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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 Longest Ride (LNGST) 100000 29.68 (+2.83)         Avatar 2 (AVAT2) 34 290.78 (-0.16)         The Equalizer (EQLIZ) 100000 74.48 (-0.13)         Avatar 2 (AVAT2) 34 290.78 (-0.16)         Jurassic World (JURA4) 57 175.37 (-0.12)         The One I Love (TOILV) 20000 0.33 (+0.02)         The Sound and the Fury (TSATF) 100000 2.98 (+0.08)         The Sound and the Fury (TSATF) 100000 2.98 (+0.08)         Your Right Mind (YRMND) 100000 4.57 (+0.87)         Your Right Mind (YRMND) 100000 4.57 (+0.87)         Child of God (CHGOD) 50000 0.02 (-0.01)         Beetlejuice 2 (BEET2) 100000 29.28 (+1.65)         Beetlejuice 2 (BEET2) 100000 29.28 (+1.65)         Vacation Friends (VACFR) 100000 16.59 (-0.27)         Child of God (CHGOD) 25000 0.02 (-0.01)         Boychoir (BOYCH) 100000 6.90 (-0.58)         Your Right Mind (YRMND) 100000 4.57 (+0.87)         Boychoir (BOYCH) 100000 6.90 (-0.58)         99 Homes (99HOM) 100000 6.29 (-0.17)         Vacation Friends (VACFR) 100000 16.59 (-0.27)         Your Right Mind (YRMND) 100000 4.57 (+0.87)         We Are Your Friends (WAYFR) 100000 31.28 (+0.78)         Black Panther (BPNTH) 100000 29.20 (+0.69)         99 Homes (99HOM) 100000 6.29 (-0.17)         Happy New Year (HPYNY) 100000 2.63 (+0.16)         The Judge (JUDGE) 75408 40.70 (+0.16)         We Are Your Friends (WAYFR) 100000 31.28 (+0.78)         Black Panther (BPNTH) 100000 29.20 (+0.69)         Happy New Year (HPYNY) 100000 2.63 (+0.16)         The Longest Ride (LNGST) 17000 29.68 (+2.83)         Michael Bay (MBAY) 10000 197.25 (+0.15)         The November Man (NOVMN) 100000 22.12 (-2.02)         Captain Fantastic (CFANT) 22592 6.93 (-1.07)         The November Man (NOVMN) 100000 22.12 (-2.02)         Stephen Lang (SLANG) 10182 28.76 (-0.08)         By the Sea (BYSEA) 99999 25.02 (-2.89)         The Hundred-Foot Journey (THFTJ) 77449 40.51 (-0.04)         Sigourney Weaver (SWEAV) 20000 13.82 (-0.05)         David Fincher (DFINC) 20000 64.98 (-0.13)         Channing Tatum (CTATU) 20000 128.37 (+0.28)         By the Sea (BYSEA) 10099 25.02 (-2.89)         Christina Applegate (CAPPL) 20000 64.25 (+0.26)         Patrick Fugit (PFUGI) 20000 18.33 (+0.09)         The Girl Who Played With Fire (TGRL2) 25000 8.76 (-1.02)         99 Homes (99HOM) 100000 6.29 (-0.17)         Logan Lerman (LLERM) 20000 40.84 (+0.13)         99 Homes (99HOM) 100000 6.29 (-0.17)         The Longest Ride (LNGST) 100000 29.68 (+2.83)         The Longest Ride (LNGST) 100000 29.68 (+2.83)         Mr. Turner (TURNR) 24999 2.64 (0.00)