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The Cantor Futures Exchange L.P.

35 bytes removed, 10:12, 28 July 2016
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| company_name = The Cantor Futures Exchange L.P.
The Cantor Futures Exchange, L.P. or The Cantor Exchange is one of the first [[exchange]]s planning to launch [[derivatives]] [[contract]]s based on motion pictures. The Cantor Futures Exchange, L.P. received [[regulatory]] approval from the [[Commodity Futures Trading Commission]] (CFTC) on [[Apr. 21]], 2010 to operate as a [[designated contract market]].<ref> {{cite web|url =|name = CFTC Approves Cantor Futures Exchange, L.P. and Cantor Clearinghouse, L.P.|org = CFTC Website|date = April 21, 2010}}</ref> The exchange is [[own]]ed and operated by [[Cantor Fitzgerald]].
The CFTC also approved the [[Cantor Clearinghouse, L.P]]. ("Cantor Clearinghouse"), a sister [[company]] of the Cantor Futures Exchange on Apr. 21, 2010 to [[settle]] all trades between [[buyer]]s and [[seller]]s and to ensure the integrity of the [[marketplace]]. All participants in the exchange, once approved, will automatically become participants in Cantor Clearinghouse upon [[funding]] of their [[account]]s.
== History ==
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The Cantor Futures Exchange is an outgrowth of [[The Hollywood Stock Exchange]], a fantasy trading venue that launched in 1996 and [[Cantor Fitzgerald]] bought in 2001.<ref>{{cite web|url=|name=Product Profile: Movie Futures|org=Futures Industry Magazine|date=March 24, 2009}}</ref>
== Products and Services ==
The exchange hopes to offer Domestic Box Office Receipt contracts, also known as [[Movie Box Office Contracts]] or DBOR Movie Futures. The exchange would let people [[bet]], with a minimum of $50, against other participants on whether certain movies will do better or worse than expected.<ref>{{cite web|url=|name=Some investors put money into movies|org=USA Today|date=April 16, 2010}}</ref> As of late April of 2010, Cantor was still awaiting CFTC approval on the contracts.<ref>{{cite web|url=|name=Press Release|org=CFTC|date=April 21, 2010}}</ref>
The Motion Picture Association of American (MPAA) has vehemently opposed the idea of movie [[exchange]]. They believe it will bring about [[insider trading]] as well as tarnish the reputation and integrity of the movie business.<ref> {{cite web|url =|name = Movie Trade Group Objects to Futures Exchange|org = Wall Street Journal|date = April 21, 2010}}</ref>