This Week: BBVA/AWS, Bloomberg/Lombard Odier, TP Icap, Credit Suisse/Torstone, Endicott

BBVA Partners with AWS and Bloomberg to Develop Cloud-Based Platform for Equity Markets

BBVA, in collaboration with Amazon Web Services (AWS) and Bloomberg, has developed a new cloud-based technology for the equity markets area of its corporate and investment banking unit.

BBVA C-Fit 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 design combines technologies including 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. 

Bloomberg also announced this week the launch of the Bloomberg Barclays Liquid China Credit Index, designed to track the liquid, tradable portion of the RMB-denominated credit bond market.  

Lombard Odier Adopts Bloomberg’s Port for Portfolio and Risk 

Lombard Odier Investment Managers, the asset management business of the Lombard Odier Group, has adopted Bloomberg’s Port Enterprise offering to support portfolio and risk management across multiple assets classes.

Lombard Odier Investment Managers is a long-standing client of Bloomberg’s AIM order management system and successfully integrated Port Enterprise in 2019 to support performance attribution and risk management of its fixed-income holdings. As a next step, the firm decided to expand its use of Port Enterprise to include equity portfolio attribution calculation, and thus unify portfolio and order management across its equity and fixed-income asset management business, using Bloomberg’s buy-side solutions.

Port is a multi-asset portfolio and risk analytics offering that provides investors with the tools to implement optimal investment portfolio strategies. 

Credit Suisse Goes Live with Torstone

Torstone Technology, a provider of post-trade securities and derivatives processing, has announced that Credit Suisse Securities Canada has gone live with the Torstone SaaS platform.

A spokesperson for the bank said the opportunity to reduce its total cost of ownership was a key driver for its decision to move away from an outsourced solution and implement a new platform.

Endicott Acquires Majority Stake in BNamericas

Endicott Growth Equity Partners (EGEP), an investment fund focused on the information services, data, and analytics sector, has announced the acquisition of a majority stake and strategic growth investment in BNamericas. 

BNamericas is a data and analysis company that provides business insights and industrial project data on key sectors in Latin America. 

EGEP’s injection of growth capital is expected to enable BNamericas to expand its commercial teams in several geographies and accelerate delivery of its product roadmap, supporting the growth of its enterprise client base worldwide. Founder and CEO Greg Barton will continue to lead the company and will remain a significant shareholder. Additional terms of the transaction were not disclosed.  

TP Icap Launches Surfix Market Data API Service

TP Icap Group has announced that its Surfix market data feed is now live. The service enables clients to receive all TP Icap market data via a single consolidated feed, rather than through multiple different feeds.

Landmark Information Launches ESG Management Platform 

Landmark Information has launched RiskHorizon, a new environmental, social, and governance (ESG) management platform.

The platform is aimed at investors, property asset owners, and managers, from private equity and investment houses to corporates and their lawyers, providing global ESG due diligence of their corporate investments and acquisitions.