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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
Jim Sturgess (JSTUR) 20000 7.87 (+0.08)         The ExpendaBelles (XPNBL) 6979 10.17 (-0.02)         World War Z 2 (WWZ2) 3 54.50 (-0.15)         The Chronicles of Narnia: The Si (NARN4) 100000 16.23 (-0.05)         Fantastic Four 2 (FANF2) 3 71.23 (-0.08)         Goodnight Mommy (GNMOM) 100000 2.00 (0.00)         Jurassic World 2 (JURA5) 1000 366.19 (+5.99)         Fast & Furious 8 (FAST8) 5 229.28 (-0.83)         LEGO Batman (LBATM) 3 90.80 (-0.16)         Terminator: Genisys (TERM5) 100000 82.70 (-10.25)         Jurassic World 2 (JURA5) 8 366.19 (+5.99)         Meg (MEG) 100000 30.00 (0.00)         Pretty in Pink 2 (PINK2) 100000 0.56 (+0.50)         Goodnight Mommy (GNMOM) 100000 2.00 (0.00)         Here There Be Monsters (HTBMS) 1000 1.32 (+0.06)         Jessica Chastain (JCHAS) 20000 80.37 (+0.40)         Jurassic World 2 (JURA5) 9998 366.19 (+5.99)         Beyond Skyline (SKYL2) 100000 8.55 (-0.04)         Steve Coogan (SCOOG) 20000 40.87 (+0.14)         Mad Max: The Wasteland (MMAX5) 100000 60.16 (-4.32)         In A Valley of Violence (IAVOV) 3699 3.13 (-0.06)         Magic Mike XXL (MGCM2) 100000 45.02 (-2.52)         Magic Mike XXL (MGCM2) 100000 45.02 (-2.52)         The Last of Us (TLOUS) 100000 8.17 (-0.06)         Jessica Brown Findlay (JBFIN) 20000 13.68 (+0.17)         The Crow (TCROW) 100000 11.02 (+1.38)         Denial (DENIL) 200 5.43 (+0.06)         Crouching Tiger, Hidden Dragon: (CTHD2) 25 2.17 (-0.05)         Tupperware Unsealed (TUPRW) 100000 5.63 (-0.04)         Jessica Alba (JALBA) 20000 20.44 (+0.24)         Terminator: Genisys (TERM5) 100000 82.70 (-10.25)         Mountains May Depart (MTNMD) 100000 1.38 (+0.01)         Zeroville (ZEROV) 100000 8.55 (-0.04)         The Flash (FLASH) 100000 33.92 (+0.09)         Meg (MEG) 100000 30.00 (0.00)         Deepwater Horizon (DPWTH) 7 35.53 (-0.25)         The Girl Who Played With Fire (TGRL2) 100000 13.65 (-0.20)         The Good Dinosaur (DINOS) 7 131.49 (-0.75)         The Flash (FLASH) 100 33.92 (+0.09)         Samuel L. Jackson (SLJAC) 20000 95.54 (-0.60)         Connie Britton (CBRIT) 20000 15.52 (-0.13)         Staten Island Summer (SISUM) 20000 0.02 (-0.01)         Assassin's Creed (ASCRD) 99999 33.87 (+0.94)         Samuel L. Jackson (SLJAC) 20000 95.54 (-0.60)         Young Americans aka College Repu (COREP) 100000 4.09 (+2.34)         Assassin's Creed (ASCRD) 99996 33.87 (+0.94)         Battle Of The Sexes (BTSEX) 100 13.74 (-0.01)         Staten Island Summer (SISUM) 20000 0.02 (-0.01)         Brilliance (BRLNC) 100000 1.49 (-0.01)         Bridge of Spies (CLDWR) 8 73.71 (+0.95)