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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
Before I Wake (SOMNI) 100000 21.31 (+0.09)         Before I Wake (SOMNI) 99999 21.31 (+0.09)         Jared Harris (JHARR) 20000 34.43 (-0.16)         Joely Richardson (JRICH) 20000 11.32 (-0.04)         The Maze Runner: Death Cure (MAZE3) 1 46.80 (+0.75)         Nerve (NERVE) 1 23.57 (+1.37)         Nerve (NERVE) 1 23.57 (+1.37)         LEGO Batman (LBATM) 960 82.31 (-0.32)         Furious 7 $350M Blockbuster Warr (FAST7.BW) 20000 6.98 (+0.52)         The Adderall Diaries (ADERL) 100000 4.30 (+1.16)         The 100 Year Old Man Who Climbed (MWCOW) 1 1.88 (-0.04)         Flash Gordon (FLSHG) 99999 16.69 (-0.89)         Monkey Kingdom (MNKNG) 100 13.38 (-1.41)         Army of One (ARMY1) 10000 16.52 (+2.01)         Monkey Kingdom (MNKNG) 9 13.38 (-1.41)         A Cure for Wellness aka Remedy (ACFWL) 100000 18.72 (-0.08)         A Cure for Wellness aka Remedy (ACFWL) 100000 18.72 (-0.08)         Judy Greer (JGREE) 20000 70.68 (+0.40)         G.I. JOE 3 (GIJO3) 40190 46.87 (+0.10)         True Story (TRUES) 100000 6.75 (+0.43)         The City That Sailed (CTSAL) 1 0.22 (-0.02)         Katie Says Goodbye (KATGB) 100 5.05 (-0.32)         Grimsby (GRMSB) 384 21.24 (-0.75)         The City That Sailed (CTSAL) 1 0.22 (-0.02)         Blade Runner 2 (BLAD2) 1 35.21 (+3.21)         Blade Runner 2 (BLAD2) 1 35.21 (+3.21)         Flash Gordon (FLSHG) 90000 16.69 (-0.89)         Scouts vs. Zombies (SVSZ) 1 24.55 (+3.69)         Scouts vs. Zombies (SVSZ) 1 24.55 (+3.69)         The Ballad of Richard Jewell (RJEWE) 1000 24.41 (-0.51)         Blade Runner 2 (BLAD2) 10000 35.21 (+3.21)         The Last Witch Hunter (TLWH) 2 25.18 (-1.09)         The Layover (LAYOV) 1000 7.23 (-0.77)         The Layover (LAYOV) 100000 7.23 (-0.77)         Furious 7 (FAST7) 1 347.00 (-2.27)         Tron: Ascension aka Tron: Voyage (TRON3) 80000 48.44 (+0.21)         Blade Runner 2 (BLAD2) 3 35.21 (+3.21)         Furious 7 (FAST7) 1 347.00 (-2.27)         The Dark Tower (DRKTW) 5 18.86 (-1.21)         The Layover (LAYOV) 1637 7.23 (-0.77)         The Girl Who Played With Fire (TGRL2) 50000 23.16 (+0.15)         The Nice Guys (NICEG) 25000 17.52 (-0.36)         Nerve (NERVE) 100000 23.57 (+1.37)         Monkey Kingdom (MNKNG) 100000 13.38 (-1.41)         Amy (AMY) 1 1.59 (-0.17)         Star Wars: Episode III- Revenge (SW33D) 100000 0.15 (+0.03)         The Layover (LAYOV) 25000 7.23 (-0.77)         Paul Blart: Mall Cop 2 (MALC2) 100000 61.86 (+5.73)         Billy Lynn’s Long Halftime Wal (BLLHW) 80000 33.88 (+0.28)         Angry Birds (ANGRB) 100000 34.68 (+0.20)