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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
In the Heights (INHTS) 99999 12.73 (+1.37)         Paul Giamatti (PGIAM) 20000 2.64 (-15.69)         Alicia Vikander (AVIKA) 20000 48.69 (+2.23)         Margot Robbie (MROBB) 400 92.03 (+0.03)         The Shadow King aka Untitled Hen (SHDMK) 100000 0.30 (+0.03)         Sony Studio Fund (SONYX) 10000 9.72 (0.00)         Within (CRWSP) 100000 0.93 (+0.43)         Steve Zahn (SZAHN) 2 41.03 (0.00)         Miss Peregrine's Home for Peculi (PRGRN.OW) 9162 26.65 (+0.44)         Masterminds (LOMIS) 100000 19.79 (-1.25)         Message From The King (MSGFK) 100000 0.75 (-0.02)         Within (CRWSP) 100000 0.93 (+0.43)         Silence (SILEN) 50000 25.69 (-0.30)         Message From The King (MSGFK) 100000 0.75 (-0.02)         Toby Jones (TOJON) 1 51.60 (-13.38)         King of the Kastle (KASTL) 100000 0.91 (+0.01)         Anya Taylor-Joy (ATJOY) 20000 9.68 (-0.78)         Anya Taylor-Joy (ATJOY) 20000 9.68 (-0.78)         The Whole Truth (WHTRU) 100000 1.53 (-0.04)         Berserker aka Untitled Viking Mo (VIKIN) 100000 0.63 (-0.01)         Viggo Mortensen (VMORT) 19998 4.15 (+0.06)         The Wild Life (CRUSO) 10000 8.61 (-0.15)         Miss Peregrine's Home for Peculi (PRGRN.OW) 9162 26.65 (+0.44)         Brooklyn Bridge (BKBRD) 100000 1.19 (+0.05)         Banking on Mr. Toad (BNKMT) 100000 0.14 (+0.04)         Michael Fassbender (MFASS) 20000 37.27 (-0.30)         Hacksaw Ridge (HSRDG) 99334 38.34 (+0.09)         Miss Peregrine's Home for Peculi (PRGRN) 8531 67.38 (+0.20)         Closet Monster (CLOST) 100000 1.00 (0.00)         Alicia Vikander (AVIKA) 20000 48.69 (+2.23)         Inferno (NFERN) 100000 83.64 (-0.01)         Brimstone (BRMST) 100000 1.14 (+0.02)         Widows (WIDOW) 99999 8.33 (+4.65)         I'm Not Here (IMNHR) 175 2.95 (0.00)         George Clooney (GCLOO) 20000 48.50 (-7.18)         Jacob Latimore (JLATI) 20000 60.00 (0.00)         American Honey (AMHON) 100000 1.46 (-0.07)         Toby Jones (TOJON) 20000 51.60 (-13.38)         Bright (BRGHT) 100000 3.42 (+0.04)         Storks (STORK) 52698 64.37 (-1.45)         Viggo Mortensen (VMORT) 20000 4.15 (+0.06)         Within (CRWSP) 100000 0.93 (+0.43)         Steve Zahn (SZAHN) 20000 41.03 (0.00)         The Magnificent Seven (MAGN7) 25000 88.30 (-4.89)         Toby Jones (TOJON) 20000 51.60 (-13.38)         Paul Giamatti (PGIAM) 20000 2.64 (-15.69)         Rachel Weisz (RWEIS) 20000 74.36 (+2.68)         Colossal (COLSL) 25000 9.08 (+0.07)         Rachel Weisz (RWEIS) 20000 74.36 (+2.68)         Rob Reiner (RREIN) 20000 26.44 (-0.25)