After a delay last week, the Commodity Futures Trading Commision approved the proposal for “Weekend Motion Picture Revenue” futures and options contracts submitted by Media Derivatives, Inc. In a 3-2 vote, the CTFC commisioners said that the futures contracts “do not violate the Commodity Exchange Act or the commission’s regulations” because box-office receipts count as… Read more.
Futures Industry News
CME Group and Dow Jones Indexes announced Tuesday the launch of a new index called the Dow Jones CME FX$INDEX, which they say will give futures brokers and traders a more efficient way to trade global currencies against the U.S. dollar. The index represents the value of the dollar as compared to a basket of… Read more.
Futures brokers and commodities traders looking to place a bet on the success or failure of specific movies will have to wait another week to find out the fate of the proposed box office futures contracts, according to the LA Times and other news sources. The Commodity Trading Futures Commission (CTFC) has been considering a… Read more.