but faces opposition from Hollywood and the Senate Agricultural Committee, who is trying to introduce a ban on such exchanges.
Currently, Cantor Exchange is owned by Cantor Fitzgerald who runs HSX.com, which is a free, virtual novelty Hollywood Stock Exchange. This company has been test driving their exchange for many years now. The Cantor Exchange would allow traders to buy or sell contracts that predict a film’s performance during the first 24 days of release for as little as . For each dollar in a given contract is the equivalent of million in box office revenue, and contracts are determined by an initial first-day auction.
Trend Exchange will allow the sale of contracts based on a film’s performance during only the opening weekend and requires a minimum of ,000.
According to the same article, “Proponents of the exchanges say that