Unlock Real-Time Convertible Analytics with Kynex’s Single Name API

In today’s convertibles market, speed, precision, and flexibility are not just nice to have— they’re essential. Traders need tools that can react instantly to shifting market conditions, deliver transparent valuations, and integrate seamlessly into existing workflows. In response to these demands, Numerix has launched a powerful tool– the Kynex Single Name API. 

With the Single Name API, traders get programmatic access to the industry-leading Kynex valuation engine, empowering them with an enhanced level of automation, integration, and analytical depth. The full breakdown of this API, including a live demo, is available in our on-demand webinar: Real-Time Convertible Pricing and Risk Analysis at Scale. 

Now, let's explore what this API is, the challenges it solves, and how you can leverage it to gain a competitive edge in the convertibles space. 

How does the Kynex Single Name API work?

For years, Kynex has been the leading analytics provider for the convertible securities space, trusted by investment banks, hedge funds, asset managers, and pension funds for its unparalleled coverage of the global convertible market. While Kynex already provides robust analytics through a graphical user interface (GUI), many clients asked for additional access directly to the valuation engine for automated workflows and large-scale calculations.

The Single Name API delivers exactly that. As Kynex Product Manager Joseph O’Reilly explained during the webinar, the API allows systems to communicate directly with Kynex—bypassing the GUI and enabling users to feed stock prices, credit spreads, volatilities, and other inputs into the model and immediately receive a wide range of outputs.

Key highlights of the API include:

• Programmatic Access: Pull analytics directly from the valuation model into your own applications or sandbox environments like Excel or Python.
• Real-Time Inputs & Outputs: Feed live inputs into the API and get fair values, Greeks, and implieds back instantly.
• Machine-Readable JSON Format: Return data in a standard JSON format to simplify parsing and integration with your internal systems.
• Streamlined Workflow Integration: Embed Kynex analytics directly inside your OMS, portfolio management system, risk system, spreadsheets, dashboards, and algorithms.

Solving Critical Pain Points for Traders

The Kynex Single Name API was designed to address specific challenges that traders and portfolio managers face daily. By automating and streamlining complex processes, it helps turn friction points into opportunities.

From Manual Scenario Testing to Scalable Stress Analysis

Market shocks require fast action. Manually running “what-if” scenarios across multiple securities is tedious and slow. With the API, traders can systematically run a wide range of scenarios for thousands of convertibles instantly, adjusting spreads, volatilities, stock moves, or interest rate shocks to assess risk and uncover opportunity.

Eliminating Data Silos Between Systems

Many firms rely on separate tools for trading, valuation, and risk oversight. The API acts as a bridge, enabling risk managers to pull consistent valuation data into multiple systems or firm-wide dashboards, so front, middle, and back office teams are aligned on the same numbers.

Removing Backtesting Bottlenecks

Accurate historical analysis requires historical terms, end-of-day curves, and correct conversion ratios—data that is notoriously difficult to source. The Kynex API simplifies this process. By passing a trade date, users can value a security as it existed on that date, leveraging Kynex’s terms and conditions database, including historical rates and FX.

Practical Use Cases for a Modern Trading Desk

The true power of the API lies in its practical application. Below we explore a few use cases highlighted during the presentation that demonstrate how it can enhance your daily workflows:

• Real-Time Valuation: On volatile days, you can continuously price your book and monitor your Greeks as markets move, ensuring you remain ahead of the curve.
• Automated Trading Signals: For hedge fund clients engaged in systematic trading strategies, the API can be integrated with quantitative algorithms to generate automated buy/sell signals based on real-time stock movements.
• Intraday Position Monitoring in Excel: Many traders live in spreadsheets. By integrating the API with Excel, you can create a live dashboard to re-value positions, monitor P&L, and adjust hedges throughout the trading day using familiar tools.
• Ease of Integration: Embed Kynex’s precise analytics directly into your Order, Portfolio, or Risk Management Systems. This ensures consistency and provides a single source of truth for valuation across the entire trade lifecycle.

The Power of the Cloud

The Kynex Single Name API was brought to life after the Kynex platform was migrated to the AWS cloud. The cloud infrastructure allows the system to manage large, variable workloads with unprecedented efficiency and speed. Migrating to the cloud has also provided greater flexibility and scalability, supporting clients with a vast range of use cases.

The cloud infrastructure provides:

• Elastic Scalability: The system automatically scales to meet demand, whether it's a few API calls or tens of thousands during peak volatility.
• Speed and Low Latency: The Kynex API delivers faster analytics than ever, providing near-instantaneous outputs for real-time decision-making.
• High Reliability and Redundancy: With 24/7 uptime and robust disaster recovery, you can be confident that the API will be available whenever you need it.
• Software-as-a-Service (SaaS) Delivery: As a SaaS offering, you don't have to worry about managing servers, memory, or updates. Numerix handles the infrastructure, so you can focus on trading.

Get Started with the Kynex API – Request Your FREE Trial

Experience the power of the market’s most sophisticated convertible analytics—now accessible through the Kynex Single Name API. Seamlessly integrate Kynex analytics into your own workflows to gain faster insights, enhance precision, and boost efficiency. 

 Learn more and request your FREE trial here