Movie futures: Too little, too late

The Commodity Futures Trading Commission approved Cantor Exchange's box office receipts contract on June 28, a few days after the reconciled version of the House and Senate's financial reform bill, the Restoring American Financial Stability Act, expected to be signed into law before July 4, included a ban on trading futures based on box office receipts. CNBC reports that Cantor will not fight legislative efforts to ban movie futures and will instead focus on foreign currency products.

CFTC Approves Domestic Box Office Receipts Futures Contract Submitted by Cantor Futures Exchange

CNBC: The End of the Box Office Futures Business

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