Please note that the rate card for TP UK OTF Venue has been updated to to include the following;

• .GEMM Gilt - TSGI rate card
• Changes to the Financials CDS rate card

For more information, please visit the TP UK OTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the TP UK OTF Rulebook or Fee Structure and Incentives document.

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.

TP ICAP EU MTF

New Segments MICs - LNEQ, LNFI and TPEE have been added onto a venue, effective 1st of May. FOR MORE INFORMATION PLEASE VISIT WEBSITE:

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:

TP ICAP EU MTF

Post:

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

Please note that effective from May 1st the name of the Tullett Prebon Europe OTF will change to TP ICAP E&C OTF. In addition, the name of the Venue Operator will also change from Tullett Prebon (Europe) Limited to TP ICAP E&C Limited. As a result of the name change, the following documents have been updated on the venue page:

• Execution and Order handling policy
• Rulebook
• Rate card (TEGI Segment MIC has also been removed)
• Terms of Business
• TPE OTF – Irish Power (SEM) CFD – Seller Protocol and Auction Rules
• Position Reporting Schedule

Email: venuequeries@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note that effective from May 1st the name of the Venue Operator of the Tullett Prebon Europe MTF will change to TP ICAP E&C Limited. As a result of the name change, the following documents have been updated on the venue page:

• Execution and Order handling policy
• Rulebook
• Terms of Business

For more information please visit: Tullett Prebon Europe MTF Venue Page

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

Please direct any questions regarding this Market Notice to:

Email: venuequeries@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note that ICAP WCLK ltd, venue operator, changes its name to TP ICAP MTF Limited, effective 1st of May 2023.

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

26th April, 2023 – London and New York

Global index revenues increased 5.9% in 2022, totaling a record $5.33 billion, according to a benchmark study published by Burton-Taylor International Consulting, part of TP ICAP’s Parameta Solutions division. The new study provides a comprehensive analysis of the index industry with detailed reviews of leading index providers, including FTSE Russell, S&P Dow Jones Indices, MSCI, Nasdaq, STOXX, Bloomberg, Alerian, Intercontinental Exchange, Solactive, Morningstar, CRSP and SIX.

Index industry revenues increased across all revenue segments in 2022, with asset-based fees rising 12.8% annually over the last five years, representing 49% of total and subscription fee revenues.  The remaining index revenues comprise non-recurring transaction revenue and revenue from index licensing for use with derivatives, OTC contracts, and structured products. Higher AUM in ETPs drove growth for most providers, specifically those generating the most revenues from asset-based fees. 

Key findings in the study include:

• FTSE Russell, S&P Dow Jones Indices, and MSCI account for more than 2/3rds of total index revenue.  
• Assets under management in ETFs declined slightly by 4.6% to $9.552 trillion.
• Investments continue to flow into ESG and similar thematic funds, but traditional equity indices still capture 2 of every 3 dollars earned by providers.

“Targeted indices, led largely by sustainable themes related to ESG, capitalize on investors’ desire for exposure to more specific slices of the market and will continue to have a positive impact on index industry revenues,” said Robert Iati, Managing Director at Burton-Taylor. “However, turbulent markets that characterize the current environment are likely to slow the growth of inflows to indexes as investors seek more specific, defined investments to beat, rather than track, the market,” he added.  

You can purchase the full 86-page Burton-Taylor Index Global Share & Segment Sizing 2022 – Global Market Drivers, Global Market Share 2018-22, Key Competitors, Global Segment Sizing 2018-22 by visiting: Global Exchange & Index | Burton Taylor (tpicap.com) or by contacting orders@burton-taylor.com, +1 646 201-4152.

                                                                                   ENDS

About Burton-Taylor International Consulting (www.tpicap.com/burtontaylor)

Burton-Taylor International Consulting, part of TP ICAP group, is the recognized leader in information industry market research, strategy, and business consulting.  Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR, and Market Data share figures are seen as industry benchmark standard globally. For further information see www.burton-taylor.com.

About TP ICAP Group plc:

• TP ICAP connects buyers and sellers in global financial, energy and commodities markets. It is 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 around the world.
• Its Global Broking division is the largest inter-dealer broker in the world.
• TP ICAP operates from more than 60 offices across 28 countries, supporting brokers with award-winning and market-leading technology.
• Fusion is TP ICAP’s award-winning electronic platform. It gives clients access to the aggregated liquidity of TP ICAP’s global brands. It offers a single sign on that connects the client to multiple products, across multiple asset classes.

Media Contact:

Burton Taylor International Consulting

Robert Iati

robertiati@burton-taylor.com

+1 646 868-0619