{"id":532000,"date":"2010-04-17T14:19:02","date_gmt":"2010-04-17T18:19:02","guid":{"rendered":"http:\/\/knowledgeproblem.com\/?p=6715"},"modified":"2010-04-17T14:19:02","modified_gmt":"2010-04-17T18:19:02","slug":"will-the-cftc-allow-the-newly-approved-box-office-futures-exchange-to-actually-offer-box-office-futures-contracts","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/532000","title":{"rendered":"Will the CFTC allow the newly approved box office futures exchange to actually offer box office futures contracts?"},"content":{"rendered":"

Michael Giberson<\/em><\/p>\n

As just noted<\/a>, the CFTC has approved Media Derivatives request to establish Trend Exchange, a box office futures exchange.\u00a0 At Midas Oracle<\/em>, Chris Masse reacts to the news by drawing attention to remarks by CFTC commissioners suggesting that it may be difficult for Trend Exchange to gain the subsequent CFTC approvals<\/a> needed for it to actually offer box office futures contracts.<\/p>\n

From a Bloomberg story on the exchange approval<\/a>:<\/p>\n

The CFTC must still approve the type of contracts to be dealt before Trend Exchange can begin. The company has said its first product will center on opening-weekend box office.<\/p>\n

Product approval is \u201ca very different question\u201d from exchange approval and raises \u201csignificant concerns,\u201d Chilton said in an e-mailed statement. He said he had \u201creluctantly\u201d concurred in today\u2019s vote.<\/p>\n

\u201cWe have serious concerns regarding the trading of media contracts and we support a very thorough review of all of these first-of-a-kind products,\u201d CFTC Commissioner Scott O\u2019Malia said in an e-mailed statement.<\/p>\n

U.S. Senator Blanche Lincoln, an Arkansas Democrat, today added language banning trade in movie futures to a broader derivatives bill she is writing. Lincoln is chairman of the Agriculture Committee that oversees the commodity commission.<\/p>\n

More information from the CFTC here<\/a>, including links to the order<\/a> and related.<\/p>\n

While the CFTC’s inquiry regarding event contracts seems relevant here, I see no reference to that proceeding from 2008 in the CFTC order or concurring statements issued by commissioners.\u00a0 Perhaps, too, that is a bad sign.<\/p>\n

\"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Giberson As just noted, the CFTC has approved Media Derivatives request to establish Trend Exchange, a box office futures exchange.\u00a0 At Midas Oracle, Chris Masse reacts to the news by drawing attention to remarks by CFTC commissioners suggesting that it may be difficult for Trend Exchange to gain the subsequent CFTC approvals needed for […]<\/p>\n","protected":false},"author":4109,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-532000","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/532000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4109"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=532000"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/532000\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=532000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=532000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=532000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}