The Hindu Business Line : E-platform for corporate debt trading launched

Mumbai, March 28 India’s first live corporate debt trade facilitating platform called ‘Dome’ has been launched by Derivium Capital and Securities Pvt Ltd.

A web-based platform, ‘dome’ in its launch phase is a live corporate debt market and other debt market reporting system.

The purpose of the platform is to increase transparency and faster dissemination of market information, quotes and trade levels, according to promoters Mr Kunal Shah and Mr Ashish Ghia, technocrat entrepreneurs.

Platform features

The platform provides information for markets including special Government securities such as oil bonds, food bonds and fertiliser bonds; bank CDs, corporate CP and short-term NCDs; institutional and corporate bonds; interest rate swaps (OIS and MIFOR swaps); and primary placements of bank CD, corporate CP and bonds.

The platform will soon introduce in a phased manner new features such as complete database and documents of bank, institutional and corporate debt which would integrate different decision making tools on one screen; complete database of rating-wise market levels for analysis, research and decision-making with a market history; and working price/yield calculators for all the listed bonds (including complete cash flows).

Operating as an institutional intermediary, Derivium Capital has played a leading role in the development of the country’s corporate debt and derivatives market.

The ‘Dome’ platform has clearance from Securities and Exchange Board of India.

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