A risk technology solution
Operation of the law of large numbers causes actual results obtained from a cohort of exposures to become closer to the expected results as more exposures are added. A large and growing pool of diverse individual risks will cause the impact of a single adverse event to be broadly diffused, and the mean results of the pool to become increasingly predictable, as new risks are systematically diffused among all other exposures.
DelphX employs that science in the Quantem™ risk-diffusion and distributed ledger technologies operating within its regulated market. In the DelphX ATS, participants can negotiate, purchase and trade risk-mitigating and underlying securities in a capital market that is:
Secured protection for risk holders
Covered Put Options™ (CPOs) – a new form of risk-hedging security – enable bondholders to negotiate and purchase cost-effective default protection for millions of credit issues.
Enhanced yields for credit investors
Covered Reference Notes™ (CRNs) – a new form of credit-linked security – enable institutional investors to negotiate and purchase investment-grade bonds offering material alpha.
New trading opportunity for speculators
DelphX participants can anonymously speculate on the future pricing of CPO protection for any underlying security, providing a new low-cost source of potential trading revenue.
Validated benchmark pricing for all
Continuously-updating and validating MAV≡n® pricing informs participants of the current benchmark pricing of every CPO, CRN and underlying security in the primary and secondary elements of the DelphX market.