Setting the standard in convertible bond analytics
Kynex Core Analytics is a leading convertible bond analytics solution, delivering unparalleled insights into the global convertible securities market. The platform is equipped with advanced search tools to identify investment opportunities, a dynamic hedge calculator for accurate cash flow analysis, and robust historical data to monitor valuation trends over time. It also includes horizon and scenario analysis for hedged investments, instant access to key terms and stock fundamentals, and user-friendly tools for pricing new convertible securities. By combining precision, flexibility, and powerful analytics, Kynex Core Analytics empowers institutional investors to confidently price new issues, evaluate opportunities, and optimize strategies for both hedged and outright positions with confidence and efficiency.
Capabilities
Identify growth and investment opportunities for convertible bonds
Dynamic browsing of convertible securities to help identify attractive investment opportunities by screening valuation attributes of convertible as well as underlying stock fundamentals.
Optimize and manage hedge strategies
Manage hedging strategies with precision using advanced tools to customize cashflows, calculate capital requirements, project holding periods, and estimate returns with financing and option decay considerations.
Unlock valuable market insights
Analyze historical convertible bond trends to refine strategies and predict performance. Track key metrics like conversion premium, volatility, and yield-to-maturity with detailed charts linked to stock price movements.
Predict convertible bond hedge performance across different market conditions.
Evaluate convertible bond hedge performance with customizable scenarios. Adjust variables like spread and volatility, project P&L outcomes, and refine price estimates using a proprietary Price-Tuning mechanism.
Streamline the creation and pricing of new convertible securities
Instantly price new issues, capture market nuances, and save securities for collaboration and analysis.
Evaluate the risk/review profile of convertible securities
Analyze the risks and rewards of investing in convertible bonds with comprehensive scenario modeling. Leverage time horizon analysis to assess how time affects the value and sensitivities of individual bonds or entire portfolios, providing deeper insights for informed decision-making.
Product factsheet
Kynex-Integrated Platform for Convertible Bonds
Discover how the Kynex-Integrated Platform for Convertible Bonds provides unmatched insights into the global convertible securities markets.
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
Related resources
Subscribe to our monthly newsletter to get exclusive resources from Numerix.
FAQs
Q1: What is a convertible bond and why does pricing it require specialized analytics?
A convertible bond is a fixed-income security giving the holder the right to convert into equity at a predetermined price. Because it contains a straight bond plus an equity call option, pricing requires models capturing issuer credit spread and default risk, equity volatility surface and its correlation with credit, interest rates, embedded call and put provisions, and dividend assumptions. The pricing is path-dependent and model-sensitive — small differences in credit-equity correlation or vol surface inputs produce meaningfully different valuations. Kynex, calibrated specifically to the convertible market, produces materially more accurate valuations than generic equity or fixed income tools.
Q2: What is driving convertible bond market growth in APAC?
APAC convertible issuance grew from $7B in Q1 2025 to $19.5B in Q1 2026 — nearly 3x in one year. The primary driver is Japan's emergence from two decades of near-zero and negative interest rates. Rate normalization has made convertibles structurally attractive for Japanese issuers and investors who were largely absent during the negative rate period. Hong Kong's derivatives regulatory evolution under Type 11 licensing is adding institutional capacity. Kynex has deep APAC coverage and is positioned to serve the institutional demand from this structural shift.
Q3: How does Kynex support delta hedging for convertible bond positions?
Kynex's delta hedge calculator provides real-time delta (equity sensitivity), gamma (rate of change of delta), and credit DV01 for individual convert positions and portfolios. For a delta-neutral strategy, Kynex calculates the equity short required to hedge the embedded equity option, updates the hedge ratio as equity price, vol, and time-to-maturity change, and identifies gamma exposure affecting rebalancing frequency. Both theoretical model-based delta and empirical delta based on observed price behavior are supported.