TP Icap Teams with AWS to Develop Fusion

TP Icap and Amazon Web Services (AWS) have unveiled an agreement to streamline and scale, the inter-dealer brokerage and data firm’s technology infrastructure, including its e-platform, Fusion.

The firms say Fusion will be a “key focus” of the seven-year work, and will see 45 AWS professional services engineers working alongside TP Icap’s technology teams to co-develop the platform. Utilising data analytics and generative AI to enhance developers’ productivity, this agreement aims to more than halve new product development times, enhance scalability, and nearly double TP Icap’s IT workload on AWS Cloud to more than 80%, the firms add.

Additionally, will focus on exploring opportunities to co-develop, sustainability-focused trading solutions in energy and commodities markets, and support Amazon’s suppliers in creating decarbonisation plans, aligning with Amazon’s net-zero carbon ambition by 2040.

AWS will also help TP Icap establish an AI and Innovation Lab to accelerate and scale AI-driven solutions. This lab will build on TP Icap projects like automating regulatory governance reviews with Amazon Bedrock and creating a Chatbot to automate client engagement analysis and generate actionable insights.

“This strategic collaboration [means] we will be able to develop new functionality, faster, to enhance our electronic platform, Fusion,” says Nicolas Breteau, CEO of TP Icap. “And by equipping our teams with AI expertise and tools, we will further strengthen our ability to develop new solutions, execute at scale, and better serve our clients.”

Tanuja Randery, managing director AWS EMEA, adds, “TP Icaps “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. And with the establishment of its AI and Innovation Lab, TP Icap is also investing in training, equipping its workforce with capabilities and skills in developing advanced AI-driven solutions.”