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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
Jeremy Sumpter (JSUMP) 20000 19.99 (+0.35)         Wonderful Tonight (WNDRF) 100000 1.57 (-0.06)         The Incredibles 2 (NCRD2) 221 150.17 (-3.57)         The Invitation (INVIT) 100000 5.05 (-0.95)         Get On Up (GSOUL) 100000 36.84 (-2.24)         Jeremy Sumpter (JSUMP) 20000 19.99 (+0.35)         Karen Gillan (KGILL) 20000 72.23 (+3.14)         Demonic (HOHOR) 100000 19.31 (-0.63)         Solace (SOLAC) 100000 1.56 (-0.03)         William Fichtner (WFICH) 20000 37.57 (+0.08)         Karen Gillan (KGILL) 20000 72.23 (+3.14)         FOX: Gotham (GOTHAM) 20000 10.00 (0.00)         Zoe Saldana (ZSALD) 20000 71.37 (+3.31)         William Fichtner (WFICH) 20000 37.57 (+0.08)         Colossus: The Forbin Project (COLOS) 100000 4.83 (+0.15)         Chris Pratt (CPRAT) 20000 93.11 (+2.26)         Vacation Friends (VACFR) 20000 16.55 (-3.45)         Bradley Cooper (BCOOP) 20000 96.64 (+2.35)         And So It Goes (ASIGO) 64 12.57 (-0.07)         John C. Reilly (JCREI) 20000 58.90 (+1.32)         Let's Be Cops (LBCOP) 25000 54.79 (-0.29)         The Huntsman (SWHT2) 100000 45.38 (+4.61)         Zoe Saldana (ZSALD) 20000 71.37 (+3.31)         Guardians of the Galaxy (GOTGX) 1 216.31 (+20.62)         Guardians of the Galaxy (GOTGX) 50000 216.31 (+20.62)         Benicio Del Toro (BDELT) 20000 38.84 (+2.05)         The Huntsman (SWHT2) 100000 45.38 (+4.61)         Boyhood (GROWN) 50000 8.85 (+0.02)         Rosewater (ROSWT) 100000 3.32 (+0.83)         Guardians of the Galaxy (GOTGX) 1 216.31 (+20.62)         Lee Pace (LPACE) 20000 185.79 (+1.42)         Planes: Fire & Rescue (PLNE2) 66192 46.80 (-0.75)         Lucy (LUCY) 50000 109.78 (+1.14)         FOX: Gotham (GOTHAM) 20000 10.00 (0.00)         Guardians of the Galaxy (GOTGX) 100000 216.31 (+20.62)         Runaways (RUNWY) 100000 0.27 (+0.15)         Karen Gillan (KGILL) 20000 72.23 (+3.14)         The Martian (MARTN) 100000 40.87 (+5.95)         The Martian (MARTN) 100000 40.87 (+5.95)         The SpongeBob Movie 2: Sponge Ou (SPBO2) 100000 47.53 (+3.48)         Sandman (SANDM) 50000 47.61 (+8.46)         Glenn Close (GCLOS) 20000 42.20 (+2.44)         Guardians of the Galaxy (GOTGX) 4 216.31 (+20.62)         Lucy (LUCY) 100 109.78 (+1.14)         Paper Towns (PRTWN) 100000 22.62 (+4.43)         The Green Inferno (GRNFR) 100000 22.57 (-0.35)         Guardians of the Galaxy (GOTGX) 100000 216.31 (+20.62)         Ghostbusters - 30th Anniversary (GB30) 10000 6.25 (-0.04)         Tusk (TUSK) 20000 7.77 (-0.09)         American Heist (AMHST) 100000 7.04 (-0.96)