BBVA has collaborated with Amazon Web Services (AWS) and Bloomberg to develop a new cloud-based technology for the equity markets segment of its Corporate & Investment Banking unit. The bank has created ‘BBVA C-fit’, a platform built around AWS and Bloomberg technologies, to provide its equity trading team with a cutting-edge platform.

‘BBVA C-Fit’ aims to boost the equity team’s efficient and robust risk management capabilities, as well as to significantly expand the range of quality services that it can deliver to clients through the digitization of solutions.

The platform can host all the processes of the equity desks related to the marking and management of market data used to set prices or manage book risk. The platform’s groundbreaking design allows for a tremendous growth potential, not only in terms of scalability and elasticity, but also in the deployment of other critical functionalities in the activity, such as mass pricing of products for their distribution through electronic channels.

The design of ‘BBVA C-Fit’ combines technologies such as Amazon Elastic Kubernetes Service and Amazon Managed Streaming for Apache Kafka with Bloomberg’s B-PIPE, to render real-time direct access to market data over the cloud. From a technical standpoint, the platform incorporates some of the latest technologies for designing and developing microservice-based web apps, as well providing access to market leading data from Bloomberg.

Cory Albert, Global Head of Cloud Strategy for Bloomberg’s Enterprise Data business, comments:

“Cloud adoption in the financial industry has evolved such that access to reliable, high quality data delivered in real-time is the new baseline. With worry-free cloud access to B-PIPE’s market data, BBVA’s development teams can focus on scaling their projects to provide analytics that would be difficult to attain in an on-premises environment.”