Business
DelphX Sets Launch Schedule for Industry-First CRS Product; Improves Operational Depth with Addition of New CFO and Corporate Advisor
Toronto, Ontario--(Newsfile Corp. - September 5, 2023) -   DelphX Capital Markets Inc. (...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"DelphX Sets Launch Schedule for Industry-First CRS Product; Improves Operational Depth with Addition of New CFO and Corporate AdvisorToronto, Ontario--(Newsfile Corp. - September 5, 2023) -  DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (\"DelphX\"), a leader in the development of new classes of structured products for the fixed income market, is providing an operational update in advance of significant launch-related milestones scheduled for the month of September.After a lengthy process period, outside counsel has completed the main documentation required for the launch of the Company's novel Credit Rating Security (CRS) product, which will give bond holders and traders the ability to position against potential rating changes on existing bonds. This will be the first product of its kind in the structured products market. DelphX is now able to advance the CRS product to commercial stage, with a goal to go live with committed and well recognized market participants in coming weeks. The Company will provide additional details on its go-to-market strategy following the official launch. Key Hires Add Operational Expertise: New CFO -- Bill HahnAs part of a strategic plan to add operational expertise to coincide with the CRS commercial launch, DelphX is pleased to announce the addition of financial veteran Bill Hahn, who has assumed the role of CFO. Mr. Hahn brings more than 18 years of experience in both public accounting and finance across a variety of industries, with a background that includes audit and assurance at PwC, and in-house senior and executive roles, primarily at companies expanding their presence in the public markets. Most recently, he was CFO of The Hempshire Group Inc. during its move to the TSX Venture exchange; Director of Finance/Interim CFO at Big Rock Brewery Inc, where he implemented financial reporting and planning improvement programs; and Manager/Finance at Sundial Growers, Inc., where he was part of the senior finance team that transitioned Sundial from a small domestic private entity to a large international public company listed on NASDAQ. With experience in multiple financial roles and sectors, Mr. Hahn has a strong knowledge of regulatory requirements across multiple domestic and foreign jurisdictions, including Canada (TSX), the U.S. (NASDAQ & NYSE) and the UK (AIM). In the capital...