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
Hands of Stone (HNDST) 39000 11.98 (-0.23)         The Light Between Oceans H$10 Ca (TLBOC.CA) 1 2.00 (0.00)         Gal Gadot (GGADO) 20000 150.88 (+0.57)         The Light Between Oceans - Openi (TLBOC.OW) 1 10.00 (0.00)         The Light Between Oceans - Openi (TLBOC.OW) 1 10.00 (0.00)         Shock and Awe (SHAWE) 100000 15.00 (0.00)         Morgan - Opening Weekend Fri-Mon (MORGN.OW) 1 15.00 (0.00)         The Light Between Oceans H$10 Pu (TLBOC.PU) 20000 2.00 (0.00)         Doctor Strange (DRSTR) 14782 183.35 (+0.09)         The Light Between Oceans H$10 Pu (TLBOC.PU) 20000 2.00 (0.00)         Rings aka The Ring 3 (RING3) 100 29.40 (+3.85)         Detective Pikachu (PIKAC) 99999 63.03 (+3.09)         Rings aka The Ring 3 (RING3) 50000 29.40 (+3.85)         The Disappointments Room (DSPRM) 100000 6.21 (+3.03)         Shock and Awe (SHAWE) 25000 15.00 (0.00)         Morgan H15 Put Fri-Mon (MORGN.PU) 20000 2.00 (0.00)         Morgan H15 Put Fri-Mon (MORGN.PU) 1 2.00 (0.00)         Kingsglaive: Final Fantasy XV (KFFXV) 100000 1.45 (+0.84)         Morgan H$15 Call Fri-Mon (MORGN.CA) 1 2.00 (0.00)         Don't Breathe H$10 Call (AMITD.CA) 1 3.42 (+0.06)         The Light Between Oceans H$10 Pu (TLBOC.PU) 20000 2.00 (0.00)         The Light Between Oceans - Openi (TLBOC.OW) 100000 10.00 (0.00)         Inhumans (INHUM) 15000 17.94 (-0.14)         Don't Breathe - Opening Weekend (AMITD.OW) 1 13.32 (+0.31)         The Light Between Oceans H$10 Ca (TLBOC.CA) 20000 2.00 (0.00)         Morgan H15 Put Fri-Mon (MORGN.PU) 20000 2.00 (0.00)         Daisy Ridley (DRIDL) 1 146.47 (-1.14)         Don't Breathe H$10 Put (AMITD.PU) 1 1.18 (-0.08)         Shock and Awe (SHAWE) 100000 15.00 (0.00)         Morgan H$15 Call Fri-Mon (MORGN.CA) 20000 2.00 (0.00)         Rings aka The Ring 3 (RING3) 100000 29.40 (+3.85)         Rings aka The Ring 3 (RING3) 100000 29.40 (+3.85)         Mechanic: Resurrection - Opening (MCHN2.OW) 1 8.08 (-0.20)         The Late Bloomer (LBLMR) 100000 0.18 (+0.02)         Star Wars: Episode IX (STAR9) 375 519.00 (+1.20)         Mechanic: Resurrection H$10 Call (MCHN2.CA) 1 1.48 (-0.09)         Shock and Awe (SHAWE) 100000 15.00 (0.00)         Hands of Stone - Opening Weekend (HNDST.OW) 89964 3.87 (-0.21)         The Light Between Oceans H$10 Ca (TLBOC.CA) 20000 2.00 (0.00)         Hands of Stone - Opening Weekend (HNDST.OW) 1 3.87 (-0.21)         Hands of Stone H$5 Call (HNDST.CA) 1 1.69 (-0.04)         Morgan H15 Put Fri-Mon (MORGN.PU) 20000 2.00 (0.00)         Morgan - Opening Weekend Fri-Mon (MORGN.OW) 100000 15.00 (0.00)         Morgan - Opening Weekend Fri-Mon (MORGN.OW) 100000 15.00 (0.00)         Kingsglaive: Final Fantasy XV (KFFXV) 100000 1.45 (+0.84)         Morgan H$15 Call Fri-Mon (MORGN.CA) 20000 2.00 (0.00)         Morgan H15 Put Fri-Mon (MORGN.PU) 20000 2.00 (0.00)         Aimee Teegarden (ATEEG) 20000 12.46 (-0.05)         Shock and Awe (SHAWE) 100000 15.00 (0.00)         Morgan H$15 Call Fri-Mon (MORGN.CA) 20000 2.00 (0.00)