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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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Cantor Exchange
The Founder (FONDR) 50000 22.89 (+0.98)         Gertrude Bell (GERTB) 100000 0.25 (+0.19)         Stephanie (STEPH) 16619 21.69 (+1.64)         Daddy's Home (DHOME) 50000 28.80 (+1.47)         The Outskirts (OUTSK) 100000 11.80 (-0.58)         The Lazarus Effect (LAZAR) 100000 25.43 (+0.09)         The Witch (TWITC) 100000 1.17 (-0.83)         The Hallow (HALOW) 100000 1.30 (-0.70)         Unfinished Business (BSTRP) 100000 23.17 (+0.29)         Ratchet and Clank (RATCL) 100000 21.84 (-1.13)         Dear Eleanor (DELEN) 100000 0.63 (-0.02)         Scouts vs. Zombies (SVSZ) 50000 24.90 (-0.81)         Carol (CARO) 100000 0.60 (-0.03)         Africa (AFRCA) 1 30.53 (+0.93)         Carol (CARO) 100000 0.60 (-0.03)         Paddington 2 (PADT2) 100000 34.36 (+2.17)         The Outskirts (OUTSK) 100000 11.80 (-0.58)         Krampus (KRMPS) 100000 25.16 (-1.01)         Stephanie (STEPH) 1000 21.69 (+1.64)         The Founder (FONDR) 2 22.89 (+0.98)         Chappie H$25 Call (CHAPI.CA) 20000 0.89 (-0.01)         The Man Who Made It Snow (MWMIS) 99990 21.20 (+1.20)         Suffragette (SUFRG) 100000 0.54 (-0.01)         Gran Turismo (GTURS) 100000 17.12 (+0.62)         Gran Turismo (GTURS) 100000 17.12 (+0.62)         Cooties (COOTI) 100000 0.49 (-0.04)         The Hallow (HALOW) 100000 1.30 (-0.70)         Cooties (COOTI) 100000 0.49 (-0.04)         The Hallow (HALOW) 100000 1.30 (-0.70)         The Witch (TWITC) 100000 1.17 (-0.83)         The Witch (TWITC) 100000 1.17 (-0.83)         Masters of the Universe (HEMAN) 100000 13.64 (+0.68)         In a Dark Place (INADP) 100000 0.38 (+0.28)         Barbie (BARBI) 100000 7.78 (+0.63)         In a Dark Place (INADP) 100000 0.38 (+0.28)         The Hallow (HALOW) 100000 1.30 (-0.70)         The Witch (TWITC) 100000 1.17 (-0.83)         CW: The Flash (TFLASH) 5000 20.06 (-0.01)         Ratchet and Clank (RATCL) 100000 21.84 (-1.13)         Hillsong - Let Hope Rise (HSLHR) 100000 8.34 (+0.43)         13 Hours (13HRS) 50000 28.96 (-0.86)         Clark Gregg (CGREG) 300 79.87 (0.00)         Two Lovers and a Bear (2LAAB) 100000 3.49 (-0.20)         Chappie (CHAPI) 100000 52.18 (-0.68)         Before We Go (130TR) 100000 0.41 (-0.03)         Rooney Mara (RMARA) 2500 36.70 (-0.01)         Mass Effect (MSEFC) 100000 0.14 (+0.08)         Cinderella (CINDE) 86 161.37 (-0.49)         The Outskirts (OUTSK) 100000 11.80 (-0.58)         Owen Wilson (OWILS) 1000 45.61 (0.00)