Business
Press Release Retraction: DelphX Retracts Press Release Issued on October 31, 2022 regarding RTAS Letter from the National Association of Insurance Commissioners
(TheNewswire) Toronto – TheNewswire - November 1, 2022 - ...
About this update from Delphx Capital Markets, Inc.
[{"type":"text","content":"Press Release Retraction: DelphX Retracts Press Release Issued on October 31, 2022 regarding RTAS Letter from the National Association of Insurance Commissioners\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto –\n \n \n TheNewswire -\n \n \n November 1, 2022 -\n \n \n \n DelphX Capital Markets Inc.\n \n \n \n (TSXV:DELX) (OTC:DPXCF)\n \n \n (“\n \n \n DelphX\n \n \n ”), a leader\nin the development of new classes of structured products for the fixed\nincome market, retracts its press release issued on October 31, 2022\n(the \"Press Release\") titled “\n \n \n DelphX\nReceives RTAS Letter from the National Association of Insurance\nCommissioners; Completes Important Regulatory Requirement; Company in\nDue Diligence with Leading Wall Street Dealers”, as DelphX was not\nauthorized to distribute the designation assigned by the National\nAssociation of Insurance Commissioners (NAIC).\n \n \n \n \n Commercialization Update\n \n \n \n \n The commercialization update provided in the Press\nRelease remains unchanged – the Company wishes to bring investors up\nto date on the drive toward adoption and commercialization during the\nfinal months of 2022. The Company is excited to announce that its\nproducts and operations are being scrupulously vetted by multiple\nprominent Wall Street dealers, with interest in both our product\nofferings, as well as additional strategic initiatives and\ncollaborations.\n \n \n \n \n “Interest in our products continues to gain traction\nas economic and market conditions worsen. In a marketplace with\nessentially only one product available for investors and dealers to\nprotect against default and credit risks, our novel new securities\nrepresent a superior new source of revenue verticals for dealers, and\na more secure and transparent solution than traditional Credit Default\nSwaps (CDS) for investors,” stated Patrick Wood.\n \n \n \n \n About DelphX Capital Markets\nInc.\n \n \n \n \n DelphX is a technology and financial services company\nfocused on developing and distributing the next generation of\nstructured products. Through its special purpose vehicle Quantem LLC,\nthe Company enables fixed income dealers to offer new private\nplacement securities that optimally transfer and diffuse credit risk,\nwhile al...