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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
The Golden Years Fund (AARP) 10000 54.60 (+0.23)         Brendan Fraser (BFRAS) 20000 28.52 (+0.57)         Scouts vs. Zombies (SVSZ) 41749 25.71 (+0.63)         Transformers: Age of Extinction (TFRM4) 10000 226.21 (-0.31)         Brick Mansions - Opening Weekend (BRCKM.OW) 100000 10.00 (0.00)         The Down Under Fund (AUSIE) 10000 61.74 (+0.03)         Transformers: Age of Extinction (TFRM4) 3000 226.21 (-0.31)         The Other Woman - Opening Weeken (OTHRW.OW) 100000 20.00 (0.00)         Get Hard (GHARD) 50000 61.88 (+0.06)         The Other Woman H$20 Call (OTHRW.CA) 20000 2.00 (0.00)         Ashley Judd (AJUDD) 20000 60.90 (+1.71)         The Hunger Games: Mockingjay Par (HGAM4) 10535 315.78 (-0.37)         The British Fund (BRITS) 8720 92.53 (+0.34)         Star Trek 3 (TREK3) 20000 155.42 (+0.66)         Ansel Elgort (AELGO) 20000 54.70 (+1.36)         Tupac (TUPAC) 94740 11.89 (+0.55)         Ludivine Sagnier (LSAGN) 20000 0.55 (+0.02)         Tupac (TUPAC) 100000 11.89 (+0.55)         Ludivine Sagnier (LSAGN) 20000 0.55 (+0.02)         Tupac (TUPAC) 103 11.89 (+0.55)         Star Trek 3 (TREK3) 3000 155.42 (+0.66)         John Wick (JWICK) 50000 22.89 (+1.43)         If I Stay (ISTAY) 100000 17.62 (+3.27)         Science-Fiction Fund (SCIFI) 10000 23.78 (+0.59)         Star Wars: Episode VII (STAR7) 25000 298.88 (-0.45)         Star Wars: Episode VII (STAR7) 10000 298.88 (-0.45)         X-Men: Days of Future Past (XMEN5) 90000 230.50 (+0.20)         Young Hollywood Fund (YOUNG) 10000 69.94 (+0.03)         Tupac (TUPAC) 100000 11.89 (+0.55)         The Homesman (HOMSM) 55732 16.69 (+5.67)         Walk of Shame (WOSHM) 89900 4.79 (+0.23)         Hercules (HERCL) 1000 79.94 (-0.10)         StarBonds Fund 22 (BONDS) 10000 40.85 (+0.71)         The Academy Awards Fund (AWARD) 10000 36.66 (-0.03)         Jersey Boys (JBOYS) 33333 34.88 (+0.28)         Transformers: Age of Extinction (TFRM4) 200 226.21 (-0.31)         New York, New York Fund (NYNY) 10000 51.87 (-0.23)         The Hunger Games: Mockingjay Par (HGAM4) 6000 315.78 (-0.37)         Transformers: Age of Extinction (TFRM4) 893 226.21 (-0.31)         Allegiant Part 1 (DVRG3) 1000 81.06 (-1.27)         How to Train Your Dragon 2 (HTYD2) 1000 200.20 (-0.16)         Transcendence (TRNSC) 100000 65.52 (-4.18)         The Hunger Games: Mockingjay Par (HGAM4) 5500 315.78 (-0.37)         Let's Be Cops (LBCOP) 11111 35.35 (+0.01)         The Amazing Spider-Man 2 (SPID5) 75000 245.51 (-1.19)         Transcendence (TRNSC) 100000 65.52 (-4.18)         Labor Of Love (LBRLV) 100000 18.37 (+0.83)         The Hunger Games: Mockingjay Par (HGAM3) 6000 354.36 (-0.20)         Labor Of Love (LBRLV) 100000 18.37 (+0.83)         The Hunger Games: Mockingjay Par (HGAM3) 6000 354.36 (-0.20)