10:37 AM EST, 12/30/2024 (MT Newswires) -- DelphX Capital Markets ( DPXCF ) , involved with innovative structured products for the fixed income market, was edging up Monday after saying it was set to deliver first commercial transactions in its proprietary Credit Rating Securities (CRS) program, "paving the way for significant market adoption and sustained positive cash flows".

The company said it looks forward to increased CRS adoption following its initial transactions, supported by continuous engagement with new market participants. DelphX added that the platform's innovative design allows insurance companies, hedge funds, and institutional investors to mitigate downgrade risks while unlocking new returns.

"The last two years have been a test of resilience and innovation as we reimagined fixed income risk management. Today, as we stand on the cusp of executing our first CRS transactions, the excitement across our team is palpable. DelphX is delivering the most significant innovation in fixed income markets in over a decade, and we believe the market's response will reflect the innovative nature of CRS," said DelphX Chief Executive Patrick Wood.

Shares of the company were last seen up $0.005 at $0.135 in early morning trade on the TSX Venture Exchange.

Price: 0.14, Change: +0.01, Percent Change: +3.85