Structured Products Industry Outlook
During its multi-year platform development effort, DelphX has established working relationships with regulators, buy and sell-side participants, dealers, and other parties uniquely positioned to monitor trends in the structured products markets. For those who follow these markets carefully, the
While very early in this cycle, these are exactly the kind of conditions that DelphX has developed products to address. Accordingly, with the growing sensitivity to risk in this rising rate environment, we have seen a sharp increase in interest in our product offerings from a broad range of industry participants and partnership contacts. Our recent announcement of the signing of
Launch Schedule
Based on these positive market trends and heightened customer interest, we are pleased to report that we have advanced discussions with counterparties to initiate trading in our proprietary products as part of a controlled launch of our platform. Though the transaction size and trade date are not yet set, our goal is to have these first issuances executed before the close of the current quarter (
'We have been working on our novel solutions to enhance yield and protect against risk in the credit market for a very long time, but to have market conditions so favorable at the time of our launch makes this milestone even more significant,' said DelphX CEO
About DelphX
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem and its broker-dealer
Collateralized Put Options (CPOs) that provide secured default protection for underlying corporate, municipal and sovereign securities, and
Collateralized Reference Notes (CRNs) that enable credit investors to take on the default exposure of an underlying security in exchange for enhanced yield.
All CPOs and CRNs are fully collateralized and held in custody by an independent custodian. CPOs and CRNs are proprietary products created and owned by
For more information about DelphX, please visit www.delphx.com.
Contact:
Corporate Development
E: Mark.forney@delphx.com
Forward-Looking Statements
This news release contains certain 'forward-looking statements' including, without limitation, statements regarding the launch of the DelphX platform. Such forward-looking statements involve risks and uncertainties, both known and unknown, that may cause actual results or events to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, business, economic and capital market conditions, the ability to manage our operating expenses, regulatory uncertainties, market conditions and the demand for our products. The forward-looking statements in this news release are based on factors and assumptions regarding, among other things, the state of the capital markets, the ability of DelphX to successfully manage the risks inherent in pursuing business opportunities in the financial services industry, and the ability of DelphX to obtain qualified staff, equipment and services in a timely and cost-efficient manner to develop its business. Any forward-looking statement reflects information available to DelphX as of the date of this news release and, except as may be required by applicable laws, DelphX undertakes no intent or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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