CX Futures Exchange

CX Futures ExchangeIndustry| Finance

|

Headquarters|

New York City

United States

Area served

| United States
Services| Designated contract market
Owner| Cantor Fitzgerald
Website| www.cxmarkets.com

CX Futures Exchange, L.P. (also called CXMarkets, and Cantor Exchange) is a designated contract market offering financial products related to forex and weather. It operates in conjunction with a sister company CX Clearinghouse as a subsidiary of Cantor Fitzgerald. Through various platforms under the CXMarkets umbrella, speculators and hedgers can make trades based on the exchange rate of currencies through binary options, as well as predictions on weather, such as where tropical storms will make landfall, snowfall amounts, rainfall amounts, and high and low temperatures.

As of the close of trading on March 29, 2019, the exchange discontinued listing of forex and gold binary options instruments until further notice.[1]

## History

In 2008, financial services firm Cantor Fitzgerald filed for federal regulatory approval for a new commodities venue called the Cantor Exchange. The aim was to turn its Hollywood Stock Exchange (HSX), a simulation game which had been operating for over a decade, into an actual money exchange which would allow individuals or institutions to buy and sell contracts based on motion picture box office revenue.[2][3]

In February 2010, it was announced that CFTC approval was expected, and the following month the Cantor Exchange would officially begin trading futures contracts on domestic box office receipts.[4]

The exchange would allow every film to have a tradable "share" whose value would end based on the four-week opening box office revenue. Speculators and hedgers could buy or sell contracts in effort to profit or hedge against loss based on a film's financial performance.[5]

Before its debut, movie executives expressed concern the existence of such an exchange would create yet another facet to take into account when assessing projects.[6][7]

## References

1. ↑ "Trading Calendar and Hours". CX Futures Exchange. https://regulatory.cantorexchange.com/products-and-markets/trading-calendar-and-hours/.
2. ↑ Hayes, Dade (7 December 2008). "HSX parent eyes real-world trading". Variety. https://www.variety.com/article/VR1117996994.html?categoryid=1009&cs=1.
3. ↑ Weisenthal, Joe (8 December 2008). "Cantor Fitzgerald Plans Real Money Hollywood Stock Exchange". Business Insider. https://static7.businessinsider.com/2008/12/cantor-fitzgerald-plans-real-money-hollywood-stock-exchange.
4. ↑ Boorstin, Julia (22 February 2010). "Cantor Exchange Expecting CFTC Approval; On Track to Launch April 20". CNBC. https://www.cnbc.com/id/35524063.
5. ↑ Weisenthal, Joe (12 March 2010). "Why I Plan To Get Insanely Addicted To The Cantor Exchange Movie Trading Platform". Business Insider. http://www.businessinsider.com/how-the-cantor-exchange-movie-trading-platform-works-2010-3?op=1.
6. ↑ Waxman, Sharon (16 March 2010). "Hollywood Nervous About Cantor Exchange". TheWrap. https://www.thewrap.com/hollywood-nervous-about-cantor-exchange-15354/.
7. ↑ Frankel, Daniel (17 March 2010). "Cantor Exchange 'Practice Trading' Results Are in". TheWrap. https://www.thewrap.com/cantor-exchange-practice-trading-results-are-15374/.

0.00

(0 votes)

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:CX_Futures_Exchange&oldid=4548682"