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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
Namath (NAMTH) 100000 0.02 (-0.02)         Damn Yankees (DAMNY) 100000 0.01 (0.00)         Get Hard (GHARD) 100000 67.08 (+0.13)         FOX: Empire (EMPIRE) 20000 8.30 (+0.30)         American Sniper (AMSNP) 100000 55.66 (+0.13)         The Vatican Tapes (VATAP) 15 14.74 (0.00)         Sienna Miller (SMILL) 20000 28.21 (+0.08)         Jupiter Ascending (JUPTR) 100000 62.55 (+0.13)         Independence Day 2 (IDAY2) 50000 110.64 (+0.12)         Fifty Shades of Grey (50SHD) 100000 119.33 (+0.25)         In the Heart of the Sea (HRTSE) 100000 38.61 (+0.10)         Felicity Jones (FJONE) 20000 39.83 (+0.16)         Emily Watson (EWATS) 20000 25.32 (+0.08)         LEGO Batman (LBATM) 100000 88.27 (-1.51)         Ride Along 2 (RDLO2) 100000 39.47 (+0.10)         The Vatican Tapes (VATAP) 10403 14.74 (0.00)         Eddie Redmayne (EREDM) 20000 27.69 (+0.08)         Zootopia (ZOOTP) 100000 69.19 (+0.13)         Goosebumps (GBUMP) 200 23.55 (+1.10)         Untitled Rogen/Gordon-Levitt X-M (XMAS) 100000 46.14 (+0.13)         Star Trek 3 (TREK3) 34999 133.83 (+0.32)         The Hunger Games: Mockingjay Par (HGAM3) 9000 302.61 (-0.55)         Ted 2 (TED2) 100000 112.57 (+0.25)         Minions (MNION) 100000 172.81 (+0.36)         Fantastic Beasts and Where to Fi (FBSTS) 100000 102.32 (+0.13)         Big Hero 6 (BHERO) 200 152.66 (+0.07)         Spectral (SPTRL) 25000 22.37 (+1.93)         Chappie (CHAPI) 300 64.18 (0.00)         The Mummy (MUMY4) 100000 37.80 (-0.10)         The Theory of Everything (TOEVT) 64999 13.63 (+0.36)         The Mummy (MUMY4) 25000 37.80 (-0.10)         The Mummy (MUMY4) 43998 37.80 (-0.10)         The Town That Dreaded Sundown (TTTDS) 2 0.10 (0.00)         Jungle Book: Origins (JNGBO) 19999 31.53 (-0.25)         Florence (FLORN) 4000 16.83 (-0.27)         The Trap (TTRAP) 53600 19.94 (-0.16)         Sherlock Holmes 3 (HOLM3) 10000 33.06 (-0.56)         The Snowden Files (SNWDN) 10000 25.06 (-0.84)         The Snowden Files (SNWDN) 1700 25.06 (-0.84)         Dark Universe aka Justice League (DARKU) 5000 38.07 (-1.35)         Inside Out (NMIND) 100000 148.89 (+0.25)         Dark Universe aka Justice League (DARKU) 12000 38.07 (-1.35)         Finding Dory aka Finding Nemo 2 (NEMO2) 5000 165.85 (+0.02)         Penguins of Madagascar (PMADG) 100000 86.62 (-0.88)         The Theory of Everything (TOEVT) 10000 13.63 (+0.36)         Horrible Bosses 2 (HBOS2) 100000 67.50 (-0.81)         Spectral (SPTRL) 100000 22.37 (+1.93)         Steve Jobs (SJOBS) 100000 25.14 (+1.60)         Pitch Perfect 2 (PTCP2) 1 60.03 (0.00)         Everest (EVRST) 25000 26.35 (0.00)