Banco Bilbao Vizcaya Argentaria (BBVA) is now live on the Progress(R) Apama(R) FX Aggregation Accelerator for its foreign exchange operations, according to Progress Software. According to Progress, "BBVA FX traders are now using the Progress Apama platform along with its customized dashboards to view and trade across aggregated liquidity from a number of banks and FX ECNs."

Additionally, BBVA can use the platform to carry out advanced algorithms and optimized real-time FX prices for internal and external customers. Currently just running on BBVA FX desks in Spain, the company plans to also implement the platform at its other trading centers in Europe, North America, Latin America, and Asia over the next 18 months.

"Traders are able to trade using a single screen showing liquidity from any FX venue, including ECNs and banks, launch and parameterize algorithms to make instant trading decisions, and enhance profitability by generating the best prices for their clients while minimizing risk," according to Progress.

Learn more about the Apama implementation now!