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Lights! Camera! Futures trading!

Posted on 09 March 2009

From Investmentnews.com: Bizarre as it might initially sound, it is possible that the timing is right for a futures exchange to trade contracts based on movie ticket sales. The plan — initially spawned more than seven years ago by Cantor Fitzgerald LP of New York — is to launch a platform to trade futures contracts pegged to box office receipts.

The Commodity Futures Trading Commission has until May 27 to rule on the Cantor Movie Exchange. If approved, the exchange will be a real-dollar version of the Hollywood Stock Exchange in Century City, Calif., which Cantor purchased in early 2001. …. Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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