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letter from Cantor RE regulatory approval - they are delaying the launch which was supposed to happen tomorrow

Posted by: Moviesnob on Apr 21, 17:03

Yesterday Cantor Exchange received approval from the Commodity Futures Trading Commission (CFTC), the U.S. regulator that oversees futures exchanges. This means Cantor Exchange is now a Designated Contract Market (DCM) and Cantor Clearinghouse is now a Derivatives Clearing Organization (DCO). This is a significant step forward in achieving our ultimate goal, which is to launch a market in Domestic Box Office Receipt Contracts.

As you may know, we have worked very hard over two years to seek regulatory approval to launch such a market. In late March, The Motion Picture Association of America (MPAA) and others raised concerns about the economic purpose of this market and its usefulness as a hedging vehicle.

We are confident that the MPAA’s concerns are unfounded. However, we must now repeat much of the hard work we have done to assure a level playing field for all participants. Therefore our tentative launch date of April 22 is delayed until this new regulatory process is complete.

While it is currently unclear how long that process will take, we will continue to work diligently with the CFTC and will launch the market as soon as it clears a path to approval. And, yes, we are still accepting customer funds in anticipation of eventually launching the market.

We will do our best to keep you informed as the process unfolds. In the mean time, we appreciate your patience. Please let us know if you have any questions about this update.

letter from Cantor RE regulatory approval - they are delaying the launch which was supposed to happen tomorrow   Moviesnob on Apr 21, 17:03

SHORT CANTOR!!!!!   Hooray360 on Apr 21, 17:21

They should probably wait until finance reform bill is cleared based on this from Obama   TheSureThing on Apr 21, 18:44





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Cantor Exchange
The SpongeBob Movie 2: Sponge Ou (SPBO2.OW) 100000 25.00 (0.00)         Miles Teller (MTELL) 2000 54.17 (+0.06)         The Jetsons (JETSN) 99999 25.35 (+2.92)         Untitled Hunter Scott Project (GSAIL) 99999 8.79 (-1.93)         Minions (MNION) 34229 184.51 (+1.26)         The Perfect Guy (TPGUY) 99999 19.11 (+5.08)         Ghostbusters (GHST3) 1000 62.90 (+11.73)         Fifty Shades Darker (50SH2) 4400 86.06 (+0.11)         Wicked (WICKD) 71622 29.54 (+5.73)         Ben-Hur (BNHUR) 32812 41.40 (-0.17)         Goosebumps (GBUMP) 99999 23.03 (+4.60)         The Magnificent Seven (MAGN7) 770 36.55 (-1.12)         Untitled Hunter Scott Project (GSAIL) 10 8.79 (-1.93)         Ghostbusters (GHST3) 34567 62.90 (+11.73)         Splinter Cell (SCELL) 99999 16.30 (+8.42)         The Incredibles 2 (NCRD2) 9300 92.58 (+0.25)         The Big Valley (BVALY) 100000 0.23 (+0.13)         Justice League Part One (JLEAG) 25000 257.74 (+0.13)         The Revised Fundamentals of Care (RFOCG) 100000 8.00 (0.00)         Goosebumps (GBUMP) 99999 23.03 (+4.60)         Unbroken $120M Blockbuster Warra (UBRKN.BW) 10000 5.81 (-0.51)         Kingsman: The Secret Service (TSSRV) 100000 71.23 (+1.93)         Strange Magic (STMGC) 7063 13.24 (+0.18)         Kingsman: The Secret Service (TSSRV) 100000 71.23 (+1.93)         The Physician (PHYSN) 100000 0.03 (-0.04)         Splinter Cell (SCELL) 99999 16.30 (+8.42)         Ted 2 (TED2) 100000 123.95 (+3.34)         A5: Boyhood - Original Screenpla (A5OBOY) 6569 9.10 (-0.29)         The Perfect Guy (TPGUY) 99999 19.11 (+5.08)         Jack (JACK) 100000 0.04 (-0.02)         Ted 2 (TED2) 100000 123.95 (+3.34)         Indiana Jones 5 (INDI5) 100000 50.77 (+4.19)         The Man Who Knew Infinity (TMWKI) 100000 3.23 (0.00)         Indiana Jones 5 (INDI5) 100000 50.77 (+4.19)         Concussion aka Game Brain (GAMEB) 100000 40.68 (+6.19)         Concussion aka Game Brain (GAMEB) 100000 40.68 (+6.19)         God of War (GODWR) 99999 0.34 (+0.05)         Wicked (WICKD) 99999 29.54 (+5.73)         Rings aka The Ring 3 (RING3) 100000 23.89 (+6.97)         Splinter Cell (SCELL) 100000 16.30 (+8.42)         Rings aka The Ring 3 (RING3) 100000 23.89 (+6.97)         Robotech (RTECH) 100000 0.76 (0.00)         Jurassic World (JURA4) 4795 178.95 (+0.15)         Grandma (GRNMA) 5000 6.76 (+2.41)         Splinter Cell (SCELL) 100000 16.30 (+8.42)         Splinter Cell (SCELL) 100000 16.30 (+8.42)         The Girl Who Played With Fire (TGRL2) 14200 6.64 (+1.84)         Goosebumps (GBUMP) 87987 23.03 (+4.60)         Project Almanac H$15 Call (ALMNC.CA) 5000 2.60 (-0.28)         A5: Benedict Cumberbatch - The I (A5ABCU) 20000 2.15 (-0.16)