Liberal politicians (sucking up to the Hollywood lobby) have managed to destroy one promising financial innovation applied to the movie business. Posted on June 29, 2010 by admin Cantor Fitzgerald abandoning box-office futures despite regulatory approval.CNBC: The End of the Box Office Futures BusinessThe Wrap Related PostsHollywood clashed with Wall Street on Wednesday at a government hearing about the potential sale of futures contracts linked to box office receipts of major motion pictures.Cantor Exchange and Trend Exchange defend the usefulness of movie hedging.CFTC: 3-2 in favor of approval of movie contracts -SO FAR.
A sad day for economic freedom. Hopefully Trend Exchange can prevail.
I suppose:
– MDEX is done too.
– Sports futures are done too. (One firm had plans for that.)