Through its special purpose vehicle Quantem and its broker-dealer DelphX Services Corp., it enables fixed income dealers to offer new Rule 144A securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield.
Founded in 2012, DelphX is a technology and financial services company
Focused on bringing new and exciting alternatives to structured product and credit markets.
Creating the Next Generation of Credit Products and Technologies
Our forward vision will build tomorrow’s market through data, analytics-led innovations and platforms which transform participant experience, facilitate market efficiencies through “smart credit” products, real time price discovery, liquidity and automated execution through AI and blockchain.
Massive Transformative Purpose
Building a first of its kind product that allows transparent arbitrage of risk / price, allows counterparties transparency on underlying collateral, and democratizes a hedge that only few had access to.
DelphX is committed to transforming credit markets by increasing access to efficient, transparent and cost effective hedging strategies with no counterparty risks:
Provides a standardized facility to issue recognized and transparent 144-A securities fully collateralized by US Treasuries, eliminating counterparty risk.
Provides an additional vehicle to yield enhancement with improved underlying risk profiles at lower costs of capitalization without increasing derivatives exposure.
Expanding access to those who do not participate in swaps and derivatives, and providing existing participants who are seeking risk protection/speculation, and cost efficient alternatives to CDS.
A novel and enhanced product which can be used in conjunction with existing credit products and strategies.
A Global Challenge
For over a decade, credit investors have endured a prolonged decline in investment yields. The Credit Default Swap (CDS) market has shrunk materially:
THIS NEED FOR HIGHER YIELD HAS, IN TURN, CAUSED MANY CREDIT INVESTORS TO ASSUME GREATER LOSS EXPOSURE – RESULTING IN INCREASINGLY HAZARDOUS RISK/YIELD RATIOS.
Upgrading the world's credit markets
DelphX provides Dealers with the ability to provide their client with a new product solution for either reducing credit exposure or enhancing yield.
ESG Commitment at Delphx
Delphx is a signatory to the United Nations Principles for Responsible Investment (“UN PRI”). We are committed to an ESG Integration policy that does not prescribe the types of investments that can or cannot be made but rather creates a framework for integrating these types of considerations into the company processes and solutions.