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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
Ready Player One (RDYP1) 99999 59.03 (-0.46)         Ninjago (NJAGO) 100000 29.57 (+0.01)         Kellan Lutz (KLUTZ) 20000 114.03 (0.00)         Avengers: Infinity War Part I (AVNG3) 10000 400.13 (-1.31)         Trainwreck (TRWRC) 100000 86.71 (+0.35)         The Night Before (XMAS) 38189 50.68 (-0.05)         Baby Driver (BDRIV) 99999 5.82 (+0.03)         Alfred Molina (AMOLI) 20000 70.99 (-0.26)         Star Wars: Han Solo Anthology (SWAR2) 100000 227.18 (+2.18)         The Divergent Series: Allegiant (DVRG4) 100000 91.12 (-0.44)         Fantastic Four 2 (FANF2) 10000 68.24 (-0.14)         Blade Runner 2 (BLAD2) 100000 26.55 (+3.85)         Star Wars: Han Solo Anthology (SWAR2) 96839 227.18 (+2.18)         Star Wars: Han Solo Anthology (SWAR2) 2676 227.18 (+2.18)         Alexander Skarsgard (ASKAR) 20000 18.78 (-0.26)         Labyrinth of Lies (LOLIE) 100000 0.82 (-0.05)         Ricki and the Flash - Opening We (RICFL.OW) 50000 9.12 (-0.05)         Brendan Gleeson (BGLEE) 20000 38.20 (+0.08)         Alexander Ludwig (ALUDW) 20000 110.27 (-0.28)         A LEGO Brickumentary (BTBRC) 100000 0.23 (-0.05)         A LEGO Brickumentary (BTBRC) 100000 0.23 (-0.05)         Crimson Peak (CRMSP) 100000 41.18 (-0.19)         Guardians of the Galaxy Vol. 2 (GOTG2) 50000 267.93 (-0.26)         Star Wars: Han Solo Anthology (SWAR2) 50000 227.18 (+2.18)         Van Helsing (VANHL) 6 1.95 (+0.01)         Baby Driver (BDRIV) 100000 5.82 (+0.03)         The Crow (TCROW) 100000 6.20 (-1.56)         Benjamin Walker (BWALK) 20000 25.06 (+0.24)         Trainwreck (TRWRC) 100000 86.71 (+0.35)         Alejandro Gonzalez Inarritu (AGINA) 20000 20.00 (0.00)         Star Wars: Han Solo Anthology (SWAR2) 18199 227.18 (+2.18)         Amy (AMY) 100000 7.19 (-0.05)         Albert Finney (AFINN) 20000 74.80 (-1.00)         Arnold Schwarzenegger (ASCHW) 20000 31.75 (+0.08)         Miranda Cosgrove (MCOSG) 20000 132.17 (-0.58)         Miranda Cosgrove (MCOSG) 20000 132.17 (-0.58)         Albert Brooks (ABROO) 20000 69.11 (-0.26)         Star Wars: Han Solo Anthology (SWAR2) 10000 227.18 (+2.18)         Irrational Man (IRATM) 100000 3.10 (+0.19)         Fantastic Four (FANT4) 100000 128.07 (+0.44)         Amber Heard (AHEAR) 20000 22.16 (-0.16)         Captive (CPTIV) 50000 23.37 (-0.90)         Star Wars: Han Solo Anthology (SWAR2) 500 227.18 (+2.18)         Alan Tudyk (ATUDY) 20000 149.91 (-1.14)         Alan Tudyk (ATUDY) 20000 149.91 (-1.14)         Anton Yelchin (AYELC) 20000 51.01 (-0.40)         The Circle (CIRCL) 100000 18.75 (+0.13)         Blade Runner 2 (BLAD2) 100000 26.55 (+3.85)         Blade Runner 2 (BLAD2) 100000 26.55 (+3.85)         Fantastic Four 2 (FANF2) 100000 68.24 (-0.14)