Larry Fondren

President/CEO at DelphX LLC

Location
Greater Philadelphia Area
Industry
Financial Services

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Larry Fondren's Overview

Current
  • President/CEO at DelphX, LLC
  • President/CEO at DelphX Services Corporation (formerly Optimal Investment Corporation)
Past
  • President / CEO at Entre Global Services, Inc.
  • President / CEO at Legacy Funding Group, Inc.
  • President / CEO at The ReSource Intermediary Group, Ltd.
  • President / CEO at InterVest Financial Services, Inc.
  • Senior Vice President at NRG America Life Reassurance Corp.
  • Director of Agencies at National Home Life Assurance Company
  • General agent at Aetna Life Insurance Company
  • Regional Director at Connecticut General Life Insurance Company
Education
Connections

500+ connections

Websites

Larry Fondren's Summary

For more than two decades I’ve been engaged in an ongoing endeavor to increase the transparency, equity, efficiency and liquidity of the U.S. fixed income markets. I believe that systemic changes in the structure, diversity and transparency of that market are necessary to restore investor and regulatory confidence, and to promote sustained economic growth domestically and globally.

In the early 1990s, I developed and operated InterVest, the first SEC-regulated “Proprietary Trading System” (a precursor to the current Alternative Trading Systems) that provided a fully-transparent forum for anonymous secondary trading of corporate and municipal bonds and other fixed-income securities among institutional investors, brokers and dealers. I also launched the first Internet-based primary-market offering facility for issuers of investment-grade corporate bonds and asset-backed securities. The system allowed issuers to receive executable bids for their new issues directly from qualifying institutional investors competing in centralized when-Issued order-books and live single-price auctions.

In 1998, I testified before a Congressional Subcommittee regarding the adverse impacts of the lack of price transparency in the OTC bond market. Our subsequent global economic experiences have provided their own supporting testimony as well.

A confluence of developments – the introduction of TRACE data collection and dissemination and the evolution of the democratic Internet among them – position today’s bond market for the dawn of a dynamic new “Age of Aquarius” environment, in which an equitable all-to-all trading model and the OTC trading model mutually operate and exponential increases in liquidity result.

Transparent. Anonymous. Equitable. A level playing field. These terms have not traditionally been associated with the bond market, but I’m committed to changing that.

Larry Fondren's Experience

President/CEO

DelphX, LLC

Privately Held; 11-50 employees; Capital Markets industry

May 2011Present (3 years 5 months) 5 Great Valley Pkwy., Malvern, PA 19355

DelphX is the innovation leader in the development and operation of anonymous, transparent, equitable and liquid bond markets.

Privately Held; 11-50 employees; Capital Markets industry

January 2006Present (8 years 9 months)

DelphX Services Corporation is an SEC-registered special-purpose broker/dealer and FINRA-member firm exclusively dedicated to the operation of the DelphX Alternative Trading System.

President / CEO

Entre Global Services, Inc.

March 2000March 2011 (11 years 1 month)

Entre Global Services operated an interactive business community in which prospective buyers, sellers, joint-venture partners and other potential counterparties anonymously communicated their business interests and the desired characteristics of a preferred collaborative counterparty.

President / CEO

Legacy Funding Group, Inc.

February 2007November 2010 (3 years 10 months)

Legacy Funding developed, aggregated and securitized proprietary consumer “LegacyLoans” issued to senior life insurance policyholders seeking to pay no more premiums yet keep their policy inforce for the benefit of their beneficiaries.

President / CEO

The ReSource Intermediary Group, Ltd.

September 1987November 2009 (22 years 3 months)

The ReSource Group was an independent reinsurance intermediary firm serving the capital-optimization and risk-management needs of insurance and reinsurance companies globally.

President / CEO

InterVest Financial Services, Inc.

March 1991December 2002 (11 years 10 months)

InterVest Financial Services was an SEC-registered special-purpose broker/dealer exclusively dedicated to the operation of the InterVest Proprietary Trading System, the first for online facility for anonymous trading of corporate bonds and asset-backed securities, municipal bonds and U.S. Treasury and other sovereign debt instruments.

Senior Vice President

NRG America Life Reassurance Corp.

December 1979September 1987 (7 years 10 months)

Responsible for all marketing, sales, business development and retrocession activities of NRG America, the U.S. Life Reinsurance subsidiary of Dutch conglomerate, Nationale-Nederlanden (later merged with NMB Postbank Groep to form ING Group).

Director of Agencies

National Home Life Assurance Company

June 1976September 1979 (3 years 4 months)

Responsible for management and development of the brokerage agencies of National Home Life (now a part of the AEGON Group).

Public Company; 10,001+ employees; Insurance industry

May 1973May 1976 (3 years 1 month)

Responsible for management of all agents and representatives in Aetna’s North-Western Ohio region.

Regional Director

Connecticut General Life Insurance Company

February 1970April 1973 (3 years 3 months)

Responsible for management of all brokerage representatives in CG’s North-Western Ohio region.

Larry Fondren's Skills & Expertise

  1. Mortgage Lending
  2. Mortgage Banking
  3. Loans
  4. Mergers
  5. Mortgage Marketing
  6. Loan Origination
  7. Loss Mitigation
  8. Banking
  9. Mortgage Servicing
  10. Asset Managment
  11. Credit
  12. Financial Services
  13. Finance
  14. Loan Servicing
  15. Business Development
  16. Fixed Income
  17. Trading
  18. Equities
  19. Asset Management
  20. Risk Management
  21. Financial Risk
  22. Capital Markets
  23. Derivatives
  24. Portfolio Management
  25. Mergers & Acquisitions
  26. Options
  27. Insurance
  28. Investments
  29. Valuation
  30. Securities
  31. Financial Structuring
  32. Investment Banking
  33. Financial Markets
  34. Structured Finance
  35. Private Equity
  36. Electronic Trading
  37. Entrepreneurship
  38. Executive Management
  39. Hedge Funds
  40. Financial Modeling
  41. Emerging Markets
  42. Alternative Investments
  43. Venture Capital
  44. Bonds
  45. Due Diligence
  46. Economics

View All (46) Skills View Fewer Skills

Larry Fondren's Education

The American College

Master of Science-Financial Services, Finance and Market Structures

19771979

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