Cantor Exchange Receives Regulatory Approval from the Commodity Futures Trading Commission

NEW YORK--(BUSINESS WIRE)-- Cantor Exchange, a subsidiary of Cantor Fitzgerald, L.P., announced that they have received approval by the Commodity Futures Trading Commission (CFTC).

The approval was for the applications of Cantor Futures Exchange, L.P. for designation as a contract market and Cantor Clearinghouse, L.P. to be registered as a derivatives clearing organization.

"We appreciate the excellent work of the CFTC and look forward to continuing to work with them as they oversee our exchange and review our domestic box office receipts (DBOR) contracts for approval," said Richard Jaycobs, President of Cantor Exchange.

About Cantor Exchange

Cantor Futures Exchange, L.P. (“Cantor Exchange”) intends to provide a marketplace as a Designated Contract Market. Cantor Exchange will establish the rules of fair trading, offer the electronic trading platform for matching buyers and sellers, and supervise the trading practices of all participants in the market. Cantor Clearinghouse, L.P. (“Cantor Clearinghouse”) is a sister company of Cantor Exchange that has applied to the CFTC to be a registered Derivatives Clearing Organization. Cantor Clearinghouse will settle all trades between buyers and sellers on the Cantor Exchange and ensures the integrity of the marketplace. All participants in Cantor Exchange, once approved, will automatically become participants in Cantor Clearinghouse upon funding their accounts.

The first product that Cantor Exchange intends to offer will be Domestic Box Office Receipt contracts, also known as Movie Box Office Contracts or DBOR Movie Futures.

Cantor Exchange is a subsidiary of Cantor Fitzgerald, L.P., a leading global financial services firm. In addition to institutional debt and equity sales and trading, investment banking and other businesses and ventures, the Cantor Fitzgerald franchise includes the Hollywood Stock Exchange, a virtual entertainment market. A proven and resilient leader for over 65 years, Cantor Fitzgerald is committed to delivering a unique brand of unparalleled product expertise, innovative technology and customer service to its clients around the world.

Cantor Exchange leverages the credibility and integrity of Cantor Fitzgerald’s position in the financial services industry along with the film industry experience and expertise of the Hollywood Stock Exchange to bring to market a unique product offering designed to bring risk management, transparency, and financial flexibility to participants in the film industry.

CONTACT:

For Cantor Exchange
Melanie Gordon-Felsman, 212-610-2314
mgordon@cantor.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Entertainment  Other Entertainment  Film & Motion Pictures  Professional Services  Accounting  Finance  Legal  Other Professional Services

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