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DelphX Appoints Keith Ainsworth As Chairman Of Independent Audit Committee
DelphX Appoints Keith Ainsworth As Chairman Of Independent Audit Committee Canada ...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"\n\n\n\nDelphX Appoints Keith Ainsworth As Chairman Of Independent Audit Committee\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, July 24, 2018\n\n\n\nNEW YORK, July 24, 2018 /CNW/ -- DelphX Capital Markets Inc. (DELX.V) (\"DelphX\") announced today the appointment of Keith Ainsworth, retired CEO of COM DEV International, to the position of Chairman of its independent Audit Committee. Mr. Ainsworth will also continue to serve as an independent director of DelphX.\n\nAbout DelphX: \n\nDelphX is a technology company focused on optimizing fixed income markets around the world by transforming the way credit capital is secured. It is developing a blockchain-powered solution employing proprietary distributed ledger technology and actuarial science to facilitate broad diffusion of credit default risks. The new DelphX alternative trading system (\"ATS\") market will be regulated by the SEC and operated by DelphX Services Corporation, a FINRA member firm, to facilitate the negotiation, purchase and trading of two new forms of Smart Contract securities: \n\n\nCovered Put Option (CPO) securities that provide secured default protection for U.S. dollar-denominated corporate, municipal and sovereign securities, with each CPO strike-price equaling the par value of its underlying security; and\nCovered Reference Note (CRN) securities that allow investors to take on exposure to the default risk of a single underlying security or to participate in a pool of diverse risks that broadly diffuses the impact of credit events among all participants. \nAll CPO and CRN securities will be issued by Quantem Capital Corporation Ltd.(\"Quantem\"), a Bermuda-domiciled subsidiary of DelphX, and transparently administered within Quantem's immutable Distributed Ledger. A traditional book-entry record of each security will also be maintained in parallel by Quantem's issuing and paying agent to provide additional transparency and efficiency.  \n\nDelphX is not owned or controlled by any entity with a vested interest in the success of particular issuers...