We would like to remind you of an important update regarding the Trade Venue Transaction Identification Code (TVTIC) for Securities transactions executed on TP ICAP venues as per our previous market notice on 3rd December 2025.

From the end of January 2026, we are updating the TVTIC field for all transactions in Securities with a new standardised format across TP ICAP venues. For transactions in Securities contracts, the TP ICAP TVTIC will be constructed by the following fields:

Trade Date + System ID + Segment MIC + TradelinkID: e.g.20251117300TSGI000000000003039215V0

TP ICAP Solutions Delivery will be contacting clients’ Technology teams who connect to our proprietary post trade service Post:Marker to discuss the impact and testing schedule. They will also provide assistance to clients who wish to validate the changes made by the third-party vendors (e.g. Bloomberg) who supply post trade services. Any questions you may have can be directed to the Solutions Delivery team.

The respective updates to the format of the Securities TVTIC are scheduled to be released into production on the 31st January 2026, post any year-end change freezes.

As a reminder, following the EMIR Refit changes implemented in April 2024, for transactions in Derivative contracts, the TP ICAP TVTIC is constructed by the following fields (Global UTI):

LEI of the generating entity + unique code: e.g. 213800R54EFFINMY1P0220251118031100000000000008476111

For any queries relating to TP ICAP’s changes for Securities TVTIC, please reach out to the respective teams:

TP ICAP Venue Governance Contact: ukvenuegovernance@tpicap.com and/or euvenuegovernance@tpicap.com 

TP ICAP Solutions Delivery Team: solutionsdeliveryemea@tpicap.com

Please note that the following incentive schemes have been renewed on the ICAP UK OTF for the period of 1st January - 31st December 2026. 

• Erepo Access fee
• Rebalance Fixed income Optimization Trading System Fee

A new incentive scheme for Emerging Markets Rebalance has also been introduced and takes effect from January 1st for a period of one year.

For more information on these schemes, please refer to the relevant sections of the venue rate card.

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

Post: TP ICAP MTF Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note that the following incentive schemes have been renewed on the TP UK OTF for the period of 1st January - 31st December 2026. 

• CEEMEA Credit Default Swaps
• EUR & GBP Interest Rate Options and inflation swaps
• GEMM Gilts

For further information regarding the schemes, please refer to the relevant sections of the venue rate card.

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom

Please note that the following incentive schemes have been renewed on the ICAP UK OTF for the period of 1st January - 31st December 2026. 

• CDS Index Volume Discount Scheme
• Equity Index Exchange for Physical Discount Scheme
• EUR & GBP Inflation - Volume Matching Platform Volume Discount
• Interest Rate Options - EUR/GBP Vanilla & Exotic Interest rate options
• CEEMEA CDS volume discount

For further information regarding the schemes, please refer to the relevant sections of the venue rate card.

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.