DelphX is an innovation leader in the development of optimal credit markets.
DelphX is an unbiased service provider dedicated to promoting liquidity in the credit markets through innovation, digital market maker-taker communication, effective liquidity incentives and market-wide transparency.
The DelphX ATS network facilitates optimal maker-taker interaction through efficient digital communication of recipient-specific quotes, orders, RFQs, instant messaging and simultaneous multi-dealer negotiation processes.
The innovative caching protocol allows market makers and capacity providers to collaborate to increase trading capacity for makers and increase alpha for investors.
The proprietary MAV≡n functionality continuously calculates and validates the current fair-value prices of all securities tracked by DelphX, based on historical and current transaction pricing of securities determined to be ratably congruent and current events, economic and market conditions and other relevant factors.Quant≡m, a AAA-rated company wholly owned by DelphX, introduces DCRs and CROs, which can be issued and traded via DelphX. This environment has uniquely constructed a system that reduces or eliminates Credit Valuation Adjustment, effectively measuring counterparty risk. By reducing counterparty risk while providing AAA protection, DelphX has made credit default protection affordable again.
What DelphX Is Not
DelphX is not owned or controlled by any entity with a vested interest in the success of particular issuers, securities or market participants. It is an independent, privately owned firm that does not directly or indirectly compete with any participating market/price maker or subscribing investor.
A Better Bond MarketDefault risk is too concentrated. The market is nontransparent. Too few issues can be protected. DelphX addresses these problems, providing guaranteed credit protection, deeper market liquidity and enhanced investor yields.
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