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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
Untitled Pets Project (PETS) 9000 46.31 (+0.18)         Ouija (OUIJA) 100000 30.11 (-0.96)         Val Kilmer (VKILM) 20000 14.75 (+0.08)         Kojak (KOJAK) 99996 18.04 (-1.63)         Sandra Oh (SOH) 20000 17.34 (+0.22)         War Monkeys (WMNKY) 100000 0.03 (+0.02)         Ouija (OUIJA) 100000 30.11 (-0.96)         Susan Sarandon (SSARA) 20000 23.21 (+0.16)         Kojak (KOJAK) 99998 18.04 (-1.63)         Dark Universe aka Justice League (DARKU) 10000 32.39 (+3.44)         Storks (STORK) 100000 18.36 (-0.12)         Kathy Bates (KBATE) 20000 90.08 (+0.20)         Melissa McCarthy (MMCCA) 20000 112.55 (+0.28)         Sherlock Holmes 3 (HOLM3) 40000 34.42 (+1.67)         XXX: The Return of Xander Cage (XXX3) 10000 18.36 (-4.15)         The Martian (MARTN) 40000 39.54 (+1.47)         Step Up: All In (STUP5) 99996 24.43 (-1.01)         Step Up: All In (STUP5) 99998 24.43 (-1.01)         The Dark Tower (DRKTW) 100000 19.20 (0.00)         Tupperware Unsealed (TUPRW) 99996 32.47 (-1.97)         Sandman (SANDM) 10000 51.01 (+6.64)         Tupperware Unsealed (TUPRW) 99997 32.47 (-1.97)         College Republicans (COREP) 50000 3.83 (+1.18)         The Purge: Anarchy (PURG2) 100000 69.57 (-3.35)         Scarface (SCARF) 1 22.22 (-2.31)         A Most Wanted Man (AMWM) 5000 1.49 (-0.02)         Lucy H$25 Call (LUCY.CA) 20000 4.45 (+0.12)         The Martian (MARTN) 100000 39.54 (+1.47)         Scarface (SCARF) 100000 22.22 (-2.31)         The Purge: Anarchy (PURG2) 100000 69.57 (-3.35)         Fifty Shades of Grey (50SHD) 6596 91.15 (+0.10)         Toni Collette (TCOLL) 20000 15.07 (0.00)         Entourage (ENTOR) 20000 30.67 (-0.16)         Paper Towns (PRTWN) 99999 19.52 (+0.73)         Hercules H$25 Call (HERCL.CA) 20000 1.42 (+0.02)         Fifty Shades of Grey (50SHD) 131 91.15 (+0.10)         Space Station 76 (SST76) 99999 4.29 (+0.22)         Lucy (LUCY) 100000 81.70 (+0.44)         The Martian (MARTN) 99999 39.54 (+1.47)         Sandman (SANDM) 100000 51.01 (+6.64)         Hercules - Opening Weekend (HERCL.OW) 6000 22.86 (+0.92)         G (GRAVT) 75000 0.02 (-0.05)         Sam Neill (SNEIL) 20000 37.90 (+0.16)         Storks (STORK) 99999 18.36 (-0.12)         The 3D Fund (IN3D) 10000 62.85 (+0.29)         Storks (STORK) 99999 18.36 (-0.12)         One Degree of Kevin Bacon Fund (BACON) 10000 20.12 (+0.06)         Pixels (PIXEL) 100000 63.15 (+0.40)         Passengers (PSSNG) 99999 11.96 (-0.02)         Untitled Cameron Crowe Hawaii Pr (UCCRO) 100000 38.17 (+1.35)