DelphX Capital Markets Inc., commonly known as DelphX, is a financial technology firm that operates in the capital markets industry. The firm is specialized in providing alternate structured and credit products.
The Toronto-based fintech company is focused on the development of an innovative facility/ technology, standardized for transparency in fixed income securities and derivatives transactions. The tech aims to enhance the quality and efficiency in the market by offering, buy, sale, collection and storage of securities and derivatives, including data, research, analytics and valuations.
The company through its special purpose vehicle (SPV) – Quantum – and SEC-registered DelphX Services Corp (broker-dealer) empowers fixed income dealers to offer securities under Rule 144A. The securities are thought to optimize, transfer and diversify credit risk along with improvement in yield.
The SEC-regulated platform allows dealers to structure, purchase and sell the following:
• Collateralized Put Options (CPOs) for default protection
• Collateralized Reference Notes (CRNs) for default exposure
Independent custodians hold all CPOs and CRNs in custody. Both the proprietary instruments are formulated and owned by the company.
The company leverages artificial intelligence (AI) and blockchain technology to automate the execution, and evaluate the real-time price discovery and liquidity. The company facilitates market efficiency through its smart credit products and innovative platforms.
The company has its business operations in Canada and the United States. DelphX Capital Markets Inc. is a public corporation founded in 2012. The common shares of DelphX are listed on the TSX Venture Exchange under the trading symbol DELX.
In the coming years, the company aims to become a secondary market and the defacto choice for blockchain, smart contracts and decentralized systems to advance the global credit market. Being a signatory to the UN Principles for Responsible Investment, the company aligns to the ESG integration framework for its process and solutions.