ICAP Securities OTF update to GEMM Gilts no cancellation range - GEMM Gilts segment (MIC IOGI)
23 Nov 2020 18:00
The GEMM Gilts no cancellation range - GEMM Gilts segment (MIC IOGI) has been updated.
As a reminder, the ICAP GEMM Gilts no cancellation range is formed of defined parameters above or below a price set at the Operator’s discretion, within which a Transaction subject to a cancellation request will stand. The ICAP Securities OTF will use third party mid prices as the basis for the determination of the no cancellation range.
The following no cancellation ranges (as may be amended and published by the Operator from time to time) are effective as of 23 November 2020.
If a Transaction is entered into within the no cancellation range and is the subject of a cancellation request, the Transaction will stand and the counterparties shall be bound by the terms of the relevant Transaction.
Notwithstanding anything contained within this Market Notice, any Error Trades may continue to be determined as such by the Operator in accordance with the ICAP Securities OTF Error Trades Policy.
https://regulatory.tpicap.com/icap/uk/icapsecuritiesotf
Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Securities OTF Rulebook.
Please direct any questions regarding this Market Notice to:
ICAP Securities OTF
Email:
Postal Address
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
