1 Oct 2021 14:00

This Market Notice details the Venues approach regarding the ISDA Interest Rate Derivatives Definitions from 4 October 2021

The iSwap EU MTF/SEF CLOBs operate on a mandatorily cleared, anonymous and “void ab initio” basis. Therefore:

• All Interest Rate Derivative Instruments available on our CLOBs will be available to place orders and trade by default against ISDA 2021 Definitions.  We do not intend to create duplicate instruments as the market consensus is that they are economically similar and fungible
• When matching a pair of orders, the trade will be executed and processed by default under the 2021 Definitions
• To accommodate clients that are currently unable to process trades under the 2021 Definitions, iSwap Euro BV will continue support for 2006 Definitions for those clients when submitting trades to Markitwire.

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook and associated documentation.

Please direct any questions regarding this Market Notice to:

Email: i-swap@icap.com

Post: 

iSwap Euro B.V. 
Vijzelstraat 68 unit 109, 
1017HL Amsterdam
The Netherlands

TP ICAP, the leading provider of financial market services, is pleased to announce that Philip Price, Executive Director, TP ICAP Group plc, has been appointed to the new National Numeracy Leadership Council.

Philip will join representatives from HM Treasury and senior executives from the UK’s leading businesses in an effort to help improve the nation’s numeracy. The Council will be led by Andy Haldane, CEO of the RSA and former Bank of England Chief Economist.

The Council intends to grow the network of organisations and individuals actively addressing the issue of poor numeracy and elevate the understanding and importance of the issue at a national level. The Council and its member organisations will also help support people to improve and use their numeracy by creating positive attitudes to numbers and maths, supporting financial wellbeing, increasing access to sustainable careers and, ultimately, stimulating productivity across the entire workforce.

Currently, half the working age population in the UK has the numeracy levels of a primary school child, putting the UK significantly behind other developed countries and is estimated to cost the country £25 billion a year.

Philip Price said: “Numeracy matters – for individuals, for families and for society overall. That’s why TP ICAP is proud to have supported National Numeracy since 2018 and we’re excited to join this new Leadership Council. Because engaging people to improve their numeracy skills and build their confidence is a critical part of fostering social mobility.”

TP ICAP is a strategic partner of National Numeracy and supports its work across communities, workplaces and the within the wider culture to help millions of people transform their lives.

For more information on the National Numeracy Leadership Council please visit the National Numeracy website: www.nationalnumeracy.org.uk

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capital brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Data & Analytics: the largest OTC data provider in the world operating predominantly under the Parameta Solutions brand offering unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions. 

         www.tpicap.com

Media Contact
TP ICAP
William Baldwin-Charles
E: William.Baldwin-Charles@tpicap.com

ICAP EU OTF - RATE CARD UPDATE

RATE CARD updated with effect from August 20th 2021. FOR MORE INFORMATION PLEASE VISIT WEBSITE:

ICAP EU OTF Venue Page

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP EU OTF

Post:

TP ICAP (Europe) S.A.,
89 - 91 Rue du Faubourg Saint-Honoré, 
75008,  
Paris, France

The Credit Segment (TSCD 1.27) TP - CDS, single name financials has been updated, effective 1st September 2021.