DelphX Capital Markets Inc., through its subsidiaries DelphX Services Corp. and Quantem Capital Corp., is launching a new alternative trading system and new securities products.
The trading system and products will provide a securities-based alternative to the single-name credit default swap derivatives market.
Subject to FINRA approval and Securities and Exchange Commission filings, the DelphX alternative trading system will enable 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.
Also, DelphX alternative trading system will use its trading technologies to enable participants to anonymously negotiate and trade the new Quantem securities.
The trading system will be launched at a fixed income conference in Boston in June.
