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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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How To Be A Latin Lover (HTBLL) 100000 15.13 (-0.20)         Connie Nielsen (CNIEL) 11292 33.61 (+0.05)         Five Nights at Freddy's (5NAFD) 23322 14.12 (+0.84)         Julia Roberts (JROBE) 1 35.42 (-0.07)         Dark Universe aka Justice League (DARKU) 100000 27.01 (+0.54)         Katherine Heigl (KHEIG) 20000 30.39 (-0.07)         Dick Cheney biopic (CHENY) 100000 24.10 (-0.63)         Terrence Malick (TMALI) 20000 10.49 (-0.04)         Dick Cheney biopic (CHENY) 100000 24.10 (-0.63)         Take Me (TAKME) 100000 1.98 (-0.02)         Operation Finale (OPFIN) 100000 21.79 (-0.40)         Mary Queen of Scots (MQOFS) 100000 14.30 (-0.10)         High Life (HLIFE) 100000 4.97 (-0.34)         Susan Sarandon (SSARA) 20000 11.41 (-0.04)         Departures (DEPRT) 100000 8.98 (-0.22)         Churchill (CHRCH) 100000 3.32 (+0.16)         Suicide Squad 2 (SUIC2) 46166 184.44 (-0.50)         Tom Felton (TFELT) 20000 28.70 (-0.08)         Risk (RISKD) 94069 3.11 (+0.80)         Tahar Rahim (TRAHI) 18797 3.85 (-0.02)         All The Money In The World (ATMIW) 100000 28.90 (+0.44)         Suicide Squad 2 (SUIC2) 47103 184.44 (-0.50)         Dick Cheney biopic (CHENY) 100000 24.10 (-0.63)         All The Money In The World (ATMIW) 100000 28.90 (+0.44)         Five Nights at Freddy's (5NAFD) 100000 14.12 (+0.84)         Five Nights at Freddy's (5NAFD) 100000 14.12 (+0.84)         Christopher Robin aka Winnie the (WINPO) 99999 37.14 (-0.06)         Julia Roberts (JROBE) 20000 35.42 (-0.07)         God's Not Dead 3 (GODN3) 100000 11.71 (+0.52)         God's Not Dead 3 (GODN3) 100000 11.71 (+0.52)         Julia Roberts (JROBE) 1 35.42 (-0.07)         Detective Pikachu (PIKAC) 100000 28.82 (-0.26)         Detective Pikachu (PIKAC) 100000 28.82 (-0.26)         Gabriel Iglesias (GIGLE) 20000 36.31 (-0.08)         Soldado aka Sicario 2 (SICA2) 100000 21.26 (+1.17)         Death Note (DNOTE) 1 0.17 (+0.02)         Gears of War (GEARS) 100000 4.11 (+0.71)         Soldado aka Sicario 2 (SICA2) 100000 21.26 (+1.17)         David Oyelowo (DOYEL) 20000 9.13 (-0.04)         Death Note (DNOTE) 1 0.17 (+0.02)         Billy Crudup (BCRUD) 20000 16.71 (+0.04)         Curious George (CGEOR) 99994 27.49 (+0.77)         Five Nights at Freddy's (5NAFD) 99999 14.12 (+0.84)         Scarlett Johansson (SJOHA) 18385 163.82 (0.00)         Avatar 3 (AVAT3) 5000 274.54 (+0.12)         Ballers (BALLR) 100000 7.00 (+0.53)         Ballers (BALLR) 100000 7.00 (+0.53)         Call of Duty (CODUT) 99996 25.66 (+0.84)         Zach Braff (ZBRAF) 19999 55.48 (0.00)         Rainn Wilson (RAWIL) 20000 31.78 (-0.08)