This is the cookies policy ("Cookies Policy") of ICAP Management Services Limited and its subsidiaries and affiliates ("ICAP") regarding the use of ICAP's use of cookies on this website (the "Site"). This Cookies Policy only applies to the information that ICAP collects on the Site and does not apply to information ICAP collects by any other method.

Types of cookies ICAP may place a small text file called a "cookie" in the browser files of your computer. The cookie itself does not contain personal information, although it will enable the Site to relate your use of the Site to information that you have specifically and knowingly provided to the Site (such as username) and to track your use of the Site. Tracking information is used to create information on user demographics and Site traffic patterns on an aggregate basis and is not connected to the identities or other personal information of individual users.

Session cookies are automatically deleted at the end of each browsing session (typically when the web browser is closed).

Persistent cookies remain until the expiry date and time set by the web server (or otherwise manually deleted by the user).

1st party cookies originate from the same domain as the website being visited

3rd party cookies originate from a domain that is different to the website being visited

Cookies used by ICAP ICAP uses web analytics cookies to gather aggregated website statistics to allow us to maintain and improve the Site and your user experience.

We only use cookies for the purposes stated in this Cookie Policy and where necessary for the provision of a specific service or functionality that you have requested from us (for example logging into a members area or entering into a trade).

You can set your browser to reject cookies but if you do so you will be unable to use some areas of the Site and other websites on the internet. As we develop how the Site works and offer more sophisticated services through it this will most likely rely on cookies.

For more information about how to reject cookies please visit



This communication and all information (including the methodology, market prices/levels and data) contained therein (the "Information") is for personal and internal information purposes only unless specifically authorised otherwise in writing by ICAP ("Permitted Purpose"), is confidential and is the intellectual property of ICAP plc and/or one of its group companies ("ICAP"), Tullett Prebon (Europe) Limited and/or Marex Spectron International Limited (together "Tankard Parties").

You agree that you will not (i) disclose the Information or any part of it to any person (where "person" shall include without limitation any individual, partnership, company or corporation) except that you may disclose such Information to officers and employees of your employer, (ii) use the Information in any manner that may impair, damage, disable, interfere with or otherwise compromise the Information or anyone else's use of Information, or (iii) use the Information for any purpose other than the Permitted Purpose. You agree to comply with all laws and regulations governing the downloading, installation and/or use of the Information.

Save as provided above, or unless you have obtained the prior written consent of ICAP, you agree that: (i) the Information shall not be used to provide data or services to any other person; (ii) the Information shall not be leased, licensed, transferred, redistributed, retransmitted, resold, disclosed or otherwise made available to any other third party in any form whatsoever; (iii) the Information shall not be used to access, copy, transfer, retransmit or transcode content in violation of any law or third party right; and (iv) the Information shall not be used in any way whatsoever in connection with pricing engines, risk management systems, credit websites, portfolio management or mark-to-market functions. You agree to comply with all reasonable instructions notified to you by ICAP from time to time in relation to your access to and use of the Information.

All Information contained herein and any opinions expressed in it, have been derived from sources believed to be reliable and in good faith they are not to be relied upon as authoritative or taken in substitution for the exercise of your own commercial judgment. The Information is directed to Eligible Counterparties and Professional Customers only and is not intended for Retail Clients (as each term is defined by the rules of the Financial Conduct Authority ("FCA")). This information has no regard to specific investment objectives. Any opinions expressed in it are subject to change without notice and may differ from opinions expressed by other areas of the Tankard Parties and/or the ICAP group. This Information is not, and should not be construed as, an offer or solicitation to bid, sell or buy any product, investment, security or any other financial instrument. The Tankard Parties do not make any representation or warranty, express or implied, as to the accuracy, completeness or correctness of this information. The Tankard Parties do not accept any liability for any loss or damage, howsoever caused, arising from any reliance on any information or views contained in the Information.