - ICAP, part of TP ICAP Group, a world-leading financial services company, is pleased to announce that it raised £5.7 million on its 33rd annual global Charity Day, held yesterday.

A host of celebrity guests, including Stormzy, Keanu Reeves, Dame Emma Thompson, Orlando Bloom, Colin Farrell, Emma Bunton, and John Terry attended ICAP Charity Day in London and New York on Thursday, 11 December. The global event took place across every ICAP office worldwide, with 100% of ICAP’s revenues and its brokers’ commissions donated directly to a select group of charitable causes.

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

“I am thrilled that this year’s ICAP Charity Day raised £5.7 million, bringing the total amount raised to more than £175 million since its first edition in 1993. The money raised will make a meaningful difference to all the extraordinary charities we are so pleased to be able to work with.

Today’s fantastic total is only possible thanks to the ongoing support of our clients, colleagues, and our charity partners’ distinguished celebrity ambassadors. I appreciate enormously their goodwill and commitment, which make ICAP Charity Day a truly special event.”

ENDS

About 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 33rd year, ICAP Charity Day has raised more than £170 million to date, which has been donated to more than 3,100 charitable causes around the world, directly supporting more than 7.7 million people.

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 about the positive impact that ICAP Charity Day has made on the different projects which it has supported since its inception, together with additional background information can be found at: www.icapcharityday.com

About TP ICAP Group
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 OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries.

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

London, 9 December 2025 - ICAP, part of TP ICAP group, a world leading financial services company, is pleased to announce that its 33rd annual global Charity Day will be held on Thursday 11 December.

ICAP Charity Day raises money for charities across the globe each year, with 100% of ICAP’s revenues and its brokers’ commissions generated on one day donated to a variety of causes. Last year more than 100 different charitable organisations worldwide benefited.

Since it began as a pioneering fundraising initiative in 1993, through the support of its clients and brokers ICAP Charity Day has raised more than £170 million to date, which has been donated to more than 3,100 charitable causes around the world, directly supporting more than 7.7 million people.

In the UK, 20 charitable organisations are set to benefit this year. They will be joined by their celebrity ambassadors at ICAP’s offices in London, where they will help brokers close deals with clients, increasing volumes in the process.

Dame Joan Collins, DBE on behalf of Shooting Star Children’s Hospices; Dame Emma Thompson, DBE representing Helen Bamber Foundation; Ray Winstone on behalf of Blesma; John Terry representing Rays of Sunshine and Laura Whitmore on behalf of The King’s Trust are among the distinguished celebrity ambassadors who will be attending ICAP Charity Day in London this year.

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

“The charitable sector continues to operate in a highly challenging environment at a time of considerable ongoing global uncertainty. We are delighted to be supporting 20 charities in the UK and many more across the globe. Our focus remains on funding specific charitable projects that will make a material difference to the invaluable work of these extraordinary causes.

Now in its 33rd year, ICAP Charity Day has grown to be a colourful and iconic event in the charity and financial calendar. The enduring positive impact which ICAP Charity Day makes every single day to the causes we support gives enormous pleasure and pride to everyone in our firm.”

ENDS

About 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 33rd year, ICAP Charity Day has raised more than £170 million to date, which has been donated to more than 3,100 charitable causes around the world, directly supporting more than 7.7 million people.

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 about the positive impact that ICAP Charity Day has made on the different projects which it has supported since its inception, together with additional background information can be found at:

www.icapcharityday.com.

About TP ICAP Group

ICAP is a TP ICAP Group plc company.

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 OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries.

www.tpicap.com

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