Delta One sees significant activity for first day of operation
15 July 2019 New York
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Delta One’s first full day of operation saw a total of $3.4 billion notional reversal and conversion interests available for system matching spread across 117 individual equity securities.
According to Delta One, a total of 174 entries were made into the system on the first day of operation on 1 July.
Delta One is a peer to peer stock lending and balance sheet management platform that uses options to pair off participants.
Delta One LLC and Dynamex Trading have launched the “transparent, liquid and actionable” equity finance marketplace, Delta One, in April this year.
The new equity finance marketplace was designed to allow faster and more efficient comparison of rates, balance sheets and trading opportunities.
The platform is available exclusively for Dynamex Trading customers with detailed information about Delta One.
Brandon Neer, co-founder of Delta One, said: "The platform gives stock lending market participants a level of visibility across the entire options market that simply wasn't available before."
Harris Bock, CEO at Dynamex Trading and co-founder of Delta One, commented: “We have long felt there was a need for an automated way to communicate our inventory of trade interests.”
“We built the platform to improve trader workflows and increase bandwidth, with a core tenet being that a human layer of protection would always exist between our users and the exchanges to ensure context, fairness, and suitability.”
“A founding principle of Dynamex was customer protection, and Delta One enhances our ability to provide liquidity while continuing to do so."
Jason Lefkowitz, co-founder of Delta One, LLC., added: "We are always working to improve the user experience, to that end we are also announcing the forthcoming addition of an order board.”
"It will give users the ability to parse and interact with our entire inventory of reversal conversion interests for their use case."
According to Delta One, a total of 174 entries were made into the system on the first day of operation on 1 July.
Delta One is a peer to peer stock lending and balance sheet management platform that uses options to pair off participants.
Delta One LLC and Dynamex Trading have launched the “transparent, liquid and actionable” equity finance marketplace, Delta One, in April this year.
The new equity finance marketplace was designed to allow faster and more efficient comparison of rates, balance sheets and trading opportunities.
The platform is available exclusively for Dynamex Trading customers with detailed information about Delta One.
Brandon Neer, co-founder of Delta One, said: "The platform gives stock lending market participants a level of visibility across the entire options market that simply wasn't available before."
Harris Bock, CEO at Dynamex Trading and co-founder of Delta One, commented: “We have long felt there was a need for an automated way to communicate our inventory of trade interests.”
“We built the platform to improve trader workflows and increase bandwidth, with a core tenet being that a human layer of protection would always exist between our users and the exchanges to ensure context, fairness, and suitability.”
“A founding principle of Dynamex was customer protection, and Delta One enhances our ability to provide liquidity while continuing to do so."
Jason Lefkowitz, co-founder of Delta One, LLC., added: "We are always working to improve the user experience, to that end we are also announcing the forthcoming addition of an order board.”
"It will give users the ability to parse and interact with our entire inventory of reversal conversion interests for their use case."
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