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DelphX Capital Markets ( (TSE:DELX) ) has provided an announcement.
DelphX Capital Markets has announced advancements in its Credit Rating Security (CRS) program, now including three hedge funds and two insurance companies negotiating terms for the first bond issuances. This development highlights the potential of CRS as a significant risk management tool, with expected fees of USD $100,000 or more per bond. Additionally, DelphX is expanding its broker-dealer services to include private placements for mid-market companies, responding to hedge funds’ demand for new investment opportunities. This strategic move aims to enhance revenue opportunities while maintaining focus on the CRS program.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company focused on developing and distributing next-generation structured products for the fixed income market. Through its special purpose vehicle, Quantem LLC, DelphX enables fixed income dealers to offer new private placement securities that mitigate spread and capital charge losses during downgrades, while providing attractive returns. The company’s proprietary products, Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs), are fully collateralized and held in custody by US Bank.
YTD Price Performance: -44.00%
Average Trading Volume: 6,315
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.02M
For detailed information about DELX stock, go to TipRanks’ Stock Analysis page.