Showing posts with label film professionals. Show all posts
Showing posts with label film professionals. Show all posts

Sunday, December 14, 2008

Cantor Exchange Files with the CFTC!

For the first time ever, entertaining professionals, traders and movie lovers alike can hedge and speculate on the ticket sales of Hollywood blockbusters. With real-time quotes and 24-hour trading, Movie Box Office Contracts on the Cantor Exchange are going to give traders a chance to experience a part ownership in movies based on a film’s box office sales.

The predicted domestic box office revenues in the first month of a selected film’s release will effect the market offering of a Movie Box Office Contract on the Cantor Exchange. Traders who think a film’s revenue will be higher than the contract price can buy a Movie Box Office Contract and participate in a film’s potential success. Hedgers and sellers who think that a film’s box office revenue will be lower than the contract price may expand their financing alternatives and trading opportunities by selling a contract.

Movie Box Office Contracts, if approved, will be a next generation film-financing tool that allows market participants to hedge risk and provides them profit opportunities based on the first four weeks of a film’s theatrical performance (ticket sales).


Cantor exchange announced just a few days ago that it has filed an application with the Commodity Futures Trading Commission to launch the Cantor Exchange.Cantor Exchangehas filed an application with the Commodity Futures Trading Commission (“CFTC”) to become a federally regulated, internet-based marketplace where customers become members of the exchange and have direct access to trade in the market. The Cantor Exchange intends to list Domestic Box Office Reciept contracts as the exchange's initial traded product.
This is of course is subject to the regulatory approval of the Commodity Futures Trading Commission. Domestic Box Office Receipt
contracts will offer film finance professionals and traders a new opportunity to hedge and speculate on the
theatrical performance (ticket sales) of major film titles. Domestic Box Office Receipt contracts will be a
next generation financial management tool that allows film professionals to hedge risk and provides
speculative opportunities to other market participants based on the first four weeks of a film’s box office
performance.