TP ICAP Software Developer reviews

At heart I believe Icap is knackered. Their culture is still very much 'old city' - the brokers reign supreme - they can be rude, sexist, routinely bullying to juniors and generally unreasonable so long as they bring in the big bucks. But this will have to change - voice broking is clearly in trouble. More and more deals are achievable more cheaply electronically, regulators hate them because of their MO being all about getting better deals via the sort of nepotism that result in things like the LIBOR scandal, so pressure is on for TPICAP to reinvent themselves, and one drive is toward become a technology company. This presents a problem, because TP Icap's technology tech - taken as a whole - is awful. Not really as a result of current staff, but due to its history of numerous acquisitions and (IMO) short-sighted upper management. Despite years already spent on integration, TPIcap still have dozens of legacy software applications often decades old, and are still trying to work out ways to resolve this, while laying off half of their technologists and moving most of the remaining function to Belfast. But the worst aspect comes from TP Icap's failure to invest in their people. From a technology perspective this means that instead of listening to career aspirations and rotating staff to different areas allowing them to skill up, get a feel for the business and not die of boredom, they end up 'siloed' as the only person who knows about their particular system, until they leave, or their system is eventually decommed and they get laid off. And as a final insult they will get statutory redundancy pay, which I think is unforgiveably shabby. It's not all bad. There are a lot of good people there - a lot of whom still enjoying it, but I couldn't honestly recommend it.