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Cantor Exchange
Cantor Futures Exchange, L.P. ("Cantor Exchange") provides a marketplace and has applied to the U.S. Commodity Futures Trading Commission ("CFTC") to be a Designated Contract Market and a Designated Clearing Organization. Cantor Exchange establishes the rules of fair trading, offers the electronic trading platform for matching buyers and sellers, and supervises the trading practices of all participants in the market. Cantor Clearinghouse, L.P. ("Cantor Clearinghouse") is a sister company of Cantor Exchange that settles all trades between buyers and sellers on the Cantor Exchange and ensures the integrity of the marketplace. All Participants in Cantor Exchange will automatically become Participants in Cantor Clearinghouse upon funding of their accounts.
The first product that Cantor Exchange intends to offer will be Domestic Box Office Receipt contracts, also known as Movie Box Office Contracts. Final regulatory approval is anticipated in the fourth quarter of 2009.
Cantor Exchange is a subsidiary of Cantor Fitzgerald, L.P. ("Cantor Fitzgerald"), a leading global financial services firm. The Cantor Fitzgerald franchise includes Cantor Entertainment, the Hollywood Stock Exchange, institutional debt and equity sales and trading, investment banking and real estate private equity, as well as other businesses and ventures. A proven and resilient leader for over 60 years, Cantor Fitzgerald is committed to delivering a unique brand of unparalleled product expertise, innovative technology and customer service to its clients around the world.
Cantor Exchange leverages the credibility and integrity of Cantor Fitzgerald's position in the financial services industry along with the movie industry experience and expertise of Cantor Entertainment to bring to market a unique product offering that could change the landscape of financing and speculation in the film industry.