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HSX Forums: Movies Board






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
Inhumans (INHUM) 100000 69.36 (+1.56)         The Comedian (COMDN) 5000 1.10 (+1.08)         Leatherface (LTHFC) 100000 25.00 (0.00)         The Chronicles of Narnia: The Si (NARN4) 31000 23.83 (-0.45)         Patient Zero (PZERO) 40000 22.39 (-0.59)         Thor: Ragnorak (THOR3) 1000 141.70 (+1.58)         Interstellar H$60 Put (NTSTL.PU) 1 2.33 (+0.03)         Minions (MNION) 1000 156.57 (+1.79)         Interstellar H$60 Put (NTSTL.PU) 10000 2.33 (+0.03)         NBC: A to Z (ATOZNB) 20000 10.59 (-0.45)         Ice Age 5 (ICEA5) 2000 51.82 (+1.85)         The Karate Kid 2 (KKID2) 35000 14.37 (-0.09)         Everest (EVRST) 100000 29.47 (-0.15)         NBC: A to Z (ATOZNB) 20000 10.59 (-0.45)         Elijah Wood (EWOOD) 20000 35.35 (-0.32)         Demolition (DMOLT) 100000 14.92 (-0.35)         The Purge 3 (PURG3) 100000 37.15 (+6.60)         Demolition (DMOLT) 100000 14.92 (-0.35)         Leatherface (LTHFC) 9000 25.00 (0.00)         The Equalizer 2 (EQLZ2) 1000 42.86 (+2.12)         Sherlock Holmes 3 (HOLM3) 1000 32.38 (+2.58)         Captain Fantastic (CFANT) 35000 4.95 (-0.11)         The Taliban Shuffle (TSHUF) 10000 22.95 (-1.32)         The Purge 3 (PURG3) 1000 37.15 (+6.60)         Danny Huston (DHUST) 20000 16.97 (-0.05)         The Mechanic 2 (MCHN2) 35000 16.18 (-0.10)         The Graveyard Book (GRVBK) 161 3.93 (-1.62)         Nightcrawler (NTCRW) 2000 34.47 (+5.31)         Robopocalypse (RCLPS) 40000 31.32 (-0.55)         The Bringing (TBRNG) 100000 20.00 (0.00)         Leatherface (LTHFC) 100000 25.00 (0.00)         Mercury (FREDI) 200 2.14 (-0.06)         The Book of Life (BOLIF) 500 42.33 (-0.61)         Dan Stevens (DSTEV) 20000 10.21 (+0.08)         Kahlil Gibran’s The Prophet (KGSTP) 35000 5.91 (+0.63)         Nightcrawler (NTCRW) 100000 34.47 (+5.31)         Indiana Jones 5 (INDI5) 100000 44.74 (-0.36)         Before I Go To Sleep (BIGTS) 100000 7.62 (-0.41)         The Choice (CHOCE) 699 27.04 (-0.03)         Alan Tudyk (ATUDY) 20000 140.17 (+1.10)         How to Train Your Dragon 3 (HTYD3) 100000 96.01 (-1.41)         The Choice (CHOCE) 24999 27.04 (-0.03)         Ouija (OUIJA) 93931 43.91 (-0.46)         Mercury (FREDI) 100000 2.14 (-0.06)         The Bringing (TBRNG) 6000 20.00 (0.00)         Mercury (FREDI) 4000 2.14 (-0.06)         Leatherface (LTHFC) 4500 25.00 (0.00)         Man Down (MDOWN) 100000 12.59 (-0.21)         Ouija (OUIJA) 100000 43.91 (-0.46)         Man Down (MDOWN) 100000 12.59 (-0.21)