Comprehensive convertible bond valuation
Kynex offers a suite of software tools and data designed to analyze and model financial scenarios for convertible securities.
Backed by powerful analytical tools and proprietary financial calculators, Kynex delivers unparalleled insights into the global convertible securities markets. Its intuitive, low latency technology and flexible interface provides a highly customizable experience, empowering financial professionals to make informed decisions quickly and efficiently.
Capabilities
Optimize portfolio performance and risk management
Kynex offers a unified platform that supports a range of functions — from convertible valuation and new issue pricing to portfolio management, risk analysis, and individual security analytics. This integration simplifies workflows and improves efficiency for users.
Comprehensive data set
Gain unmatched visibility into the structure and dynamics of global convertible securities markets, with access to a comprehensive database of terms and conditions. The platform provides detailed valuation history for the entire convertible market, allowing you to track trends over time. From high-level market insights to sector-specific and even individual bond views, you can easily drill down to find the information that matters most to your strategy.
Informed decision-making
Powerful, proprietary financial calculators and sophisticated analytical tools that enable users to perform in-depth analysis of convertible securities, helping to identify risks, opportunities, and trends.
Flexible and easy to use
Highly customizable and lightning-fast interface allows users to tailor the platform to their specific needs, enabling them to optimize their workflow, streamline processes, and enhance productivity.
Access the latest information on global issuances
Global coverage of convertibles around the world, ensuring users can stay ahead in the global convertibles markets.
Key capabilities
Comprehensive tools for advanced screening, valuation, and portfolio management of convertible bonds.
Core analytics
Unlock the power of advanced screening, valuation, and historical analysis to identify attractive investment opportunities and optimize your strategies.
Advanced search
Screen global convertible securities based on valuation metrics and stock fundamentals to identify opportunities.
New issue pricing
Quickly price and save potential new convertible securities using an intuitive structuring tool.
Flexible hedge calculator
Calculate cash-flows, capital requirements, and return scenarios by adjusting positions, financing rates, and horizon dates.
Historical & scenario analysis
Plot key convertible attributes over time, and estimate P&L or risk/reward profiles under various stock price scenarios.
Quick snapshot & calculator
View and re-calculate terms, valuation attributes (e.g., fair value, delta), and stock fundamentals with ease.
Portfolio and risk management
Build, manage, and analyze your convertible bond portfolio with ease, integrating core analytics with robust portfolio maintenance and stress-testing capabilities.
Arbitrage portfolios:
- Access a full set of Greeks and hedges for individual securities or entire portfolios.
- Customizable stress tests to reflect your tailored risk perspective.
- Analyze long, short, and net market values by security type and industry.
- Assess interest rate exposure and portfolio risk through graphical representations.
Long-only portfolios:
- Benefit from portfolio-weighted metrics like yield, premium, and delta.
- Perform both top-down and bottom-up analysis of portfolio composition.
- Track portfolio sensitivity to equity markets, credit quality, market cap, and more.
- Upload custom benchmarks for delta-adjusted position comparisons across issuers, sectors, and credit qualities.
Order Management System (OMS)
Kynex's OMS seamlessly integrates with portfolio and risk analysis modules to support both buy-side and sell-side participants. It enables users to track pending orders, update inventory, and monitor P&L in real-time as trades are executed. The system provides comprehensive performance analysis across various periods and supports commission and trade tracking with full audit trail reporting.
Sell side:
- Route stock orders through the OMS using the FIX engine to execute trades on your trading platform.
- Dollar-neutral bond pricing is automatically calculated, and trade confirmations are sent to clients with a single click.
Buy side:
- Define targeted NAV across multiple prime brokers and accounts while maintaining delta neutrality.
- Send trade files to different prime brokers and administrators for smooth execution.
Risk-based compliance:
- Implement customizable, risk-based compliance rules within the OMS to ensure adherence to regulatory requirements and predefined risk parameters.
Shareable indications database with dollar-neutral calculations:
- Keep a history of price indications for securities that are of interest, enabling easy access to historical data for analysis.
- Compute dollar-neutral indications using real-time stock prices and estimated hedge values to identify cheapening/richening trends in the market.
- Back-out probable hedges for the broader market based on personal price indications.
Want to see Kynex in action?
What our clients are saying
"A program I use every day. They're a core part of our business."
Asset Manager
"It's the pricing model we use pretty much for everything, whether it's for pitching, whether it's for live transactions or modeling."
Managing Director
"Any time a transaction is announced, it's on their website. You get the details very quickly."
Managing Director
"The fact that it's web based is very appealing. You can pull it up on your phone when you're traveling."
Asset Manager
"Responsive to our requests to make tweaks, to make it more customizable as our needs change."
Managing Director
