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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
She's Funny That Way (SFTWY) 2000 0.12 (+0.10)         The SpongeBob Movie 3 (SPBO3) 100 65.68 (-2.31)         War Room (WARRM) 100000 29.70 (+0.48)         War Room (WARRM) 100000 29.70 (+0.48)         The SpongeBob Movie 3 (SPBO3) 87241 65.68 (-2.31)         Object of Beauty (OBJBT) 5000 0.12 (+0.03)         The Dark Tower (DRKTW) 1000 38.72 (-0.10)         No Escape (TCOUP) 100000 24.44 (+4.38)         No Escape (TCOUP) 100000 24.44 (+4.38)         No Escape (TCOUP) 50000 24.44 (+4.38)         We Are Your Friends (WAYFR) 100000 4.86 (-5.21)         The SpongeBob Movie 3 (SPBO3) 100000 65.68 (-2.31)         The SpongeBob Movie 3 (SPBO3) 100000 65.68 (-2.31)         War Room (WARRM) 100000 29.70 (+0.48)         Straight Outta Compton (SOCMP) 99141 144.66 (+0.37)         ABC: Dr. Ken (DOCKEN) 20000 13.52 (+0.39)         CBS: Life in Pieces (LIFPCS) 20000 13.56 (+0.13)         Hitman: Agent 47 (HITM2) 99018 20.96 (+0.24)         Triplets (TRPLT) 33815 0.42 (+0.03)         Ezra Miller (EMILL) 250 25.67 (-0.08)         ABC: The Muppets (MUPPET) 20000 17.76 (+0.26)         Beverly Hills Cop (BHCP4) 50000 9.29 (+1.91)         Straight Outta Compton $150M Blo (SOCMP.BW) 20000 7.03 (-0.01)         Race (RACE) 48733 12.26 (+3.38)         Namath (NAMTH) 100000 0.08 (-0.03)         The SpongeBob Movie 3 (SPBO3) 80000 65.68 (-2.31)         Mr. Pig (MRPIG) 100000 0.08 (0.00)         Going in Style (GOINS) 5000 25.94 (-0.38)         Race (RACE) 100000 12.26 (+3.38)         XXX: The Return of Xander Cage (XXX3) 100000 26.72 (+0.93)         Aquaman (AQUMN) 10000 70.40 (-0.14)         Back Roads (BACRD) 100000 0.07 (-0.02)         The Last Witch Hunter (TLWH) 5000 37.72 (0.00)         Masters of the Universe (HEMAN) 100000 11.78 (+0.10)         Men are from Mars, Women are fro (MMWV) 17000 0.13 (-0.05)         Inhumans (INHUM) 100000 65.63 (+0.11)         Rock the Kasbah (KASBA) 20000 18.49 (+0.11)         Inhumans (INHUM) 100000 65.63 (+0.11)         FOX: Scream Queens (SCRMQU) 14050 15.21 (+0.19)         The SpongeBob Movie 3 (SPBO3) 1999 65.68 (-2.31)         FOX: Minority Report (MINORP) 20000 15.08 (+0.25)         Beauty and the Beast (BTATB) 9000 134.82 (-0.11)         ABC: Quantico (QUNTCO) 20000 13.02 (+0.37)         ABC: Quantico (QUNTCO) 20000 13.02 (+0.37)         Hansel and Gretel: Witch Hunters (HNGW2) 100000 14.58 (-0.29)         NBC: Blindspot (BLNDSP) 20000 16.52 (+0.03)         Table 19 (TBL19) 100000 1.86 (-0.02)         Black and White (BLAWH) 100000 13.22 (+0.17)         Kill Your Friends (KYURF) 100000 1.49 (+0.02)         Z For Zachariah (ZFZAC) 100000 0.90 (-0.02)