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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
Cut Snake (CUTSN) 100000 2.00 (0.00)         The Yellow Birds (YELOB) 99996 6.05 (+4.29)         Shot Caller (SHOTC) 200 18.00 (0.00)         The Yellow Birds (YELOB) 99999 6.05 (+4.29)         Trainspotting 2 (TSPO2) 99996 1.00 (+0.88)         Trainspotting 2 (TSPO2) 99999 1.00 (+0.88)         Boston Strong (BOSTN) 10001 12.90 (-0.76)         Knock Knock (KNCKN) 100 10.61 (+0.90)         Frozen 2 (FROZ2) 29825 133.05 (+3.49)         The Tale of Tales (TLOTL) 99000 2.76 (-0.19)         Kill Me Three Times (KM3TM) 23090 0.04 (+0.02)         Alien 5 (ALIE5) 100000 43.30 (+9.28)         Cut Snake (CUTSN) 9999 2.00 (0.00)         Alien 5 (ALIE5) 100000 43.30 (+9.28)         Victor Frankenstein (FRNKS) 80 24.15 (-0.40)         Ferdinand (FERDN) 80 25.66 (+0.09)         Disney Studio Fund (DISNX) 10000 42.41 (-0.28)         Central Intelligence (CINTL) 100000 32.79 (+2.13)         Kingsman: The Secret Service 2 (KTSS2) 3 52.66 (-0.35)         Alien 5 (ALIE5) 299 43.30 (+9.28)         Kingsman: The Secret Service 2 (KTSS2) 1 52.66 (-0.35)         Trainspotting 2 (TSPO2) 100000 1.00 (+0.88)         The Sports Fund (SPORT) 10000 31.53 (-0.05)         Shut In (SHUTN) 90 13.23 (-0.03)         Tomorrowland (1952) 100000 106.97 (+4.81)         Austin Powers 4 (AUST4) 450 2.13 (-0.03)         Avengers: Age of Ultron $450M Bl (AVNG2.BW) 20000 10.57 (+0.44)         Kevin Hart: What Now? (KHWN) 100000 23.89 (+0.13)         Kevin Hart: What Now? (KHWN) 100000 23.89 (+0.13)         Jem and the Holograms (JEMHG) 100000 29.24 (+2.78)         Cleopatra (CLEOP) 1 1.07 (-0.05)         Jem and the Holograms (JEMHG) 100000 29.24 (+2.78)         Dwayne Johnson (TROCK) 20 144.64 (-0.89)         CBS: Battle Creek (BATCRK) 20000 11.75 (+0.06)         When The Bough Breaks (WTBBR) 100000 20.22 (-0.15)         Grace of Monaco (GRACM) 100000 0.01 (-0.06)         Spy (SCOPR) 100000 90.64 (+1.49)         Kung Fu Killer (KFKIL) 20000 0.37 (0.00)         Salt and Fire (SLTFR) 100000 4.60 (-0.02)         Salt and Fire (SLTFR) 100000 4.60 (-0.02)         Ferdinand (FERDN) 90 25.66 (+0.09)         In Dubious Battle (DUBTL) 160 6.67 (-0.03)         World War Z 2 (WWZ2) 99999 41.47 (+11.28)         Avengers: Age of Ultron $450M Bl (AVNG2.BW) 20000 10.57 (+0.44)         Cooties (COOTI) 150 4.36 (+1.63)         Blind (BLIND) 5000 2.22 (+2.17)         Jimmy's Hall (JIMYH) 10000 0.74 (+0.73)         Gambit (GAMBI) 100000 45.12 (+0.07)         Tink (TINK) 30181 11.25 (-0.25)         Blind (BLIND) 10000 2.22 (+2.17)