Hollywood Stock Exchange
|Hollywood Stock Exchange|
The Hollywood Stock Exchange (HSX) began as an online fantasy market established in 1996 and owned by Cantor Fitzgerald since 2001. HSX allows users to simulate an investment in movies, actors and studios. The trading is limited to "Hollywood dollars" that have no real world value. Nevertheless, it attracted a following among thousands of players, and its fantasy trading activity was often remarkably accurate in predicting actual ticket sales.
Cantor Fitgzerald planned to launch the exchange with a new name, The Cantor Exchange, as a real, federally regulated market that would trade futures on Domestic Box Office Receipt contracts, also known as Movie Box Office Contracts or DBOR Movie Futures.  However, Cantor abandoned that launch after receiving regulatory approval, because lobbyists had succeeded in persuading lawmakers to write a ban on such futures into FinReg legislation.