Comprehensive Convertible Valuation
Find and capitalize on opportunities in financial markets.
Kynex provides an integrated platform for convertible valuation, new issue pricing, portfolio and risk management, individual security analytics, as well as trade flow and order management. We provide unparalleled insight into the composition and distribution of global convertible securities markets, along with powerful analytical tools and proprietary financial calculators. Our lightning-fast interface provides a highly customized and intuitive platform that gives meaningful, actionable information to traders, portfolio managers, risk managers, and other financial market participants around the globe.
Who uses Kynex?
Major investment banks use our structuring tool to bring new convertible issuance to market.
Hedge funds use Kynex for customized risk analysis as well as performance monitoring.
Asset managers use our portfolio monitoring tool to analyze how it stacks against indexes.
Broker dealers and buy-side professionals utilize our analytics to get on the same frequency for productive market making.
What our customers say
Our Convertible Valuation Model
- Intuitive
- Easy to use
- Built for speed
- Comprehensive data set
Convertible valuation is the foundation of Kynex analytics. Our primary valuation interface is intuitive, easy to use, and fast. We maintain a comprehensive data set of terms and conditions for convertible securities that includes details like averaging periods, notice periods, and dividend protections for the underlying stock and is considered the best in the industry. Our model is constantly enhanced as new structures come to market. And because we get all the little details, you get an accurate valuation every time.
New Issue Pricer
- Simple
- Intuitive
- Fast
Our New Issue Pricer is simple, intuitive, and fast! It helps investment banks develop structures and fine-tune the valuation of a hypothetical convertible bond, all while engaged in a phone conversation with the client. You can tweak assumptions and give the client the results in seconds.
Portfolio and Risk Management
Our unique methodology can help bridge the gap between subjective factors like macro-economic dynamics and quantitative estimation techniques for analyzing convertible securities. You get extensive insight into the composition, distribution, and convertible dynamics of your portfolios in a way that will complement your own fundamental analysis, help optimize reward/risk profiles, and maintain investment guidelines.
We offer a complete set of relevant greeks and hedges for individual securities, groups of securities, or an entire portfolio. Customizable stress test framework to capture your unique perspective of risk.
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Long, short, and net market values by security type and industry.
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Distribution of interest rate exposure by expected life, security type, and implied spread.
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Graphical representation of portfolio along various valuation attributes to identify opportunities and risks.
Benefit from portfolio-weighted valuation attributes like yield, premium, investment premium, delta, and more.
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Both top-down and bottom-up analysis.
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Composition and distribution of convertibles in a portfolio along many dimensions, including sensitivity to equity markets, credit quality, market cap, and more - all with proper attribution to the relative size of each security.
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Upload your own benchmark for position-weighted distribution comparisons and analyze over and underweight delta-adjusted positions by issuer, sector, market cap, and credit quality.
Intuitive Functionality
At Kynex, we keep the valuation history for the entire convertibles market. You can see trends over time and get high-level insight, then drill into sector-specific or even name-specific views.
Kynex Advanced Search puts the entire global convertible securities market at your fingertips. You can input a broad set of criteria to find opportunities from searches for synthetic puts to busted converts in a specific sector. You can search by attributes including delta, premiums, and yields and generate reports to share with your colleagues.
Order Management System
The Kynex OMS trading module is a tool for both buy-side and sell-side market participants and is tightly integrated with our portfolio and risk analysis modules. Keep track of pending orders and update inventory and P&L as trades are executed. You can analyze the components of performance over different periods, as well as track and report on commissions and trades. We provide a two-sided order ticket to capture the reality of how arbitrage trades are done in the market for equity derivative securities. The system allows clients to generate audit trail reports for any date range.
Clients use our OMS and FIX engine to route stock orders to execute on their trading platform. The executed stock price of the trade is returned, and Kynex can calculate the appropriate dollar neutral bond price. Trade confirmations can be sent directly from Kynex to your client with the touch of a button.
Our sophisticated allocator allows our clients to define targeted NAV across multiple prime brokers and accounts while maintaining delta for all combinations. Buy-side clients appreciate the ability to send trade files to different prime brokers and administrators when they are executing trades.
Risk-based compliance rules are a powerful feature of the Kynex OMS. We can implement compliance rules directly within our system based upon risk characteristics or predefined rules.
Frequently Asked Questions
Find answers to common questions and concerns about our platform.
Our platform integrates portfolio/risk management, individual security analytics, trade flow, order management, and profit-and-loss functionalities. It provides premier institutions including investment banks, market making desks, hedge funds, and long-only investment management firms with an extension of their own infrastructure.
Yes, we prioritize the security of our platform. We implement robust measures to protect user data and ensure a safe and secure environment for all users.
By utilizing our platform, users can benefit from integrated portfolio/risk management, individual security analytics, trade flow, order management, and profit-and-loss functionalities. It streamlines processes and enhances efficiency.
To get started, simply sign up for an account on our website. Once registered, you can access all the features and functionalities of our platform.
Yes, we have a dedicated customer support team available to assist you with any questions or issues you may have. You can reach out to us through our contact channels.
Transform Your Investment Strategy
Join the premier institutions that have utilized Kynex to streamline their business operations and maximize profits.