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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
By the Sea (BYSEA) 13000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         Clemence Poesy (CPOES) 3 82.69 (+0.58)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         The Giver (GIVER) 100000 35.08 (+1.17)         Miley Cyrus (MCYRU) 19997 40.69 (+0.53)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         Adriana Barraza (ABARR) 20000 0.64 (+0.05)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 25000 30.00 (0.00)         Tracks (TRCKS) 2 2.23 (-0.04)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         Whoopi Goldberg (WGOLD) 19998 42.26 (+0.13)         Miss Meadows (MSMDW) 4 1.80 (+0.02)         By the Sea (BYSEA) 100000 30.00 (0.00)         By the Sea (BYSEA) 1000 30.00 (0.00)         By the Sea (BYSEA) 100000 30.00 (0.00)         Sin City: A Dame to Kill For (SINC2) 100000 13.19 (+0.58)         Cantinflas (CANTI) 100000 6.68 (+3.65)         By the Sea (BYSEA) 100000 30.00 (0.00)         Megan Fox (MEFOX) 19998 54.18 (+0.26)         By the Sea (BYSEA) 100000 30.00 (0.00)         Hunter Killer (HNTKL) 100000 0.88 (0.00)         Clemence Poesy (CPOES) 10000 82.69 (+0.58)         Clemence Poesy (CPOES) 9998 82.69 (+0.58)         By the Sea (BYSEA) 100000 30.00 (0.00)         Lazarus (LAZAR) 980 12.59 (-0.03)         Napoleon and Betsy (NAPBS) 100000 0.03 (-0.04)         Genius (GENUS) 100000 4.25 (+1.60)         Genius (GENUS) 100000 4.25 (+1.60)         By the Sea (BYSEA) 45746 30.00 (0.00)         Criminal (CRIMN) 100000 19.12 (-0.44)         Everest (EVRST) 1 34.50 (-0.10)         Criminal (CRIMN) 100000 19.12 (-0.44)         The Man from U.N.C.L.E. (UNCLE) 1 44.94 (+0.06)         By the Sea (BYSEA) 100000 30.00 (0.00)         The Good Dinosaur (DINOS) 162 97.86 (-0.08)         Birdman (BIRDM) 100000 22.13 (-0.36)         Birdman (BIRDM) 100000 22.13 (-0.36)         Assassin's Creed (ASCRD) 1 38.60 (-0.17)         By the Sea (BYSEA) 100000 30.00 (0.00)         Sophia Bush (SBUSH) 10000 6.80 (+0.03)