TP ICAP Group, a prominent provider of financial markets infrastructure and data solutions, has announced a significant collaboration with Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. This partnership aims to enhance TP ICAP's technology infrastructure.

The agreement will focus on accelerating the development of Fusion, TP ICAP’s digital platform. Designed as a cloud-based solution, Fusion is set to improve service delivery throughout the transaction lifecycle. The rollout to relevant broking desks is expected to conclude by the end of 2025.

As part of the collaboration, 45 AWS Professional Services engineers will join forces with TP ICAP’s technology teams to co-develop the Fusion platform. The use of data analytics and generative AI intends to reduce new product development times significantly and increase scalability. Additionally, TP ICAP plans to expand its IT workload on AWS Cloud beyond 80%.

Moreover, AWS will support TP ICAP in strengthening its position in energy and commodities brokerage by developing innovative trading solutions focused on sustainability. They aim to assist Amazon’s suppliers in creating decarbonisation strategies aligned with Amazon’s net-zero carbon goals for 2040.

An AI and Innovation Lab will also be established under this agreement. This lab will build upon previous projects like automating regulatory governance reviews using Amazon Bedrock and creating chatbots for client engagement analysis.

Nicolas Breteau, CEO of TP ICAP, stated: “This strategic collaboration with AWS positions TP ICAP as a leader in digital transformation within our industry.” He emphasized the benefits of equipping teams with AI expertise and tools.

Tanuja Randery from AWS EMEA expressed excitement about the collaboration: “TP ICAP’s ‘All in on Cloud’ strategy aims to migrate over 80% of its technology infrastructure to AWS by the end of 2026.”

Scott Mullins from AWS highlighted how leveraging AWS's generative AI capabilities will allow TP ICAP to deliver innovative services rapidly.

This seven-year strategic agreement builds upon an existing decade-long relationship between the two companies.

TP ICAP continues its role as a global leader across financial, energy, and commodities markets through its brands like ICAP and Tullett Prebon.