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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
The Emperor's Children (EMPCH) 2 1.54 (-0.02)         Ben-Hur (BNHUR) 32214 50.74 (-0.24)         Zombieland 2 (ZMBL2) 1013 0.35 (-0.05)         Chloe Grace Moretz (CMORE) 20000 39.88 (+0.41)         Pete's Dragon (PDRGN) 497 29.95 (+1.03)         Rosario Dawson (RDAWS) 20000 5.32 (+0.74)         Guardians of the Galaxy 2 (GOTG2) 120 188.42 (+1.95)         Jessica Alba (JALBA) 3198 24.10 (+0.67)         Grace of Monaco (GRACM) 6998 0.22 (+0.01)         No Good Deed (NOGDD) 20000 61.51 (-1.53)         By the Sea (BYSEA) 99998 27.32 (+0.15)         Laura Dern (LDERN) 20000 61.57 (-2.17)         By the Sea (BYSEA) 99998 27.32 (+0.15)         Beetlejuice 2 (BEET2) 5000 24.64 (-1.22)         Birdman (BIRDM) 2 24.88 (+0.15)         Beetlejuice 2 (BEET2) 5000 24.64 (-1.22)         Tilda Swinton (TSWIN) 20000 23.33 (+0.78)         Castro's Daughter (CASDT) 90000 0.07 (+0.02)         Voltron (VOLTN) 8 1.12 (-0.01)         John Hurt (JHURT) 20000 21.53 (+1.08)         Calvary (CLVRY) 20000 3.73 (0.00)         Octavia Spencer (OSPEN) 20000 11.71 (+1.41)         The Chronicles of Narnia: The Si (NARN4) 2 21.75 (-0.19)         The Finest Hours (FINHR) 2 20.43 (-0.05)         The City That Sailed (CTSAL) 4 2.82 (+0.02)         Take Me to the River (TMTTR) 100000 0.96 (-0.04)         Captain America 3 (CAPA3) 15683 189.98 (+0.38)         A Walk Among the Tombstones H$20 (WKTMB.PU) 20000 3.19 (0.00)         20,000 Leagues Under the Sea (20LUS) 100000 7.22 (-1.06)         Yoga Hosers (YOGAH) 100000 16.98 (+1.63)         Yoga Hosers (YOGAH) 99998 16.98 (+1.63)         Home Invasion (HMINV) 100000 7.44 (-0.56)         Batman v Superman: Dawn of Justi (SUPE2) 5000 298.56 (+0.01)         A Walk Among the Tombstones H$20 (WKTMB.CA) 20000 1.72 (+0.07)         99 Homes (99HOM) 100000 8.23 (-0.13)         Big Sky (BIGSK) 100000 7.48 (-0.52)         99 Homes (99HOM) 99998 8.23 (-0.13)         Shazam! (SHAZM) 5000 63.83 (+0.07)         This Is Where I Leave You H$10 C (TWILU.CA) 20000 2.55 (0.00)         Bella Thorne (BTHOR) 20000 36.11 (-0.10)         Captain America 3 (CAPA3) 10000 189.98 (+0.38)         The Maze Runner H$30 Call (MAZER.CA) 20000 3.31 (+0.02)         Power of the Dark Crystal (DCRY2) 4001 0.10 (0.00)         Max Steel (MAXST) 1007 4.07 (0.00)         20,000 Leagues Under the Sea (20LUS) 100000 7.22 (-1.06)         Octavia Spencer (OSPEN) 10000 11.71 (+1.41)         Wolverine 3 (WOLV3) 5000 99.16 (-0.42)         Assassin's Creed (ASCRD) 20000 35.40 (-0.35)         Batman v Superman: Dawn of Justi (SUPE2) 1000 298.56 (+0.01)         Wolverine 3 (WOLV3) 5000 99.16 (-0.42)