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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
Nightcrawler H$10 Call (NTCRW.CA) 10000 2.77 (+0.02)         Fury (FURY) 2 63.97 (+1.42)         The Mechanic 2 (MCHN2) 100 16.98 (-1.65)         Nightcrawler - Opening Weekend (NTCRW.OW) 10000 10.55 (-0.58)         The Crow (TCROW) 95000 9.09 (+4.74)         Captain America 3 (CAPA3) 97378 215.33 (+0.40)         Ouija (OUIJA) 99999 57.69 (+2.50)         John Wick (JWICK) 22553 44.02 (+6.66)         Wonder Woman (WONDR) 793 85.12 (+0.85)         The Accountant (ACTNT) 100000 28.54 (+0.79)         Ouija (OUIJA) 99999 57.69 (+2.50)         The Crow (TCROW) 20000 9.09 (+4.74)         The Mechanic 2 (MCHN2) 50000 16.98 (-1.65)         St. Vincent (SVDVN) 99999 22.77 (-1.77)         The Mechanic 2 (MCHN2) 50000 16.98 (-1.65)         Captain America 3 (CAPA3) 2622 215.33 (+0.40)         The Flash (FLASH) 1000 59.25 (+0.54)         The Hunger Games: Mockingjay Par (HGAM4) 100000 339.27 (-1.23)         Suicide Squad (SUICD) 20000 110.17 (+7.09)         The Vatican Tapes (VATAP) 1000 17.03 (-0.07)         Ghostbusters (GHST3) 100000 45.57 (+0.30)         The Snowden Files (SNWDN) 50000 20.00 (0.00)         Sweet Valley High (SVHI) 100000 0.09 (-0.01)         Ricki and the Flash (RICFL) 100000 23.36 (+1.80)         Planet of the Apes 3 (APES3) 94001 136.96 (-0.34)         Guardians of the Galaxy 2 (GOTG2) 100 211.17 (-0.07)         After the Fall (ATFAL) 100000 2.00 (0.00)         St. Vincent (SVDVN) 29502 22.77 (-1.77)         John Wick (JWICK) 100000 44.02 (+6.66)         St. Vincent (SVDVN) 100000 22.77 (-1.77)         Jupiter Ascending (JUPTR) 2000 64.67 (-0.01)         Escobar: Paradise Lost (PRDSL) 95000 2.41 (+1.50)         Young Hollywood Fund (YOUNG) 10000 20.02 (-0.01)         Escobar: Paradise Lost (PRDSL) 100 2.41 (+1.50)         The DUFF (TDUFF) 25000 15.70 (+0.17)         Jennifer Lawrence (JLAWR) 100 179.57 (0.00)         The DUFF (TDUFF) 20000 15.70 (+0.17)         Fury (FURY) 19000 63.97 (+1.42)         St. Vincent (SVDVN) 49999 22.77 (-1.77)         Birdman (BIRDM) 15000 23.09 (0.00)         I Saw the Light (ISTLT) 94500 14.36 (-0.19)         The Cobbler (COBLR) 50000 8.08 (-0.08)         The Cobbler (COBLR) 50000 8.08 (-0.08)         Hancock 2 (HANC2) 100000 2.07 (+0.14)         Serena (SERNA) 1000 5.31 (-0.02)         Ricki and the Flash (RICFL) 25000 23.36 (+1.80)         Ricki and the Flash (RICFL) 25000 23.36 (+1.80)         Rosewater (ROSWT) 100000 3.21 (+1.37)         Rosewater (ROSWT) 100000 3.21 (+1.37)         X-Men: Apocalypse (XMEN6) 25000 190.46 (+1.41)