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
Namath (NAMTH) 100000 0.25 (+0.02)         The Ultimate Spider-Man aka Anim (ASPDR) 100000 38.02 (+6.87)         Pete's Dragon (PDRGN) 100000 70.48 (-0.24)         Wes Bentley (WBENT) 20000 3.77 (+0.43)         Wes Bentley (WBENT) 20000 3.77 (+0.43)         Captain America: Civil War $400M (CAPA3.BW) 20000 5.60 (+0.60)         Alexandra Shipp (ASHIP) 20000 121.00 (-1.73)         Madagascar 4 (MADG4) 100000 31.10 (-0.30)         Teresa Palmer (TPALM) 20000 13.14 (+0.11)         Bryan Singer (BSING) 20000 158.66 (-0.30)         Bryan Singer (BSING) 20000 158.66 (-0.30)         Neuromancer (NMANC) 100000 0.96 (+0.01)         The Neon Demon (NEOND) 2999 4.30 (-0.07)         Terrence Malick (TMALI) 20000 11.34 (-0.04)         Terrence Malick (TMALI) 20000 11.34 (-0.04)         The Neon Demon (NEOND) 100000 4.30 (-0.07)         Masters of the Universe (HEMAN) 100000 12.21 (+0.08)         Maze Runner: The Death Cure (MAZE3) 30000 55.93 (-0.95)         The Bad Batch (BATCH) 100000 5.99 (+1.24)         Rosario Dawson (RDAWS) 20000 11.17 (-0.08)         Haunted Mansion (HMNSN) 100000 17.48 (-0.20)         Les Cowboys (LCOWB) 100000 2.39 (+0.79)         Dr. Seuss' How the Grinch Stole (HTGSC) 10000 66.23 (-0.12)         The Salesman (SALES) 100000 2.53 (+0.78)         Deepwater Horizon (DPWTH) 50000 33.95 (+0.23)         Nia Long (NLONG) 20000 31.00 (-0.08)         Alita: Battle Angel (ALITA) 4092 32.50 (+8.98)         Star Wars: Episode VIII (STAR8) 24409 597.47 (-1.06)         The Accountant (ACTNT) 99999 39.60 (+0.23)         Masterminds (LOMIS) 100000 16.71 (+1.78)         X-Men: Apocalypse (XMEN6) 25000 199.71 (+6.01)         Luis Guzman (LGUZM) 20000 46.65 (-0.39)         Teenage Mutant Ninja Turtles: Ou (TMNT2) 25000 145.31 (-0.66)         Love & Friendship (LVFRN) 100000 3.36 (+0.50)         Luis Guzman (LGUZM) 20000 46.65 (-0.39)         Captain America: Civil War (CAPA3) 100000 397.25 (+1.50)         X-Men: Apocalypse (XMEN6) 25000 199.71 (+6.01)         Mary Elizabeth Winstead (MEWIN) 20000 22.98 (-0.24)         X-Men: Apocalypse (XMEN6) 25000 199.71 (+6.01)         Love & Friendship (LVFRN) 100000 3.36 (+0.50)         Summertime (SMRTM) 100000 2.00 (0.00)         Men are from Mars, Women are fro (MMWV) 100000 0.37 (+0.02)         X-Men: Apocalypse (XMEN6) 25000 199.71 (+6.01)         The Ultimate Spider-Man aka Anim (ASPDR) 20000 38.02 (+6.87)         Julia Roberts (JROBE) 20000 34.30 (+0.24)         Julia Roberts (JROBE) 20000 34.30 (+0.24)         Entering Hades (ENHAD) 50000 10.00 (0.00)         Being Charlie (BCHRL) 100000 0.12 (-0.01)         Jordan Peele (JPEEL) 20000 13.90 (+0.13)         Jim Parsons (JPARS) 20000 44.61 (-0.40)