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Cantor Exchange Receives Regulatory Approval, But Contracts are Banned by New Law
The Commodity Futures Trading Commission (CFTC) approved trading for our proposed Domestic Box Office Receipts (DBOR) contracts on June 28, 2010.
However,
Congress has enacted new legislation that bans box office receipts as the basis of any futures contract. In light of this legislation, Cantor is continuing to assess its options for providing risk management and financing tools to the motion picture industry.
However, the new legislation has caused us to postpone any trading of box office receipt contracts for an indefinite period of time. Therefore we have asked all traders to withdraw their available funds from their trading accounts at this time, and are not currently accepting new funding deposits.
As you know, Cantor Exchange was designated on April 22. Our product development team is investigating interesting new products that can be launched in the not too distant future. We look forward to having you as a Participant in our market as these new products are opened for trading.
Until then, if you have any questions
about this update
please
contact us
.
We appreciate your early interest in our market and thank you for your support.