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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
Invisible Monsters (NVSMN) 100000 0.03 (+0.02)         It's Not About the Bike (NTBIK) 75000 0.03 (+0.02)         Interstellar (NTSTL) 1304 168.23 (+2.44)         Neon Genesis Evangelion (NEONG) 75000 0.03 (-0.02)         Teenage Mutant Ninja Turtles 2 (TMNT2) 15000 85.46 (-0.85)         The Happytime Murders (HPTMR) 10000 0.04 (+0.01)         Kicked, Bitten and Scratched (KBNSD) 75000 0.02 (-0.02)         Dear White People (DWHTP) 100000 5.68 (+0.55)         The Incredibles 2 (NCRD2) 10000 120.32 (-2.78)         Suicide Squad (SUICD) 90000 106.15 (-8.19)         FOX: Mulaney (MULANY) 20000 9.59 (-0.06)         The Avengers: Age of Ultron (AVNG2) 1 455.79 (+2.69)         Incredible Shrinking Man (ISMAN) 75000 0.04 (-0.04)         FOX: Mulaney (MULANY) 10000 9.59 (-0.06)         The Remake Fund (DJAVU) 250 39.37 (+0.13)         Dear White People (DWHTP) 100000 5.68 (+0.55)         The Taliban Shuffle (TSHUF) 100000 22.31 (+1.77)         The LEGO Movie 2 (LEGO2) 10000 135.44 (-0.67)         Harbinger (HARBN) 8000 0.02 (-0.07)         Suicide Squad (SUICD) 90000 106.15 (-8.19)         Transformers 5 (TFRM5) 50000 85.51 (-0.25)         The Mechanic 2 (MCHN2) 100000 18.00 (0.00)         Transformers 5 (TFRM5) 50000 85.51 (-0.25)         Frankie Machine (FMACH) 75000 0.05 (+0.02)         Goran Visnjic (GVISN) 4309 19.95 (+0.18)         Paz Vega (PVEGA) 43 6.66 (+0.16)         Birdman (BIRDM) 291 22.76 (-1.13)         Seth Green (SGREE) 34 27.89 (+0.16)         Ben Barnes (BBARN) 87 33.64 (+0.16)         Ice Age 5 (ICEA5) 10000 50.33 (0.00)         John Wick H$15 Call (JWICK.CA) 1 1.77 (-0.06)         Ice Age 5 (ICEA5) 10000 50.33 (0.00)         Steven Spielberg (SSPIE) 2345 93.05 (+0.22)         Leningrad (LENGD) 100000 0.03 (-0.01)         Pacific Rim 2 (PACR2) 10000 41.74 (-0.73)         Batman v Superman: Dawn of Justi (SUPE2) 1598 304.57 (+1.24)         Pacific Rim 2 (PACR2) 10000 41.74 (-0.73)         Kung Fu Panda 3 (PAND3) 5464 119.07 (+1.85)         Zootopia (ZOOTP) 4565 54.78 (+1.64)         Hotel Transylvania 2 (HTRN2) 546 52.58 (+2.38)         Robert Rodriguez (RRODR) 655 14.41 (+0.17)         The Happytime Murders (HPTMR) 10000 0.04 (+0.01)         Adventures of Tintin 2 (TINT2) 100 14.84 (+4.07)         John Wick (JWICK) 100000 34.89 (-3.82)         St. Vincent (SVDVN) 99900 23.16 (-1.08)         Damage Control (DAMGC) 99999 0.05 (+0.03)         Candy Land (CNDYL) 99999 0.04 (-0.05)         John Wick - Opening Weekend (JWICK.OW) 1 13.41 (-0.70)         Sandra Bullock (SBULL) 756 98.66 (+0.20)         Liam Neeson (LNEES) 657 81.48 (+0.20)