Difference between revisions of "The Cantor Futures Exchange L.P."

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{{Infobox_Company   
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| company_name = The Cantor Futures Exchange L.P.
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
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| company_logo =  [[Image:CantorExchange.png{{!}}200px]]  
| key_people =    <!-- CEO, President, etc, don't need to list everybody -->
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| key_people =    Howard W. Lutnick, CEO
 
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| location =      New York
 
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| homepage =      www.CantorExchange.com
 
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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 = http://www.cftc.gov/PressRoom/PressReleases/pr5811-10.html|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]].
  
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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.
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== History ==
 
== 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=http://www.futuresindustry.org/fi-magazine-home.asp?a=1311|name=Product Profile: Movie Futures|org=Futures Industry Magazine|date=March 24, 2009}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==
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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=http://www.usatoday.com/money/markets/2010-04-16-movieinvest16_CV_N.htm|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=http://www.cftc.gov/PressRoom/PressReleases/pr5811-10.html|name=Press Release|org=CFTC|date=April 21, 2010}}</ref>
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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 = http://online.wsj.com/article/SB10001424052702303338304575156002283394276.html|name = Movie Trade Group Objects to Futures Exchange|org = Wall Street Journal|date = April 21, 2010}}</ref>
  
 
== Key People ==
 
== Key People ==
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*[[Howard W. Lutnick]], Chairman and CEO
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*[[Richard Jaycobs]], President
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*[[Andrew Weis]], Compliance Director
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*[[Nolan Glantz]], Chief Operating Officer
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*[[Melanie Gordon-Felsman]], Vice President, Marketing and Communications
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*[[James (Les) Walker]], Chief Technology Officer
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*[[Alex Costakis]], Market Director and DBOR Specialist
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== Resources ==
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*[http://www.cftc.gov/stellent/groups/public/@otherif/documents/ifdocs/cantorfuturesexchangeorder.pdf  Cantor Futures Exchange Order Of Designation As A Contract Market]
  
 
== References ==
 
== References ==
 
<references />
 
<references />
  
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Latest revision as of 05:12, 28 July 2016

The Cantor Futures Exchange L.P.
CantorExchange.png
Headquarters New York
Key People Howard W. Lutnick, CEO
Website www.CantorExchange.com

The Cantor Futures Exchange, L.P. or The Cantor Exchange is one of the first exchanges planning to launch derivatives contracts 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.[1] The exchange is owned 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 buyers and sellers 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 accounts.

History

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.[2]

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.[3] As of late April of 2010, Cantor was still awaiting CFTC approval on the contracts.[4]

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.[5]

Key People

Resources

References

  1. CFTC Approves Cantor Futures Exchange, L.P. and Cantor Clearinghouse, L.P.. CFTC Website.
  2. Product Profile: Movie Futures. Futures Industry Magazine.
  3. Some investors put money into movies. USA Today.
  4. Press Release. CFTC.
  5. Movie Trade Group Objects to Futures Exchange. Wall Street Journal.