The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

BBVA Deploys SuperDerivatives’ Derivatives Solution in Hong Kong

Banco Bilbao Vizcaya Argentaria (BBVA), one of the largest European banks, announced that it has selected SuperDerivatives (SD), the global derivatives benchmark and leading multi-asset front office system, to support its currency derivatives business in Hong Kong and to better meet its clients’ changing needs.

In allowing better pricing standards across the board, the SD-FX front-office solution gives BBVA’s sales teams, traders and structurers access to accurate, real-time market prices, risk management and analytics for all currency options.

BBVA, which has been operating in Asia for over 20 years, has a strong presence in corporate and investment banking. In Hong Kong, the bank is particularly strong in trade finance.

BBVA is among Europe’s leading banks, with presence in over 30 countries worldwide. Its Asia headquarters are in Hong Kong, with branches in Tokyo and Singapore, and representative offices in Taipei, Seoul, Beijing, Shanghai, Sydney and Mumbai.

SD is the market’s benchmark system for derivatives pricing. SD’s wide coverage spans all FX derivatives, from vanilla to the most advanced structures, across the full spectrum of currency pairs, from major currency types to emerging markets. It is used by most of the banks in the world that trade derivatives and numerous corporations, hedge funds, brokers, auditors and central banks.

Jeffrey Chu, BBVA head of Fixed Income, Currency and Commodities, said: “Deploying SD’s solution in Hong Kong makes perfect sense. BBVA has been using it in Madrid and México headquarters for years now. As the market leader, SD serves as the market’s benchmark for FX derivatives and it’s an excellent system to support our business. Their solution will enable us to further enhance our product offering to our customers in Asia as well as optimise our staff productivity and workflow.”

Irene Zaslavsky, SD’s regional manager for Hong Kong, said: “We are delighted to be offering our services to BBVA, a truly world-class bank. In addition to automate the daily work flow and improve sales people productivity, our solution will give BBVA the ability to offer its clients accurate, transparent and real-time information and to enhance reporting and risk management.”

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

DSB Opens First Consultation on UPI Fee Principles

The Derivatives Service Bureau (DSB) opened a first round of industry consultation on fee principles for the Unique Product Identifier (UPI) today. The consultation ends on 5 March 2021 and is the first of two consultations before a final report is published in September 2021. The UPI will come into play in 2022 and will...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.