Delphx Capital Markets Inc. unveils Its New Cloud-Based Platform
January 24, 2019 at 02:00 pm
DelphX Capital Markets Inc. unveiled its new Cloud-based platform in which fixed income dealers can structure new 144A securities that optimally meet the investment, hedging and speculation
needs of their institutional customers. Through the platform dealers can customize the terms of each new security they sell, and make markets in all outstanding issues, without incurring capital costs or inventory limitations. The streamlined process enables dealers to design a new security while concurrently negotiating its sale with potential purchasers. Included among the available security forms are: a) put options that provide pre-funded protection against loss from a credit event involving a referenced underlying issue; and b) enhanced-yield notes linked to the performance of a 3rd party corporate, municipal, sovereign, structured or other credit issue. All securities originated on the platform will be collateralized by cash and investment grade debt securities held in custody by an independent custodian.