Financial markets infrastructure and data solutions firm TP ICAP Group and Amazon Web Services announced a seven-year strategic collaboration on Tuesday to enhance digital transformation and sustainability initiatives.
TP ICAP and Amazon Web Services Announce ‘Major Strategic Collaboration’
The two companies are set to collaborate to accelerate the development of Fusion, TP ICAP’s cloud-based digital platform, designed to optimise transaction lifecycle management.
It was revealed that AWS will deploy 45 specialised engineers to collaborate with TP ICAP’s technology teams, leveraging data analytics and generative AI to significantly reduce product development timelines.
The companies expect that Fusion’s rollout to broking desks will be completed by the end of 2025, further modernising TP ICAP’s operations.
The collaboration, which builds on a decade of partnership between the companies, aims to migrate over 80% of TP ICAP’s technology infrastructure to AWS Cloud by 2026, enabling cost savings, enhanced scalability, and substantial carbon footprint reductions.
AWS will also establish an AI and Innovation Lab for TP ICAP, fostering the creation of advanced AI-driven solutions such as automated regulatory reviews and client engagement analysis tools.
Additionally, both companies will co-develop sustainability-focused trading solutions to support the energy transition, aligning with Amazon’s net-zero carbon goals for 2040, while AWS will work with TP ICAP to “reinforce its leadership in energy and commodities brokerage.”
“This strategic collaboration with AWS positions TP ICAP as a leader in digital transformation within our industry,” said Nicolas Breteau, Group CEO of TP ICAP.
Tanuja Randery, VP and Managing Director at AWS EMEA, said: “TP ICAP’s ‘All in on Cloud’ strategy aims to migrate over 80% of its technology infrastructure to AWS by the end of 2026. This will reduce TP ICAP’s reliance on physical data centres and legacy systems, delivering millions in annual savings and cutting carbon emissions.”
