The company is in the process of assembling a team of fixed income and structured product industry experts to spearhead the launch of its DelphX covered put options (CPOs) and covered reference notes (CRNs) facility.
Technology and financial services platform DelphX Capital Markets wants to become a ‘standout differentiator’ and deliver ‘alternatives to both the structured product and credit markets’. The US firm, listed in Canada, is an anonymous facility whose purpose is to be the middle entity. Through the firm’s special purpose vehicle, Quantem, along with its broker-dealer DelphX Services Corp, fixed income dealers can offer new Rule 144A securities (private placements) th