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
Jackie (JCKIE) 99999 15.37 (-0.06)         Keep Watching aka Home Invasion (HMINV) 100000 13.56 (-0.66)         Top Gun 2 (TOPG2) 100000 13.49 (+2.53)         The Polka King (POLKA) 100000 7.00 (-0.28)         The Polka King (POLKA) 100000 7.00 (-0.28)         Rogue One: A Star Wars Story - O (SW16.OW) 100000 163.86 (-0.48)         Top Gun 2 (TOPG2) 50000 13.49 (+2.53)         Trolls $140M Blockbuster Warrant (TROLL.BW) 20000 11.08 (+0.14)         Transformers: The Last Knight ak (TFRM5) 1000 173.73 (+0.84)         Emperor (EMPRR) 1000 0.60 (+0.01)         Women in Business (WMNBZ) 100000 20.23 (-1.99)         Women in Business (WMNBZ) 100000 20.23 (-1.99)         Music Fund (XOVER) 10000 70.30 (-0.10)         Top Gun 2 (TOPG2) 100000 13.49 (+2.53)         Women in Business (WMNBZ) 50000 20.23 (-1.99)         Keep Watching aka Home Invasion (HMINV) 3000 13.56 (-0.66)         Ride Along 3 (RDLO3) 50000 44.63 (+3.33)         Keep Watching aka Home Invasion (HMINV) 100000 13.56 (-0.66)         Cruella (CRULA) 48000 33.86 (0.00)         Shadows (MSHDW) 95495 21.52 (+0.86)         The Expendables 4 (XPND4) 92995 14.93 (+1.01)         The Gone World (GONEW) 100000 30.22 (+1.11)         The Gone World (GONEW) 100000 30.22 (+1.11)         It’s What I Do (IWIDO) 47000 23.12 (-0.17)         Women in Business (WMNBZ) 10000 20.23 (-1.99)         Keep Watching aka Home Invasion (HMINV) 100000 13.56 (-0.66)         Keep Watching aka Home Invasion (HMINV) 100000 13.56 (-0.66)         StarBonds Fund (BONDS) 10000 91.89 (+0.04)         Transformers: The Last Knight ak (TFRM5) 43740 173.73 (+0.84)         Booster Gold (BOSTG) 36000 29.39 (+0.03)         Matthew McConaughey (MMCCO) 20000 77.92 (+0.20)         The African-American Fund (AFRAM) 10000 99.38 (-0.03)         Ride Along 3 (RDLO3) 15000 44.63 (+3.33)         The Comic Fund (COMIC) 10000 26.70 (+0.01)         Ride Along 3 (RDLO3) 10000 44.63 (+3.33)         Disenchanted aka Enchanted 2 (ENCH2) 1 15.70 (+0.05)         Guardians of the Galaxy Vol. 2 (GOTG2) 23953 323.63 (+0.79)         Disenchanted aka Enchanted 2 (ENCH2) 53524 15.70 (+0.05)         Wish Upon (WUPON) 100000 16.61 (-0.64)         Toby Kebbell (TKEBB) 19999 71.42 (-0.26)         The Remake Fund (DJAVU) 10000 23.71 (0.00)         Portal (PORTL) 30000 25.55 (-0.03)         Women in Business (WMNBZ) 100000 20.23 (-1.99)         Chris Evans (CEVAN) 20000 129.92 (-0.28)         Jemaine Clement (JCLEM) 20000 25.89 (0.00)         The Gone World (GONEW) 100000 30.22 (+1.11)         The Gone World (GONEW) 100000 30.22 (+1.11)         The Trip to Spain (TRIP3) 100000 3.70 (+1.70)         The Trip to Spain (TRIP3) 100000 3.70 (+1.70)         Kristen Wiig (KWIIG) 20000 63.22 (+0.40)