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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
Child 44 (CHI44) 100000 11.60 (+0.06)         Home (SMEKD) 10000 141.88 (-3.92)         In the Name of My Daughter (ITNMD) 100000 2.00 (0.00)         The Lake (TLAKE) 100000 20.00 (0.00)         Home (SMEKD) 100000 141.88 (-3.92)         Blazing Samurai (BLAZS) 99000 31.39 (+2.44)         Barely Lethal (BLTHL) 40 2.94 (+0.06)         Larrikins (LARIK) 7898 44.89 (-1.77)         Larrikins (LARIK) 100000 44.89 (-1.77)         The Lake (TLAKE) 10000 20.00 (0.00)         Insurgent (DVRG2) 40000 125.65 (-0.90)         Blazing Samurai (BLAZS) 100000 31.39 (+2.44)         Home (SMEKD) 54321 141.88 (-3.92)         Larrikins (LARIK) 1 44.89 (-1.77)         Jurassic World (JURA4) 303 177.54 (+0.71)         Get Hard (GHARD) 66666 87.84 (-5.61)         Scott Eastwood (SEAST) 20000 39.68 (0.00)         Nerve (NERVE) 1000 23.86 (+1.08)         Cinderella (CINDE) 1000 166.74 (-1.15)         Get Hard (GHARD) 100000 87.84 (-5.61)         Joel Kinnaman (JKINN) 20000 43.09 (-0.02)         Spectre (JB24) 60001 196.13 (+0.64)         Furious 7 (FAST7) 7273 296.58 (+0.68)         The Lake (TLAKE) 50000 20.00 (0.00)         Jared Leto (JLETO) 20000 18.73 (+0.08)         Get Hard (GHARD) 25000 87.84 (-5.61)         Furious 7 (FAST7) 4977 296.58 (+0.68)         The Lake (TLAKE) 100000 20.00 (0.00)         Get Hard (GHARD) 100000 87.84 (-5.61)         In the Name of My Daughter (ITNMD) 100000 2.00 (0.00)         Furious 7 (FAST7) 100000 296.58 (+0.68)         My Little Pony (MLPNY) 19100 14.73 (+0.09)         David Ayer (DAYER) 20000 32.98 (0.00)         Iris (IRIS) 100000 1.37 (+0.15)         It (IT1) 100000 27.14 (+3.35)         Naomi Watts (NWATT) 6232 28.39 (+0.14)         Gods And Kings (GODKN) 50000 0.01 (-0.03)         Mercury (FREDI) 100000 5.09 (+2.32)         Home (SMEKD) 5000 141.88 (-3.92)         Jurassic World (JURA4) 1000 177.54 (+0.71)         Prometheus 2 (PRME2) 10000 17.39 (-0.20)         Rings aka The Ring 3 (RING3) 100000 22.69 (-1.32)         Furious 7 (FAST7) 100000 296.58 (+0.68)         Suicide Squad (SUICD) 1000 156.20 (+0.64)         Misery Loves Comedy (MSRLC) 50000 1.59 (-0.06)         Get Hard (GHARD) 100000 87.84 (-5.61)         Home (SMEKD) 99999 141.88 (-3.92)         Misery Loves Comedy (MSRLC) 50000 1.59 (-0.06)         Get Hard (GHARD) 99999 87.84 (-5.61)         In the Name of My Daughter (ITNMD) 100000 2.00 (0.00)