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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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Cate Blanchett (CBLAN) 19999 85.16 (+0.60)         Chicken Soup for the Soul (CSFTS) 90000 5.01 (+0.01)         The Shack H$10 Put (SHACK.PU) 20000 2.50 (+0.01)         Papillon (PAPIL) 90000 11.35 (-0.01)         A7: Manchester by the Sea - Orig (A7OMBT) 2000 11.28 (+0.60)         Getting to Happy (GTHAP) 1 0.13 (+0.02)         Sinatra (SINAT) 1 0.44 (-0.03)         Bride of Frankenstein (BRIDF) 90000 24.41 (-0.18)         Game Night (GAMEN) 99999 34.05 (-2.26)         Indiana Jones 5 (INDI5) 1 88.06 (-0.64)         Haley Bennett (HBENN) 20000 41.01 (+0.14)         Jenny Slate (JESLA) 20000 134.08 (-0.28)         Blade Runner 2049 (BLAD2) 100000 102.79 (-0.99)         Five Against a Bullet (5ABLT) 25000 16.63 (-1.99)         Laurence Fishburne (LFISH) 20000 90.25 (-0.20)         Five Against a Bullet (5ABLT) 25000 16.63 (-1.99)         A7: Mahershala Ali - Moonlight - (A7RMAL) 3000 14.16 (+0.15)         Zach Galifianakis (ZGALI) 20000 63.59 (+0.13)         Get Out (GETOU) 100000 71.85 (+1.22)         Ralph Fiennes (RFIEN) 20000 82.16 (-0.20)         Goosebumps 2 (GBUM2) 100000 37.80 (0.00)         Rosario Dawson (RDAWS) 20000 20.01 (+0.13)         Peter Stormare (PSTOR) 20000 64.46 (0.00)         Michael Cera (MCERA) 20000 58.42 (+0.53)         The Kingkiller Chronicle: The Na (KNGKL) 100000 56.76 (+6.76)         Mariah Carey (MCARE) 20000 54.68 (-0.54)         The Raven (TRVEN) 90000 0.48 (+0.03)         Keanu Reeves (KREEV) 20000 18.08 (+0.11)         Kim Basinger (KBASI) 20000 35.84 (-0.08)         The Emoji Movie aka Emojimovie: (EMOJI) 100000 76.12 (-0.20)         John Leguizamo (JLEGU) 20000 40.05 (+0.24)         Idol's Eye (IDOLE) 90000 1.37 (+0.04)         Untitled Detroit Project (DETRT) 100000 23.20 (-0.06)         Hector Elizondo (HELIZ) 20000 62.44 (+0.66)         Hector Elizondo (HELIZ) 20000 62.44 (+0.66)         All I See Is You (AISIY) 100000 14.28 (+0.02)         A7: Viola Davis - Fences - Sup A (A7SVDA) 3000 15.17 (+0.29)         Common (COMMN) 20000 70.80 (+0.13)         The Witcher (WITCR) 90000 10.46 (-0.24)         The Dark Tower (DRKTW) 100000 91.08 (-0.10)         Bella Heathcote (BHEAT) 20000 37.40 (0.00)         A7: Viola Davis - Fences - Sup A (A7SVDA) 3000 15.17 (+0.29)         Atomic Blonde (CLDCT) 100000 10.19 (-0.17)         Valerian and the City of a Thous (VALER) 100000 68.66 (+0.04)         A7: Denzel Washington - Fences - (A7ADWA) 20000 12.52 (+0.24)         A7: Denzel Washington - Fences - (A7ADWA) 20000 12.52 (+0.24)         Girls Trip (GIRLT) 100000 49.46 (-0.13)         Rock Dog (ROCDG) 25001 10.03 (+0.56)         Cars 3 (CARS3) 100000 162.13 (-0.58)         Dunkirk (DUNKR) 100000 125.32 (-0.37)