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DelphX Unveiling New Blockchain-Supported Alternative To Declining CDS Market
DelphX Unveiling New Blockchain-Supported Alternative To Declining CDS Market Cana...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Unveiling New Blockchain-Supported Alternative To Declining CDS Market\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, May 10, 2018\n\n\n\nNEW YORK, May 10, 2018 /CNW/ -- DelphX Capital Markets Inc. (DELX.V) (\"DelphX\") announced today that it is unveiling a new alternative trading system (\"ATS\") and new securities products through its subsidiaries, DelphX Services Corp. and Quantem Capital Corp., which are designed to provide a securities-based alternative to the single-name Credit Default Swap (CDS) derivatives market, at the upcoming Fixed Income Leaders Summit USA convening in Boston on June 6 to 8.  https://fixedincomeus.wbresearch.com/about-us \n\n\n \n \n\n \nDelphX CEO, Larry Fondren, stated that, \"Consistent with our sponsorship of the 2018 USA Summit, we will provide industry participants an exclusive under-the-hood preview of the DelphX ATS, which will launch this year. Attendees will also get a first look at our new Quantem™ securities available for issuance and trading within the ATS. Being one of the world's largest gatherings of fixed income market leaders, the Summit is an ideal forum for unveiling our new market.\" \n\nSubject to necessary FINRA approval and SEC filings, the DelphX ATS will enable qualified institutional buyers to negotiate, purchase and trade new forms of securities that will be linked to referenced credit default risk and provide credit protection for underlying U.S. dollar denominated corporate, municipal and sovereign debt securities.\n\nFondren also noted: \"We are very excited to introduce a regulated, technologically-advanced alternative to the $3 trillion non-cleared CDS market, and are dedicated to streamlining securities transactions that diffuse default risk, enhance investor yield and promote fixed income liquidity. We believe the DelphX ATS effectively addresses the multiple issues that contribute to the ongoing decline of the single-name CDS market.\" \n\nThe DelphX ATS will employ its trading technologies to enable participants to anonymously negotiate and tr...