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Please note that effective from August 1st 2025, ICAP EU OTF Rate Card has been updated with details regarding a new asset class. For more information, please visit website:
Capitalised terms used in this Market Notice shall have the meaning ascribed to them In the ICAP EU OTF Rulebook.
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ICAP EU OTF
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Please note that the rate card for the IOIR - Interest Rates Derivatives segment of the ICAP UK OTF has been updated to clarify the spread methodology for GBP Inflation. The updated rate card takes affect from 1st August 2025
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Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.
Please note that the rate card for Section 1.11: Rebalance FI - Optimisation Trading System Fees has been updated. The API discount of 50% has been extended to all venue participants trading investment grade and high yield bonds, while the order entry discount has been discontinued, effective from 1st August 2025.
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Market Notice 2025.004.ISWAPEUROMTFSEF
1 Aug 2025 07:30
The purpose of this Market Notice is to advise that an updated Ratecard has been made available on the Venue Page. The headline rates on the EU MTF/SEF Orderbook Market and the EU MTF Targeted Streaming Market remain unchanged.
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LONDON, 31 July, 2025 — Parameta Solutions, the data and analytics division of TP ICAP Group, announced today the availability of its trusted over-the-counter (OTC) pricing and liquidity data on Snowflake Marketplace. This collaboration will give financial institutions direct, frictionless access to the insights they need to manage risk, validate pricing, and meet regulatory demands with confidence -- directly through the Snowflake AI Data Cloud.
This collaboration empowers financial institutions with seamless, secure access to Parameta’s independent, high-integrity market data, enhancing workflows across liquidity risk modelling, pricing validation, and regulatory reporting. Now, financial institutions can access Parameta’s industry-leading data instantly -- no pipelines, no duplication, no friction.
Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions said:
“Our collaboration with Snowflake has deepened through consistent delivery of Parameta’s high-quality OTC data to their customers. Joining Snowflake Marketplace is more than a distribution move—it’s a step toward democratizing access to high-integrity OTC data. We’re removing barriers, accelerating insight, and helping our clients see what others can’t in opaque markets.”
Rinesh Patel, Global Head of Financial Services at Snowflake said:
“We’re hugely excited to bring Parameta Solutions to Snowflake Marketplace. Our collaboration enables our customers to seamlessly access high-quality OTC data and analytics to power key business critical processes from pricing strategies, risk management and regulatory obligations through our easy, connected and trusted platform.”
Parameta’s offering spans a wide range of global financial, energy, and commodity markets, covering asset classes such as:
Snowflake Marketplace helps companies expand what’s possible with data and AI through third-party data, apps, and AI products. With on-platform purchasing and immediate access to data products, Snowflake Marketplace lowers integration costs and streamlines procurement processes.
Discover how Parameta Solutions’ data can power your analytics—explore our offering on Snowflake Marketplace, today: Parameta Solutions | Snowflake Marketplace.
ENDS
About Parameta Solutions
Parameta Solutions is part of the TP ICAP Group and the exclusive provider of TP ICAP market data.
We are a leading financial technology company delivering market data, indices, and analytics that empower financial professionals globally.
www.parametasolutions.com
Media Contact
Tom Engleback | +44 7741231950 | TPICAP@greentarget.co.uk
Please note that the rate card has been updated and took effect from June 2025.
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Post: TP ICAP Markets Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom.
The firm drafts top talents to grow its Listed Derivatives offering across Continental Europe and into Equity Derivatives.
London, 16 July 2025 - Liquidnet, a leading technology-driven agency execution specialist, today announced two senior appointments to support the expansion of its Listed Derivatives business across Continental Europe and into Equity Derivatives. This move builds on Liquidnet’s existing Equities and Fixed Income capabilities and reflects growing demand from buy-side clients for multi-asset solutions delivered through a single, agency-focused platform.
Oliver Deutschmann has joined as Head of Equity Derivatives, EMEA. In this role, he will lead client acquisition across the region and oversee the deployment of Liquidnet’s Equity Derivatives capabilities in Europe, the Middle East and Africa. He will also support the expansion of the Listed Derivatives offering throughout Continental Europe. Deutschmann brings over 15 years of experience, most recently serving as Head of Equity Derivatives for Credit Suisse, where he led the redevelopment of the equities flow derivatives business in Germany and Austria. Prior to that, he held several senior roles, including Head of ETD Fixed Income Sales for Germany and Austria at UBS and Sales Trader at Commerzbank.
Oliver Deutschmann, Head of Equity Derivatives, EMEA at Liquidnet, commented:
“Establishing local teams in key European hubs enhances our ability to deliver a more tailored service offering to buy-side firms while deepening access to liquidity in the region. The move into Equity Derivatives is a natural next step in the evolution of our Listed Derivatives business, allowing us to bring our technology-led, buy-side focused model into new asset classes and unlock meaningful synergies across our network.”
Juan Ferrer Pons has also been appointed as Listed Derivatives Sales Trader, based in Madrid. He will focus on supporting Members in Continental Europe with tailored liquidity solutions, helping them navigate local markets and optimise execution across the region. Ferrer Pons spent the majority of his career at BBVA, where he held various trading roles across Funds of Hedge Funds (FoHF) and Equity Derivatives. Most recently, he served as Equity Derivatives Broker at TP ICAP, Liquidnet’s parent company.
ENDS
About Liquidnet
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet.
About TP ICAP Group plc
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.
Media Contact
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com
The firm taps Mark Turner, Hillary Budds and David Ramirez to support regional, high-touch and block trading expansion.
New York, 30 June 2025 - Liquidnet, a leading technology-driven agency execution specialist, today announced a series of key hires to accelerate the growth of its Equities franchise in the Americas. These appointments align with the firm’s strategy to expand regional capabilities, diversify execution channels and deepen client engagement.
They include Mark Turner as Co-Head of Equities Sales and Trading for the Americas, Hillary Budds as Head of US Crossing, and David Ramirez as a senior member of the High-Touch/Program Trading team. Collectively, the new hires bring decades of experience across agency, platform innovation and institutional sales.
Chris Jackson, Global Head of Equities at Liquidnet, said:
“This is an inflection point for our Equities business in the US. As client expectations evolve, we’re investing in talent and capabilities that allow us to meet those demands, whether that’s driving more value in block trading, strengthening our inter-regional offering or expanding high-touch and program trading. These appointments reflect the confidence we have in our strategy and our ambition to lead in the agency execution space.”
Turner, a 30-year industry veteran formerly with Instinet, will spearhead growth initiatives in high-touch and inter-regional trading. Budds brings deep expertise in block trading and venue strategy, having played a central role in growing BlockCross and later integrating it into Instinet. Ramirez, one of the top revenue generators on Instinet’s High Touch desk, rounds out the team with a track record of performance in both sales and trading.
Mark Turner, Co-Head of Equities Sales and Trading, Americas at Liquidnet, commented:
“Clients today are navigating increasingly complex markets and they’re looking for execution partners who can combine scale, insight, and flexibility. I believe Liquidnet is uniquely positioned to deliver on that and I’m looking forward to helping accelerate that journey.”
ENDS
About Liquidnet
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet.
About TP ICAP Group plc
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.
Media Contact
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com
Michael Fidance appointed as Head of CEEMEA Equities to drive growth across Central and Eastern Europe, the Middle East and Africa.
London, 8 July 2025 - Liquidnet, a leading technology-driven agency execution specialist, today announced the
appointment of Michael Fidance as Head of CEEMEA Equity Markets.
Based in London and reporting to James Whitehead, Head of Trade Coverage, EMEA, Fidance will be responsible for
accelerating the firm’s growth across Central and Eastern Europe, the Middle East and Africa. His mandate includes
expanding access to new markets and local liquidity, strengthening product and distribution, and deepening
engagement with both local and international asset managers.
James Whitehead, Head of Trade Coverage, EMEA, said:
“Michael brings extensive regional insight and a proven
track record in building client-focused businesses. His appointment reflects our ambitions to broaden our footprint
across CEEMEA equity markets, where our Members are increasingly looking for trusted execution partners who can
deliver scale, liquidity and local access.”
Fidance brings over 25 years of experience in global equity and fixed income markets. The bulk of Fidance’s career
to date has been at HSBC, where he held various senior roles in Sales and Trading across Emerging Market Equities.
Most recently, he served as Head of Sales for the newly established Execution Solutions business at State Street Global
Markets, a firm he joined following its acquisition of CF Global Trading. Before that, Fidance served as Head of Sales
for CF Global Trading in Europe, where he played a key role in preparing the firm for acquisition. He also held senior
roles at the European Bank for Reconstruction and Development (EBRD) and Merrill Lynch, bringing deep expertise
across emerging markets, execution strategy and client advisory.
Michael Fidance, Head of CEEMEA Equities Market, commented:
“In CEEMEA, tradeable liquidity is the single biggest variable affecting capital markets development, be it in asset allocation, index inclusion, or even in valuation. Liquidnet is a market leader in the equity space worldwide. With this mandate in Emerging Markets being built globally, I truly believe we will help change the trajectory of CEEMEA equities to grow stronger and bigger than ever before. "
ENDS
About Liquidnet
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet.
About TP ICAP Group plc
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.
Media Contact
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com
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