DelphX securities Markets plans to launch an alternative trading system , for trading default risk for US dollar , corporate , municipal and sovereign debt . The system , subject to receiving regulatory clearance , will allow investors to anonymously negotiate and trade two new securities types linked to referenced credit default risk . Records will be maintained in parallel on a proprietary database and traditional book - signing documents .
DelphX Capital Markets plans to launch an alternative trading system, for trading default protection for US dollar denominated corporate, municipal and sovereign debt. The platform, subject to receiving regulatory clearance, will allow participants to anonymously negotiate and trade two new securities types linked to referenced credit default risk. Records will be maintained in parallel on a proprietary blockchain and traditional book-entry documents.