BBVA announced on Wednesday it has teamed up with fintech FinIQ to launch of BBVA epricer, a website for its equities and credit-linked structured products. According to BBVA, BBVA epricer is designed to help professionals structure and obtain prices for equity and credit-linked investment products that aim to either provide an enhanced yield or exposure to the underlying investment.
“As previously with cash equities, bonds and foreign exchange (FX), the structured products market is currently in the midst of a digitization phase, with both buyers and sellers developing solutions to leverage new technologies for pricing purposes. With BBVA epricer, investors can find out the price for any given structured derivative investment in a matter of minutes, sometimes even seconds, instead of days as before.”
BBVA also reported that BBVA epricer is geared towards professional and institutional investors looking to digitally structure and price tailored structured investment ideas, either individually or in bulk, over the internet. The solution will allow investors to structure the main equity structured payoffs, which includes autocalls, reverse convertibles and participation structures, as well as credit tranche structured products, all through a web-based front end that will also allow users to save their preferences and request pre-trade indicative documentation.
BBVA then noted BBVA epricer is another step forward in the digital strategy that it defined for its equity derivatives business a few years ago, and it complements its existing offering of digital connectivity via Bloomberg DLIB’s portal and email-based pricing service. Daniel Hernandez, Head of E-connectivity Sales at BBVA, added:
“BBVA is very clear in its strategic direction to continuously provide clients in all segments with the best digital solutions and experience possible. BBVA epricer will enable us to expand our customer reach significantly due to its web-based nature, and deliver an easy to use and simple global solution that can be used by our clients in any region around the world.”