Kalotay Analytics and Delphx Partner to Provide Fixed Income Values and Risk Measures In Real-time

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Jun 04, 2013, 10:30 ET

NEW YORK, June 4, 2013 /PRNewswire-iReach/ -- Kalotay Analytics, a major provider of high-speed, high-precision fixed income valuation software, and DelphX, the forthcoming neutral Alternative Trading System for informed all-to-all trading of fixed income securities, have partnered to deliver continuous fair-value pricing, dynamic risk measures and executable risk-management tools to all fixed income market participants.

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To promote optimal liquidity, the DelphX platform will continually calculate, validate and publish MAV=n™ fair-value prices for more than 25,000 listed issues in real-time. Through its new partnership with Kalotay Analytics, DelphX has integrated Kalotay's dynamic valuation libraries and risk-measurement tools within the MAV=n protocol to continuously publish the DV01, effective duration, convexity and other risk metrics resulting from the security's current fair-value price. Integration of Kalotay's patented risk-focused toolset within DelphX thus enables real-time tracking of interest rate sensitivity for all listed issues, including those that rarely trade.

"Kalotay Analytics is excited to facilitate the inclusion of real-time risk measures within the innovative DelphX platform, thereby meeting the growing need of fixed income professionals for timely pre-trade pricing, dynamic risk-measurement and instantaneous risk-management tools," said Andy Porter, Managing Director of Business Development, Andrew Kalotay Associates, Inc.

"Consistent with our mission to partner with best-in-class firms serving the fixed income market, we are delighted to team with Kalotay Analytics and to integrate the robust Kalotay libraries, analytics and risk-focused tools within the new DelphX platform," said Larry Fondren, President and CEO of DelphX. He added, "The seamless interaction of Kalotay's toolset and our MAV=n protocol will enable continuous real-time adjustment of the current fair-value and risk metrics of every issue listed on DelphX. Armed with that to-the-second information, our subscribers can manage portfolio risks more effectively and instantly recognize and act upon transaction opportunities as they develop."

About Kalotay Analytics
Employing patented technology, Kalotay Analytics, a division of Andrew Kalotay Associates, Inc. provides lightning fast fixed income valuation libraries and risk-measurement tools to a wide range of market participants. Applications include real-time bond ETF and index pricing, risk management and trading and, through its partnership with DelphX, continuous pre-trade valuation and risk-measurement of liquid and illiquid fixed income securities.

For more information about Kalotay Analytics, please visit: www.kalotay.com.

About DelphX
DelphX is the innovation leader in the development and operation of anonymous, equitable and informed bond markets. DelphX will soon deliver the only fixed-income market to provide continuous real-time fair-value pricing for more than 25,000 listed securities, including those that rarely trade, and open all-to-all trading of those issues.

Evidence-based valuation of most corporate, ABS/MBS and other fixed income securities is enabled by the proprietary MAV=n protocol, which continuously adjusts, validates and publishes the fair-value price of every listed security based on the historical and current transaction pricing of cohort securities determined to be ratably congruent. The regulated market functions of the DelphX ATS are managed by DelphX Services Corporation, an SEC-registered broker/dealer and FINRA-member firm.

For more information about DelphX, please visit www.delphx.com.

Contact:
Meredith Fuller
Phone: +1 519-664-2999 ext. 2443
Email: [email protected]