Through DelphX, dealers can make liquid markets in CPOs, CRNs and all referenced cash bonds – enabling investors to actively or passively speculate on the future pricing movement of default protection for millions of credit issues.
Without incurring capital costs, dealers can now enable investors to execute speculative purchases and trades of all CPO and CRN securities, as well as the cash bonds underlying those securities. Within the multi-dealer DelphX environment, investors can select from competing quotes and capitalize on even the subtlest of price movements.
All participants can:
Meet Bond Market 2.0
Learn more about how DelphX enables dealers to make liquid markets in CPOs, CRNs and all referenced issues, and offer investors new speculation opportunities and sources of potential alpha.