London, UK, 11 June 2026 – TP ICAP Group, a world-leading provider of financial markets infrastructure and data, has been awarded the Celent Model Sell Side award for Cloud and AI Enablement.

TP ICAP’s Cloud modernisation programme, delivered with Amazon Web Services (AWS), has achieved 70% cloud migration since the programme’s inception in 2024, involving more than 500 TP ICAP and 100 AWS engineers. Celent, a leading global research and advisory firm for the financial services industry, highlighted the programme’s ability to enhance scalability, boost productivity, improve operational resilience, and shorten software development cycles by 50%, accelerating time-to-value for clients.

TP ICAP’s submission was commended for its engineering modernisation and the dissemination of AI and Cloud capabilities throughout the organization. This reinforces the Group’s position as a market-leading technology-enabled market infrastructure and data provider and an increasingly attractive environment for top engineering talent.

Max Spoto, Group Chief Operating Officer at TP ICAP said: 

“Two years ago, we backed a bold bet - to achieve more than 80% on cloud by end of 2026, removing legacy physical infrastructure. We partnered with AWS and challenged our teams to move at significant pace. Together, we have transformed how we build technology, how we innovate and how we scale.” 

Commenting on the award, Cubillas Ding, Director of Capital Markets at Celent said: 

“Celent recognises TP ICAP for their ongoing success in the execution of scaled cloud migration and AI enablement journey. Celent believes that this initiative transcends more than an enterprise-wide cloud migration that is conventionally a ‘lift & shift’ – it represents a bold transformation that concurrently delivers scaled cloud-native platforms, modernised engineering practices, and enterprise AI adoption embedded across the organisation.”

ENDS

About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com

Media Contacts: 
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com