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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
Valerian and the City of a Thous (VALER) 24820 73.50 (+0.04)         The Strangers 2 (STRN2) 15000 4.40 (-0.64)         Dumbo (DUMBO) 49000 67.90 (-0.26)         Sing $225M Blockbuster Warrant (SING.BW) 20000 13.04 (+0.24)         Captive State (CAPST) 15000 21.61 (-0.55)         Sing $225M Blockbuster Warrant (SING.BW) 20000 13.04 (+0.24)         Rogue One: A Star Wars Story $47 (SW16.BW) 20000 15.53 (+0.22)         Star Wars: The Last Jedi aka Epi (STAR8) 50000 640.69 (+2.88)         Rogue One: A Star Wars Story $47 (SW16.BW) 20000 15.53 (+0.22)         Fantastic Beasts and Where to Fi (FBSTS.BW) 20000 18.35 (0.00)         CBS: Ransom (RANSOM) 20000 9.10 (0.00)         How To Be A Latin Lover (HTBLL) 100000 19.71 (-0.09)         The Little Mermaid (MERMD) 351 5.84 (+0.02)         The Strangers 2 (STRN2) 100000 4.40 (-0.64)         Alien 5 (ALIE5) 40000 27.04 (-1.58)         Slenderman (SLNDR) 50000 28.40 (+0.22)         Doctor Strange $210M Blockbuster (DRSTR.BW) 20000 19.54 (+0.01)         N7: Joel Edgerton - Loving - Act (N7AJED) 20000 2.97 (-0.08)         A Dog's Purpose (ADOGP) 5000 37.89 (+3.82)         White Boy Rick (WBRIC) 1 18.00 (0.00)         You Were Never Really Here (YWNRH) 225 4.10 (-0.02)         Terminator 2 (TERM6) 100000 27.95 (-2.14)         The Sisters Brothers (TSBRO) 225 5.24 (-0.03)         Frozen 2 (FROZ2) 10000 151.91 (+0.26)         Daisy Ridley (DRIDL) 20000 89.85 (-2.41)         White Boy Rick (WBRIC) 100000 18.00 (0.00)         Alien 5 (ALIE5) 94999 27.04 (-1.58)         Valerian and the City of a Thous (VALER) 10000 73.50 (+0.04)         XXX: Return of Xander Cage (XXX3) 100000 51.24 (+4.93)         Thoroughbred (THORO) 100000 6.78 (+1.99)         You Were Never Really Here (YWNRH) 200 4.10 (-0.02)         Solace (SOLAC) 9000 0.01 (-0.01)         Flatliners (FLATL) 100000 38.14 (-0.21)         Lights Out 2 (LITS2) 100000 26.43 (+3.21)         The Sisters Brothers (TSBRO) 200 5.24 (-0.03)         Frozen 2 (FROZ2) 4431 151.91 (+0.26)         Natalie Portman (NPORT) 175 44.54 (+0.27)         An Inconvenient Sequel (INCV2) 100000 16.95 (+0.04)         You Were Never Really Here (YWNRH) 175 4.10 (-0.02)         NBC: Taken (TAKENN) 20000 7.59 (+0.59)         The Sisters Brothers (TSBRO) 175 5.24 (-0.03)         Terminator 2 (TERM6) 100000 27.95 (-2.14)         All Eyez on Me (TUPAC) 100000 31.27 (-0.05)         Sharon Stone (SSTON) 20000 10.98 (+0.04)         Natalie Portman (NPORT) 150 44.54 (+0.27)         White Boy Rick (WBRIC) 10000 18.00 (0.00)         Ruth Wilson (RUTHW) 20000 53.22 (-0.13)         Logan (WOLV3) 662 149.77 (+0.13)         Rachel McAdams (RMCAD) 6000 57.42 (+0.14)         The Assignment (TOMBO) 100000 2.45 (+1.46)