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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:
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:
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:
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:
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
ICAP Securities OTF rate card updates
03 Jan 2019 00:00
ICAP Securities OTF rate card updates
The incentive schemes for the GEMM GILT (IOGI), CDS index (IOCD), Interest rates products (Inflation and Interest Rates Options - IOIR) have been renewed for one year effective 01/01/2019.
The incentive scheme for the Corporate bonds – Eurobonds – High Yield has stopped on 31/12/2018.
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 rate card updates
29 Jan 2019 00:00
ICAP Securities OTF rate card updates
The presentation of the Index EFP rate card on the Equity Derivative segment (IOED) has been amended to gain in clarity. For example, instead of one line to cover “all other Sector indices”, the rate card list all the Sector indices executed on the ISL OTF and their associated rates.
Some of the Mid Cap index rates have been changed to reflect the current market liquidity.
A new rate card for EM Sovereign CDS has been added (IOCD). The existing rate card for EM CDS continues to apply but for EM Corporates CDS only.
Those updated rates are effective 01/02/2019.
https://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 Energy OTF Rulebook.
Please direct any questions regarding this Market Notice to:
Email:
Post:
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
iSwap EURO MTF Regulator Authorisation
05 Apr 2019 00:00
iSwap EURO MTF Regulator Authorisation
This notice is to inform iSwap Euro MTF users that the venue has now received regulatory approval from the Dutch Authority for Financial Markets (AFM) for the operation of the iSwap Euro MTF.
https://www.icap.com/what-we-do/our-mifid-ii-venues/i-swap-mtf.aspx
Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Euro MTF Rulebook.
Please direct any questions regarding this Market Notice to:
Email:
Post:
iSwap Euro Ltd,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
iSwap MTF Market Maker Programme
11 Feb 2019 00:00
iSwap MTF Market Maker Programme
The iSwap Market Maker Programme is being established to encourage liquidity in the trading of the Programme Instruments on the Order Book.
Full details of the Programme can be found in the iSwap Market Maker Programme Rulebook which can be found on the iSwap trading venue web pages https://www.icap.com/what-we-do/our-mifid-ii-venues/i-swap-mtf.aspx
Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap MTF Rulebook, Trade Execution Fee Card or iSwap Market Maker Programme Rulebook.
Please direct any questions regarding this Market Notice to:
Email:
Post:
iSwap Euro Ltd,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
ICAP Energy OTF Technical Issues
04 Mar 2019 00:00
ICAP Energy OTF Technical Issues
Technical Issues
Due to technical issues you may have difficulty contacting the Amsterdam office of ICAP Energy Ltd. Clients are being notified directly but please refer back to the Market Notice pages for further updates while the IT team fix the issue.
Please contact ICAPEnergyOTFOperator@tpicap.com if you have any specific questions.
https://www.icap.com/what-we-do/our-mifid-ii-venues/icap-energy-otf.aspx
Please direct any questions regarding this Market Notice to:
Email:
Post:
ICAP Energy Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
ICAP Securities OTF rate card updates
15 Feb 2019 00:00
ICAP Securities OTF rate card updates
The GEMM GILT rate card (IOGI 1.20) for the following have been updated effective 18 February 2019.
• Deliverable Basis trades on Voice & Hybrid order book.
• Index Linked Trades Headline Rates
Please see link below for details.
https://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:
Email:
Post:
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
Update to ICAP WCLK MTF
22 Feb 2019 00:00
Update to ICAP WCLK MTF
Venue Name Change Notification
The ICAP WCLK MTF will be changing its Venue name to TP ICAP UK MTF from the start of business 25th February 2019
This is a Venue name change only, the Venue Operator will remain the same and all existing regulatory reporting codes, LEI and Operating MIC’s will remain in place.
The existing web address will remain active are redirect to the new web address
http://www.icap.com/what-we-do/our-mifid-ii-venues/icap-wclk-mtf.aspx
The new web address will become active from start of business on 25th February 2019
http://www.icap.com/what-we-do/our-mifid-ii-venues/tp-icap-uk-mtf.aspx
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:
Post:
TP ICAP UK MTF
ICAP WCLK Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
ICAP Energy OTF Technical Issues
06 Mar 2019 00:00
ICAP Energy OTF Technical Issues
Technical Issues
The technical issues which began on 04/03/2019 have been resolved. If you experience any difficulties contacting the Amsterdam office of ICAP Energy Ltd please contact
Please contact ICAPEnergyOTFOperator@tpicap.com if you have any specific questions.
https://www.icap.com/what-we-do/our-mifid-ii-venues/icap-energy-otf.aspx
Please direct any questions regarding this Market Notice to:
Email:
Post:
ICAP Energy Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
ICAP Securities OTF rate card updates
15 Mar 2019 00:00
ICAP Securities OTF rate card updates
The GEMM GILT rate card (IOGI 1.20) has been updated effective 18 March 2019.
Please see link below for details.
https://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:
Email:
Post:
ICAP Securities Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
ICAP Energy OTF Rulebook Changes
02 Apr 2019 00:00
ICAP Energy OTF Rulebook Changes
A new version of the rulebook published following an annual review. No rules have been changed and updates were limited to structural or cosmetic changes.
https://www.icap.com/what-we-do/our-mifid-ii-venues/icap-energy-otf.aspx
Please direct any questions regarding this Market Notice to:
Email:
Post:
ICAP Energy Limited,
2 Broadgate, London,
EC2M 7UR,
United Kingdom
