CFTC Clears Cantor Futures Exchange in Bittersweet Victory

on June 29, 2010
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The official release from the CFTC:

Washington, DC - The Commodity Futures Trading Commission today found that the terms and conditions of the proposed Domestic Box Office Receipts futures contract on the motion picture The Expendables submitted by the Cantor Futures Exchange do not violate the Commodity Exchange Act or the Commission's Regulations thereunder.

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Unfortunately for Cantor, the decision comes as Congress is set to squash any trading on box office receipts.

 

Tags: CFTC, Cantor Exchange
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