BBVA moves market data network to AWS

BBVA moves market data network to AWS

Risk Disclaimer >>
Ad disclosure Fintech-Insight stands firm in its mission to facilitate sound financial decisions for you. We forge alliances with specialists to provide the latest in news and facts. Engagement with designated links, sponsored entries, products and/or services, leading transfers to brokers, or promotional content might entail financial recompense for us. We pledge to protect our users from any negative repercussions arising from utilizing our site. Be informed that no content hosted here should be interpreted as authoritative in legal, tax, investment, financial matters or any expert counsel; it is meant for informational purposes exclusively. Should there be any concerns, securing the guidance of an independent financial consultant is recommended.

BBVA has moved its market data distribution network to Amazon Web Services, providing an at-scale platform for the equity markets area of its Corporate & Investment Banking unit that is capable of handling increasingly vast volumes of data

‘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.

The new platform hosts all the processes of the equity desks related to the marking and management of market data used to set prices or manage book risk, and may also be used for mass pricing of products for their distribution through electronic channels.

“Cloud adoption in the financial industry has evolved such that access to reliable, high quality data delivered in real-time is the new baseline,” says Cory Albert, global head of cloud strategy for Bloomberg’s Enterprise Data business. “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.”

Risk Disclaimer

Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

Leave a Reply