HSX Forums: Movies Board






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
Stargate (SGATE) 100000 40.00 (0.00)         Septembers Of Shiraz (SEPOS) 90000 0.06 (+0.03)         Stargate (SGATE) 1000 40.00 (0.00)         Stargate (SGATE) 1000 40.00 (0.00)         Independence Day: Resurgence (IDAY2) 5000 131.72 (-6.37)         Predator 4 (PRED4) 99999 69.00 (-0.14)         Til Schweiger (TSCHW) 5 37.45 (0.00)         Morgan (MORGN) 22106 27.36 (+0.01)         Collide (ABAHN) 8994 17.75 (-0.05)         The Shallows (SHALW) 100000 45.31 (+4.90)         Independence Day: Resurgence (IDAY2) 100000 131.72 (-6.37)         Stargate (SGATE) 100000 40.00 (0.00)         Todd Field (TFIEL) 1 19.40 (+0.04)         The Shallows (SHALW) 30000 45.31 (+4.90)         The Shallows (SHALW) 99999 45.31 (+4.90)         Battlestar Galactica (BGALA) 11 20.50 (-0.16)         Tom Skerritt (TSKER) 1000 2.92 (-0.08)         Teenage Mutant Ninja Turtles: Ou (TMNT2) 99999 77.50 (-1.52)         Underworld: Blood Wars aka Under (UNDW5) 99999 30.02 (-0.14)         Free State of Jones (FSJON) 100000 18.19 (-3.05)         Tom Tykwer (TTYKW) 2000 7.62 (-0.12)         Rogue One: A Star Wars Story (SW16) 2127 389.38 (-0.69)         The Expendables 4 (XPND4) 99999 19.09 (-0.06)         Eat That Question (ETQUS) 100000 0.92 (-0.17)         Stargate (SGATE) 100000 40.00 (0.00)         Stargate (SGATE) 4000 40.00 (0.00)         Tony Gilroy (TGILR) 1 50.78 (+0.13)         Tony Leung Chiu-wai (TLEUN) 1 3.87 (-0.04)         Jesse Eisenberg (JEISE) 20000 54.65 (+0.26)         Independence Day: Resurgence (IDAY2) 100000 131.72 (-6.37)         Stargate (SGATE) 100000 40.00 (0.00)         Terrence Howard (THOWA) 2000 31.66 (+0.16)         Lights Out (LITSO) 100000 33.59 (+0.77)         Free State of Jones (FSJON) 87500 18.19 (-3.05)         Suicide Squad (SUICD) 49478 258.56 (-0.99)         Stargate (SGATE) 100000 40.00 (0.00)         Finding Dory (NEMO2) 1000 369.09 (+1.15)         Stargate (SGATE) 100000 40.00 (0.00)         Laura Linney (LLINN) 20000 18.51 (-0.04)         Independence Day: Resurgence (IDAY2) 1 131.72 (-6.37)         Warcraft (WARCF) 100000 46.37 (-1.74)         Emma Stone (ESTON) 20000 37.22 (+0.76)         The Legend of Tarzan H$25 Put Fr (TARZN.PU) 20000 2.33 (+0.09)         Warcraft (WARCF) 100000 46.37 (-1.74)         The Legend of Tarzan H$25 Put Fr (TARZN.PU) 20000 2.33 (+0.09)         Taylor Hackford (THACK) 100 26.37 (+0.08)         Free State of Jones (FSJON) 100000 18.19 (-3.05)         Imogen Poots (IPOOT) 20000 1.65 (+0.04)         Taye Diggs (TDIGG) 100 23.38 (0.00)         The Shallows (SHALW) 10000 45.31 (+4.90)