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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
Annie (ANNIE) 1 44.01 (-7.12)         Highwaymen (HWMEN) 4000 8.79 (+0.04)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         The Hobbit: The Battle of the Fi (HOBT3) 1 186.20 (+6.68)         Stockholm, Pennsylvania (STKPA) 2 4.66 (+0.12)         Crawlspace (CRWSP) 4000 7.95 (+0.04)         Penguins of Madagascar (PMADG) 1000 63.14 (-0.12)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         The Hobbit: The Battle of the Fi (HOBT3) 100000 186.20 (+6.68)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         The Taliban Shuffle (TSHUF) 2000 18.90 (+0.05)         The Hobbit: The Battle of the Fi (HOBT3) 100000 186.20 (+6.68)         Winter Sleep (WNSLP) 10000 1.06 (+0.01)         The Hobbit: The Battle of the Fi (HOBT3) 100000 186.20 (+6.68)         The Truth About the Harry Queber (TAHQA) 2000 11.61 (+0.05)         Winter Sleep (WNSLP) 1 1.06 (+0.01)         Luke Evans (LUEVA) 20000 121.65 (+0.28)         Annie (ANNIE) 100000 44.01 (-7.12)         Wild (WILD1) 11 14.31 (-0.12)         The Nut Job 2 (NUTJ2) 2000 15.68 (+0.05)         Dragon Blade (DRBLD) 99999 4.05 (-0.45)         Song of the Sea (SOSEA) 1000 1.51 (+0.01)         The African-American Fund (AFRAM) 10000 22.69 (+0.76)         Song of the Sea (SOSEA) 1 1.51 (+0.01)         Forty Thieves (40THV) 100000 34.37 (-5.63)         The Bringing (TBRNG) 2000 17.86 (+0.07)         Mr. Turner (TURNR) 10 2.25 (-0.04)         Puss In Boots 2 (PUSS2) 2000 37.90 (+0.10)         Get Hard (GHARD) 10000 71.68 (+0.73)         Forty Thieves (40THV) 100000 34.37 (-5.63)         Race (RACE) 2000 12.89 (+0.17)         Forty Thieves (40THV) 1 34.37 (-5.63)         Ride Along 2 (RDLO2) 1990 38.04 (+0.30)         Forty Thieves (40THV) 1 34.37 (-5.63)         Star Trek 3 (TREK3) 30000 102.19 (-0.87)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         Spotlight (SPOTL) 50000 10.14 (+0.07)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         Our Kind of Traitor (OKOTR) 99990 0.89 (+0.05)         The Hobbit: The Battle of the Fi (HOBT3) 100000 186.20 (+6.68)         The Imitation Game (IMITG) 3000 15.30 (-0.14)         Night at the Museum: Secret of t (NMUS3) 100000 46.71 (-21.11)         Yoga Hosers (YOGAH) 52000 9.66 (+0.04)         The Hobbit: The Battle of the Fi (HOBT3) 100000 186.20 (+6.68)         Night at the Museum: Secret of t (NMUS3) 60000 46.71 (-21.11)         Evangeline Lilly (ELILL) 19999 120.03 (+0.83)         The Little Prince (LPRNC) 100000 24.88 (+0.09)         Night at the Museum: Secret of t (NMUS3) 92149 46.71 (-21.11)