To speculate on the future pricing of default protection for any of millions of underlying securities, investors can negotiate the purchase of a new or outstanding CPO for the issue and sell it as desired on the secondary DelphX market.
DelphX participants can negotiate speculative purchases and trades of all CPO and CRN securities, as well as the cash bonds underlying those securities. The market’s continually updating and validating benchmark pricing forecasts efficiently allow investors to speculate on even the subtlest price movements.
All participants can:
Meet Bond Market 2.0
Learn more about how speculation in the primary and secondary DelphX markets offers new sources
of potential alpha and promotes the liquidity of CPOs, CRNs and the underlying securities.