Powering Informed Market Liquidity

With key innovations in dynamic price discovery, continuous benchmark pricing, real-time opportunity/risk alerts and comprehensive analytics, DelphX is dedicated to powering informed market liquidity, best executions and lower transaction costs.

Continuously Informed Pricing

DelphX continuously forecasts, validates and reports, in real time, the current benchmark pricing of each of the more than 25,000 fixed income issues it tracks – enabling dynamic analysis of the current pricing of both liquid and illiquid issues.

Armed with market-wide quotes and such benchmark pricing information, subscribers can:

  • Be continually informed of the current benchmark pricing of every issue.
  • Assess the relative pricing of all pending transactions.
  • Dynamically manage risk and capitalize on emerging opportunities.
  • Optimally execute their credit investment strategies.

 

Forecasting Trade Prices

Employing weighted mid-point pricing of all quotes pending in the private books of DelphX ATS subscribers for each issue and its transaction-based MAV≡n® (Market-Adjusted Value per congruent nexus) protocol, DelphX continuously forecasts and validates the current price at which each fixed income issue it tracks would likely trade, including highly illiquid issues.

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As forecasting trade prices cannot always be 100% accurate, the historical accuracy of every MAV≡n pricing forecast at the time the issue is traded is continuously displayed as its accuracy “Score”. Each Score reports the degree to which the security’s MAV≡n pricing forecast compared to the prices at which the issue actually traded in its five most-recent transactions.

A MAV≡n Score of 100.00% indicates perfect correlation between the MAV≡n forecasted price current at the time of each trade and the price at which the trade occurred. A Score of 99.99% indicates a slight mean deviation in the historical accuracy of the MAV≡n pricing forecast. It is important to note that more than 90.0% of MAV≡n Scores consistently exceed 99.00%.

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MAVn benchmark pricing enables DelphX ATS subscribers to:

  • Secure a validated determination of the current benchmark price of their fixed income holdings.
  • Trade with informed confidence regarding the weighted mid-point pricing of securities they may consider buying or selling.

 

DelphX Ownership Opportunity

DelphX is currently offering a $10MM equity investment opportunity in DelphX Corporation.

For more information, contact info@delphx.com

What the Buy-side is Saying

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On behalf of DelphX, Greenwich Associates interviewed 58 institutional corporate bond investors located in the U.S. and Europe regarding their assessment of corporate bond liquidity, the market's evolution and new technology solutions. 

Read Their Findings

What the Sell-side is Saying

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Greenwich Associates also interviewed most of the top 20 corporate bond dealers to determine which features of an electronic maker/taker communication network they would find most appealing.
    

Read Their Findings

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Request a live demonstration of the DelphX platform and learn more about how its innovative features can benefit your firm.

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