Thomson Reuters survey puts BBVA top for sales and research

After spending three years refashioning its equity derivatives flow, BBVA's efforts appear to have paid off as it earns top spot for equity derivatives sales and research in the latest Thomson Reuters Extel Survey

photo of emilio-sainz-de-baranda at bbva
Emilio Sainz de Baranda, BBVA

Three years of investment in technology and a restructuring of equity derivatives flow at BBVA has taken the Spanish bank to the top spot in Europe for sales and research in the latest Thomson Reuters Extel Survey, with 13.22% and 10.65% of votes, respectively. The bank was ranked ninth in distribution and fifteenth in research in the 2012 survey of the services and advice given to fund managers, and second and seventh, respectively, in last year's survey.

"In 2012, we had a database fit for the

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