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MiFID II – Rate Card-Public

Non Display Application Licence Charges - Per Venue List Prices-Non Vendor Access

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API Access / Application

Usage (Machine Readable)

• Prices listed are for single site.

• Multi site attracts a multiple

of two.

• Website single user access we

are not charging any fee for

real time data

VENUES

USD/per month

Pre-trade Real

Time

USD/per month

Post Trade

Real Time

USD/per

month

Tick History

USD/per month

Tullett Prebon Europe (OTF) 4,001 5,334 3,734

Tullett Prebon Europe (MTF) 1,733 2,310 1,617

Tullett Prebon Securities (OTF) 3,274 4,366 3,056

Tullett Prebon Securities (Institutional

Client OTF) 1,525 2,033 1,423

Tullett Prebon Securities (MTF) 1,202 1,602 1,122

PVM Oil Futures OTF 2,194 2,925 2,048

i-Swap N/A 8,925 3,570

ICAP Energy Ltd OTF 1,511 2,015 1,410

ICAP Global Derivatives MTF 1,209 1,613 1,129

WCLK MTF 3,527 4,703 3,292

ICAP Securities OTF 3,608 4,811 3,368

Non Display Application Licence Charges for Source Data from TP/ICAP

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Venues USD/per month

Non Display

Application

List Price(25%

bulk discount

license applied)

Liquidity

Threshold

Discount

Tick History

Tullett Prebon

Venues 20,535 15401 8,214

ICAP Venues 23942 17956 9,577

PVM Venue (no bulk

discount on single

venue) 5,119 3839 2048

All 48,316 36,237 19,326

Note:

Due to the Liquidity threshold changes we will discount the total fee

by 25% per source (excluding PVM) or 25% for all data until end of

2018, to be reviewed at that time.

Transparency Rate Card-Asset Class Specific

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Per Asset Class Pricing Model

Pre-trade Real

Time Post Trade Real Time Tick History

Pre & Post trade 15

min Delay

Tullett Prebon

PVM

Commodities

2,194 2,925

2,048

1,463

Credit

1,406 1,874

1,312

937

Equities

803 1,071

750

535

Fixed income

2,911 3,882

2,717

1,941

FX

1,104 1,472

1,031

736

Money Markets

904 1,205

843

602

Rates

2,911 3,882

2,717

1,941

ICAP (excludes iSwap which is only

available on a venue basis)

Commodities

1,511 2,015

1,410

1,008

Credit

1,406 1,874

1,312

937

Equities

803 1,071

750

535

Fixed income

2,911 3,882

2,717

1,941

FX

1,104 1,472

1,031

736

Money Markets

904 1,205

843

602

Rates

2,911 3,882

2,717

1,941

TP/ICAP Information Usage Policies

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Customer Types

• View only customers

• Customers who use the data to power applications

• Vendors who build chargeable services using the data

Non-Display Information Usage

A Non Display Application Licence allows data to be used by up to two discrete business

functions in one organisation. Examples of discrete business functions include Risk

Management, Profit and Loss Calculation, Portfolio Valuation, Quantitative Analysis, Fund

Administration, Portfolio Management and Instrument Pricing, Trade Reporting and

Compliance/Surveillance.

Pricing is based on single site consumption of data. If the application(s) have users in more

than one site (excluding DR or BCP provisions) then the fee attracts a multiple of two.

Additional fees may apply where data is used for:

• Index Calculation.

• Redistribution for display screen services or via a Website/E Commerce portal. (Attribution

of the relevant source may also be required).

• Creation of financial products.

• Natural Usage Fee-Clients electing to source the same data from more than one vendor

for same usage will benefit from discounts in respect of the additional feeds.

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