BBVA, a leading financial institution, has announced its strategic partnership with Wematch.live to fully automate its Equity Finance Infrastructure. This collaboration reflects BBVA’s commitment to expanding its Equities product offerings and investing in advanced technology solutions. Over the past few months, BBVA’s Equity Finance desk has worked closely with Wematch.live to streamline and digitize its operations, resulting in significant improvements in efficiency, productivity, and scalability.

Automatic Booking of Basket Total Return Swap Trades:

One of the key achievements of this partnership was the development of an automated process for booking basket Total Return Swap (TRS) trades from Wematch.live into BBVA’s Murex platform. Additionally, any updates or changes in the composition of basket TRSs were automatically reflected in Murex after being calculated and agreed upon through Wematch.live. This milestone was crucial in digitizing a substantial portion of BBVA Equity Finance’s daily activities.

State-of-the-Art Sales to Trader Workflow (STW) Tool:

BBVA and Wematch.live also collaborated on implementing a cutting-edge Sales to Trader Workflow (STW) tool for both basket and single stock TRS. This tool enables BBVA to track trades from inception until expiry and facilitates seamless interactions between Sales, Traders, and Counterparties. In addition to its operational advantages, the tool also ensures compliance with regulatory requirements.

Full Automation of TRS Life Cycle:

As part of their continuous efforts to enhance their Equities platform, BBVA achieved a significant milestone by automating the entire TRS Life Cycle. By leveraging the information contained in Wematch.live, BBVA now automatically sends Equity Cash orders for new basket TRS, rebalances, and unwinds to Liquidity Providers and Brokers. This automation has eliminated input errors and dramatically improved booking speed, bolstering BBVA’s commitment to leveraging technology for manufacturing investment products.

The partnership between BBVA and Wematch.live represents a remarkable leap forward in the digital transformation of BBVA’s Equity Finance business. By adopting automation and advanced technology solutions, BBVA has achieved substantial improvements in efficiency, productivity, and scalability. These achievements not only enhance the daily operations of BBVA’s Equity Finance desk but also demonstrate their strategic focus on technology-driven innovation. The collaboration with Wematch.live is a testament to BBVA’s commitment to providing cutting-edge financial services and investing in the future of the Equities market.

Read the full press release from BBVA in English and Spanish