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DelphX Gives Wall Street Dealers An Express Lane For Creating New Securities
DelphX Gives Wall Street Dealers An Express Lane For Creating New Securities Canad...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Gives Wall Street Dealers An Express Lane For Creating New Securities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, Jan. 24, 2019\n\n\n\nDealers can now structure and sell new credit default protection and tailored debt securities on demand – without committing capital\n NEW YORK, Jan. 24, 2019 /CNW/ -- DelphX Capital Markets Inc. (TSXV: DELX) (\"DelphX\") today 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. \n\n \n \n\n \nThe 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.\n\"Our system is the first and only source of pre-funded default protection and is designed to restore the ability of dealers to profitably provide cost-effective protection and robust credit liquidity - with no adverse balance sheet impact,\" said Larry Fondren, DelphX's Founder and CEO. \"It also enables dealers to structure new securities that can be exchanged with counterparties for outstanding CDS contracts - providing superior protection to customers and increasing dealers' capital, inventory capacity and ROTE.\"  \nAbout DelphX: \nDelphX is a technology and financial services company focused on optimizing fixed income markets. Its Cloud-based soluti...