Markets infrastructure and data solutions provider TP ICAP (LON:TCAP) has announced that it has taken a minority stake in the UK FinTech firm, ipushpull.

The Series A investment will be used to expand the ipushpull team, enhance connectivity of the ipushpull platform, and scale up its live data sharing and workflow automation capacity. TP ICAP’s move is in anticipation of increasing client demand for bespoke APIs, chat-based connectivity, and semi-automated workflows. As part of the investment, Dan Wray, Group CIO, TP ICAP, will join ipushpull’s Board of Directors.

TP ICAP already leverages ipushpull’s fast-to-market, omni-channel delivery as part of its Fusion technology offering. Fully integrated within Fusion, the ipushpull platform provides clients with custom connectivity links to chat solutions – such as Symphony, Teams, and Slack – and bespoke client API and Excel-based integrations.

ipushpull’s functionality has already been rolled out in TP ICAP’s Options and Equities businesses and connects TP ICAP’s brokers to their clients for a variety of workflows. TP ICAP plans to extend the use of ipushpull to hundreds of clients across more asset classes throughout 2023.

Dan Wray, Group CIO, TP ICAP Group, said:

“ipushpull is a flexible, scalable solution that sits alongside Fusion’s existing FIX and STP solutions. This enables us to meet our clients’ needs for speed and greater automation. Our investment reflects both the confidence we have in our partnership with ipushpull and the progress we’re making in executing our strategy to transform our business through technology.”

Matthew Cheung, CEO, ipushpull, said:

“We are delighted that TP ICAP joins ipushpull as a strategic investor and partner using our no-code platform to increase client engagement and accelerate delivery of live data and workflow into client applications of choice, such as chat, Excel and APIs.”

About TP ICAP Group plc

TP ICAP connects buyers and sellers in global financial, energy and commodities markets. It is the world’s leading wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. The company operates from more than 60 offices across 27 countries, supporting brokers with market-leading technology.

Fusion is TP ICAP’s electronic platform. It gives clients access to the aggregated liquidity of TP ICAP’s global brands, offering a single sign on that connects the client to multiple products, across multiple asset classes.

About ipushpull

ipushpull is a leading, independent capital markets FinTech firm transforming data-driven services and operations for leading brokers, banks, asset managers, venues, exchanges, crypto, reference data providers and many other data-driven businesses. The ipushpull configurable data sharing and workflow platform enables the delivery of real-time data on-demand into client applications such as chat and Excel, all integrated into configurable workflows.

ipushpull complements and enhances existing data distribution and dedicated screens with its omni-channel delivery model, providing though a single connection a wide choice of delivery options including into chatbots, Excel and APIs while replacing inefficient manual, email and file-based workflows.