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
Fences (FENCE) 100000 28.30 (-0.87)         The Little Mermaid (MERMD) 8907 13.37 (+1.43)         Hardcore Henry (HRDCR) 9000 9.24 (-0.32)         The Little Mermaid (MERMD) 9876 13.37 (+1.43)         Michael Madsen (MMADS) 20000 7.73 (+0.12)         Felt (FELT) 100000 14.48 (+3.83)         Keeping Up With The Joneses (KUWTJ) 100000 10.41 (-0.02)         Mother/Daughter (MTDTR) 2000 30.91 (-0.13)         Gong Li (GONLI) 1000 19.26 (0.00)         The Coldest City (CLDCT) 100000 9.89 (-0.07)         Keanu (KEANU) 100000 34.21 (-5.64)         Cicero (CICRO) 57838 0.27 (+0.05)         Dumbo (DUMBO) 1579 50.64 (-0.22)         Science-Fiction Fund (SCIFI) 10000 21.50 (-0.07)         Genesis Rodriguez (GRODR) 20000 64.32 (-0.14)         Addison Timlin (ATIML) 1000 13.04 (+0.09)         Young Hollywood Fund (YOUNG) 10000 23.03 (+0.26)         The British Fund (BRITS) 10000 27.63 (-0.09)         The African-American Fund (AFRAM) 10000 29.96 (+0.25)         Jason Mewes (JMEWE) 20000 6.40 (+0.08)         Latino Fund Siete (LATIN) 10000 20.31 (-0.01)         The Little Mermaid (MERMD) 100000 13.37 (+1.43)         The Opening Weekend Fund (OPENR) 10000 20.18 (+0.15)         Paula Patton (PPATT) 1000 36.25 (0.00)         Departure (DPRTU) 1 6.33 (-2.01)         Anti-Claus aka Comes the Krampus (KRAMP) 100000 1.24 (+0.05)         Wreck-It Ralph 2 (RALP2) 1 83.56 (+8.16)         Fast 8 aka Furious 8 (FAST8) 144 254.90 (-0.35)         Justin Long (JLONG) 20000 24.71 (+0.24)         Deadpool 2 (DEAD2) 100000 224.76 (-1.75)         Fantastic Four 2 (FANF2) 10000 6.12 (-0.08)         The Happytime Murders (HPTMR) 100000 14.28 (+3.39)         Kellan Lutz (KLUTZ) 19999 15.59 (+0.04)         Michael Nyqvist (MNYQV) 20000 10.03 (0.00)         The Happytime Murders (HPTMR) 100000 14.28 (+3.39)         Wreck-It Ralph 2 (RALP2) 100000 83.56 (+8.16)         Wreck-It Ralph 2 (RALP2) 100000 83.56 (+8.16)         The British Fund (BRITS) 10000 27.63 (-0.09)         Daniel Radcliffe (DRADC) 19999 19.18 (-0.05)         Keanu (KEANU) 1 34.21 (-5.64)         Money Monster (MONYM) 100000 32.75 (-0.16)         Money Monster (MONYM) 100000 32.75 (-0.16)         Wreck-It Ralph 2 (RALP2) 100000 83.56 (+8.16)         Monica Bellucci (MOBEL) 1000 59.29 (-0.13)         Hector Elizondo (HELIZ) 20000 46.52 (+0.40)         Me Before You (MBFYU) 100000 20.66 (+0.51)         Captain Fantastic (CFANT) 100000 5.06 (+0.89)         Me Before You (MBFYU) 1 20.66 (+0.51)         Felt (FELT) 5000 14.48 (+3.83)         Wreck-It Ralph 2 (RALP2) 2500 83.56 (+8.16)