ICAP Securities OTF Rate card update

28 Feb 2018 00:00

ICAP Securities OTF Rate card update

Changes have been made to the ICAP Securities OTF rate card in relation to the Interest Rate Derivatives segment – MIC Code IOIR. The changes will be applicable from 1 March 2018.

• Rate change on SEK vanilla options
• Rate change on EUR exotic options
• Change to the calculation of brokerage on spread trades
• Rate change on EUR vanilla options discount structure

Please visit the ICAP Securities OTF venue page for more information.

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:

Email:

ICAP Securities OTF

Post:

ICAP Securities OTF
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP WCLK MTF trading hours

29 Mar 2018 00:00

ICAP WCLK MTF trading hours

The trading hours over the Easter period will be as follows:

Please visit the ICAP WCLK MTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP WCLK MTF

Post:

ICAP WCLK MTF
ICAP WCLK Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP Energy OTF public holiday trading hours update

03 May 2018 00:00

ICAP Energy OTF public holiday trading hours update

• A holiday calendar has been published detailing the opening hours during the upcoming bank holidays. Please see the venue website for full details.

Please visit the ICAP Energy OTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP Energy OTF

Post:

ICAP Energy OTF
ICAP Energy Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

03 May 2018 00:00

ICAP WCLK MTF public holiday trading hours update

• A holiday calendar has been published detailing the opening hours during the upcoming bank holidays. Please see the venue website for full details.

Please visit the ICAP WCLK MTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP WCLK MTF

Post:

ICAP WCLK MTF
ICAP WCLK Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

Updates to the ICAP WCLK MTF

12 Jul 2018 00:00

Updates to the ICAP WCLK MTF

Changes have been made to the ICAP WCLK MTF Rate Card as follows:

• Transaction Registration Fees will be waived until the end of December 2018.

Please visit the ICAP WCLK MTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP WCLK MTF

Post:

ICAP WCLK MTF
ICAP WCLK Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP Energy OTF Rulebook changes

06 Jun 2018 00:00

ICAP Energy OTF Rulebook changes

• LNG Swap and Gas Swap have been added to the ICAP Energy OTF Rulebook and ratecard.

http://www.icap.com/what-we-do/our-mifid-ii-venues/icap-energy-otf.aspx

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

Please direct any questions regarding this Market Notice to:

ICAP OTF Energy

Email 

icapenergyotfoperator@tpicap.com

Postal Address

ICAP OTF Energy
ICAP Energy Limited, 
2 Broadgate, London, 
EC2M 7UR,
United Kingdom

CAP Securities OTF rate card update

25 Apr 2018 00:00

ICAP Securities OTF rate card update         

• The following changes have been made to the EM Interest Rate Derivative Rate Card (1.13 IOIR):
  • RON IRD rate has been changed,
  • volume matching rates have been added to the RON and TRY IRD,
  • precisions have been added to the spreads and flys methodologies.
• Changes have been made to the volume discount scheme applicable to inflation derivatives and interest rate options in the Interest Rate Derivatives market segment (1.7 and 1.12 IOIR).             
• The following changes have been made to the Government Bonds Rate Card (1.25 IOGB):
  • the ILS GB rate has been changed,
  • precisions have been added to the spreads methodologies,
  • maturity has been corrected on the PLN GB rate card.
• ABS and CLO rates have been added to the Eurobonds rate card (1.28 IOFI).
• The Butler FX Derivative segment has been removed (IOFB).

Please visit the ICAP Securities OTF venue page for more information.

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:

Email:

ICAP Securities OTF

Post:

ICAP Securities OTF
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP Securities OTF public holiday trading hours update

03 May 2018 00:00

ICAP Securities OTF public holiday trading hours update

• A holiday calendar has been published detailing the opening hours during the upcoming bank holidays. Please see the venue website for full details.

Please visit the ICAP Securities OTF venue page for more information.

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:

Email:

ICAP Securities OTF

Post:

ICAP Securities OTF
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP WCLK MTF rate card update

02 Nov 2018 00:00

ICAP WCLK MTF rate card update 

Changes have been made to the ICAP WCLK MTF rate card as follows:

• A rate for a new RFQ electronic platform for cash equity has been added to the WCLK MTF rate card, effective 1 November (IMCE, 19)

Please visit the ICAP WCLK MTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP WCLK MTF

Post:

ICAP WCLK MTF
ICAP WCLK Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP Energy OTF Rule book update

30 Nov 2018 00:00

ICAP Energy OTF Rule book update

Changes have been made to the ICAP Energy OTF Rulebook as follows:

•  The following Swap Products have been added to the ICAP Energy OTF Rulebook and Rate Card:- Sugar, Soy, Wheat, Coffee, Cocoa & Corn.

Please visit the ICAP Energy OTF venue page for more information.

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

Please direct any questions regarding this Market Notice to:

Email:

ICAP Energy OTF

Post:

ICAP Energy OTF
ICAP Energy Limited, 
2 Broadgate, London, 
EC2M 7UR,
United Kingdom

CAP Securities OTF rate card update

14 Jun 2018 00:00

ICAP Securities OTF rate card update

• The following change, effective 15/06/2018, has been made to the GEMM GILT rate card (IOGI 1.20):
  ? The discount structure has been amended for the index linked products

• The ISDA FIX rate has been removed from the Interest Rate Options - Platform section (IOIR 1.12) as ISDA FIX trades are not applicable to Platform execution. The ISDA FIX rate has been corrected in the Interest Rate Options - Voice section (IOIR 1.11) at 1/3 of the vanilla brokerage rate as this rate card was still showing the old rate of standard Vanilla swap bro. This change is effective 01/06/2018 as per previous market notice.

http://www.icap.com/what-we-do/our-mifid-ii-venues/icap-securities-otf.aspx

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:

ICAP Securities OTF

Postal Address

ICAP Securities Limited, 
2 Broadgate, London, 
EC2M 7UR,
United Kingdom

ICAP Securities OTF update to GEMM Gilts no cancellation range - GEMM Gilts segment (MIC IOGI)

18 Jun 2018 00:00

ICAP Securities OTF update to GEMM Gilts no cancellation range - GEMM Gilts segment (MIC IOGI)

The ICAP GEMM Gilts desk has historically operated a no cancellation range policy. Further to the introduction of MIFID II in January 2018, the desk now operates within the ICAP Securities OTF.

As a reminder, the 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 19 June 2018.  

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.

http://www.icap.com/what-we-do/our-mifid-ii-venues/icap-securities-otf.aspx

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:

ICAP Securities OTF

Postal Address

ICAP Securities Limited, 
2 Broadgate, London, 
EC2M 7UR,
United Kingdom

ICAP Securities OTF Market Notice 2018.012.ISLOTF

29 Jun 2018 00:00

ICAP Securities OTF
Market Notice 2018.012.ISLOTF 

ICAP Securities OTF rate card update

• The following change, effective 01/07/2018, has been made to the Eurobond Rate Card (IOFI 1.28):
  ? The discount structure for High Yield bonds has been added.

• Whilst the RON FX voice and volume matching rates are the same, it was previously only detailed in the main EM FX rate card. For clarity therefore, the RON FX rate has been added to the EM FX forward volume matching platform dedicated rate card (IOFX 1.33). 

http://www.icap.com/what-we-do/our-mifid-ii-venues/icap-securities-otf.aspx

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:

ICAP Securities OTF

Postal Address

ICAP Securities Limited, 2 Broadgate,

London, EC2M 7UR, United Kingdom

ICAP Securities OTF Rate card update

09 Jul 2018 00:00

ICAP Securities OTF Rate card update

Changes have been made to the ICAP Securities OTF Rate card as follows:

The discount structure of the GEMM GILT rate card (IOGI, 1.20) has been amended, effective 01/07/2018.

• In addition to the existing discount where all Live trades benefit from the Volume Matching rates over £55,000 activity per month, all conventional Live and VM trades will benefit from a 90% discount on the Live trading headlines rates once the activity on GEMM GILTS is over £100,000 in any calendar month.

• Index Linked trades will benefit from a 90% discount on the Live trading headline rate after £20,000 monthly activity on that particular product.

Please visit the ICAP Securities OTF venue page for more information.

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:

Email:

ICAP Securities OTF

Post:

ICAP Securities OTF
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom

ICAP Securities OTF Fee Structures and Incentives update

28 Sep 2018 00:00

ICAP Securities OTF Fee Structures and Incentives update

• A volume discount scheme has been added on Index Exchange For Physical (“Index EFP”) (Equity Derivatives, 1.23) and is effective from 1 October 2018 for a 6 month period, unless otherwise communicated.
• The methodology for the volume discount structures on the segment Index EFP is as follows;
o Participant eligibility and obligation
The scheme is open to all Participants that access the Fusion platform via FIX connectivity for trading purposes, i.e. not just post trade services.
o Incentive Offered
A discount to the current standard brokerage rate will be offered for the following month depending on notional volume traded in the current month, i.e. the current month's volume sets the potential discounted brokerage rate which will be applicable for the following calendar month. The thresholds are;

Example: Assuming a Participant trades between £4bn - £5bn in the current month, its brokerage rate for the next calendar month will reset to 0.2 bps. The notional of the trade will be converted to a sterling equivalent using the ICAP monthly brokerage conversion rate.

Please visit the ICAP Securities OTF venue page for more information.

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP Securities OTF Rulebook or Fee Structures and Incentives document.
Please direct any questions regarding this Market Notice to:

Email:

ICAP Securities OTF

Post:

ICAP Securities OTF
ICAP Securities Limited, 
2 Broadgate, London, 
EC2M 7UR,
United Kingdom