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DelphX Capital Markets Inc. (DPXCF) is a technology and financial services company specializing in structured products for the fixed income market. Through Quantem LLC, DelphX enables dealers to offer new private placement securities that optimize credit risk transfer and enhance returns. The company recently announced the grant of stock options to eligible participants under its stock option plan. DelphX is expanding its operations with the creation of an in-house sales team to launch a Credit Rating Security (CRS) product, allowing bond holders and traders to position against rating changes on existing bonds. Industry veteran Barry Finklestein has joined as a consultant to aid in the commercialization of proprietary credit products. DelphX has also entered into an agreement with Castle Placement, LLC to accelerate the market exposure and usage of the CRS product. Additionally, the company has engaged ICP Securities Inc. to provide automated market making services.
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DelphX Capital Markets Inc. has closed an over-subscribed non-brokered private placement, raising gross proceeds of C$468,500. The Offering consisted of 3,904,166 units, with insiders participating for 1,208,333 units. DelphX will pay cash finder's fees of $8,400 and issue 70,000 finders' warrants to AlphaNorth Asset Management. The net proceeds will be used for the launch of the Company's novel Credit Rating Security (CRS) product and general corporate purposes.
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DelphX Capital Markets Inc. announces the appointment of Jonathan Deeter as Director of Credit Product Sales to drive the commercialization of the DelphX Credit Rating Security (CRS) product. The expansion of the sales team aligns with the company's strategic plan to promote the CRS product. Jonathan Deeter brings a strong background in fintech business development and operational experience within the structured products space. The DelphX CRS product aims to address a previously unmet need in the structured products market by providing actionable opportunities during potential rating changes on existing bonds.
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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) announces Jeffrey Nabi as Managing Director, Credit Product Sales, to lead the commercialization phase of the DelphX Credit Rating Security (CRS) product. The company also approved the grant of 900,000 stock options to eligible participants under its stock option plan.
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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) is expanding its business operations by adding a new vertical through the creation of an in-house sales team, targeting institutional customers for its novel Credit Rating Security (CRS) product. The company aims to improve margins and revenue expectations by retaining all revenue from each transaction and gaining better control over the commercialization process.
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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) announces the approval of 2,325,000 stock options for eligible participants under its stock option plan.
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DelphX Capital Markets Inc. has closed an over-subscribed non-brokered private placement, raising gross proceeds of C$418,040. The offering consisted of 3,483,668 units at a subscription price of C$0.12 per unit. Each unit includes one common share and one common share purchase warrant. Insiders participated in the offering, and the company plans to use the net proceeds for the launch of its novel Credit Rating Security (CRS) product and general corporate purposes.
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DelphX Capital Markets provides operational update on the launch of their novel Credit Rating Security (CRS) product. The company has completed all document approvals and pre-launch requirements and is currently working with two Qualified Institutional Buyers (QIBs) to negotiate the terms and conditions of the first commercial transaction. DelphX plans to complete this transaction in early Q4 2023 and is in late-stage discussions with hedge funds and dealers for wider adoption of the CRS product.
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DelphX Capital Markets Inc. provides operational update and announces key hires for the launch of its novel Credit Rating Security (CRS) product in the structured products market.
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DelphX approves grant of 1.1M stock options with $0.20 exercise price
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DelphX Capital Markets Inc. closes non-brokered private placement, raising C$226,000
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FAQ
What is the current stock price of DELPHX CAP MKTS (DPXCF)?
The current stock price of DELPHX CAP MKTS (DPXCF) is $0.073 as of December 4, 2024.
What is the market cap of DELPHX CAP MKTS (DPXCF)?
The market cap of DELPHX CAP MKTS (DPXCF) is approximately 16.8M.
What does DelphX Capital Markets Inc. specialize in?
DelphX focuses on developing structured products for the fixed income market.
Who recently joined DelphX as a consultant?
Industry veteran Barry Finklestein has joined as a consultant to aid in the commercialization of proprietary credit products.
What recent expansion has DelphX undertaken in its operations?
DelphX is expanding its operations with the creation of an in-house sales team to launch a Credit Rating Security (CRS) product.
What recent agreement has DelphX entered into to accelerate market exposure?
DelphX has entered into an agreement with Castle Placement, LLC to accelerate the market exposure and usage of the CRS product.
What services does ICP Securities Inc. provide to DelphX?
ICP Securities Inc. provides automated market making services to DelphX, including the use of its proprietary algorithm, ICP Premium.
What is the purpose of the CRS product introduced by DelphX?
The CRS product allows bond holders and traders to position against rating changes on existing bonds.
What recent announcement has DelphX made regarding stock options?
DelphX recently announced the grant of stock options to eligible participants under its stock option plan.
What is the significance of the in-house sales team created by DelphX?
The in-house sales team will leverage the reach of the Company's existing wholly-owned broker dealer and provide improved margins on each transaction.
What is the focus of DelphX's recent collaboration with Castle Placement, LLC?
The collaboration aims to accelerate the market exposure and usage of the CRS product through Castle's institutional investor network.
Who is responsible for the market making activities for DelphX shares?
ICP Securities Inc. is responsible for the market making activities to correct temporary imbalances in the supply and demand of DelphX shares.
DELPHX CAP MKTS INC
OTC:DPXCF
DPXCF Rankings
DPXCF Stock Data
16.84M
123.85M
31.83%
14.74%
Capital Markets
Financial Services
United States of America
Toronto