Movie Box Office Bets on Hold | Bleader

Monday, April 12, 2010

Movie Box Office Bets on Hold

Posted By on 04.12.10 at 11:06 AM

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Under pressure from the film industry, the Commodities Futures Trading Commission on Friday gave itself another week to make a decision on the Trend Exchange, one of two proposals for markets that would trade in derivative contracts on movie box office receipts. As I reported last week, last-minute objections from a coalition including the Motion Picture Association of America brought the approval process to a halt. The CFTC now says it'll wrap no later than April 16.

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