Business
DelphX Announces License Agreement with Fintech Leader, Halo Investing, for Industry-First Platform
Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - DelphX Capital Markets Inc. (TSXV: ...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"DelphX Announces License Agreement with Fintech Leader, Halo Investing, for Industry-First PlatformToronto, Ontario--(Newsfile Corp. - March 23, 2022) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (\"DelphX\") is pleased to announce a license agreement with Chicago-based Halo Investing (\"Halo\") to develop and launch the DelphX structured products platform. Currently ranked among Fintech's fastest growing companies, Halo has created the first multi-issuer technology platform that enables registered investment advisors, banks and investment professionals to access structured products and other protective investment solutions that were previously unavailable to most investors.Under the licensing agreement, Halo will construct for DelphX an industry-first automated platform that will allow both buyside firms and dealers to negotiate and trade the DelphX-issued Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs). This new platform will leverage Halo's current technology with a customized overlay to meet the needs of DelphX's new product, thereby propelling DelphX forward as a leading innovator in structured product technology. The platform will provide significant improvements in ease of access, transparency, and individual control over the investment process for all participants.\"To partner with one of the fastest growing, most innovative companies in our space is humbling and gratifying, because it validates the importance of our technology and the potential role for CPOs and CRNs in the marketplace,\" said DelphX CEO Patrick Wood. \"Halo has revolutionized access to sophisticated protective investment strategies, so their technology expertise is already well established. With this agreement, DelphX will transform into a true fintech innovator with the scalability expected from a platform-technology company, so the impact should be quite rapid. We believe that our products can serve multiple segments of the structured products market, extending our reach into several layers of this multi-trillion-dollar pool of assets.\"As a reminder, the DelphX CPO/CRN products are structured as private placement securities, making them acceptable for use by managers who cannot utilize traditional derivatives or swaps. The initial target market is significant, currently estimated to represent over $15 trillio...