Statement of Commissioner Scott D. O’Malia on Cantor Futures Exchange, L.P. Order of Designation as a Contract Market
April 20, 2010
I concur with the granting of this Order to approve Cantor Futures Exchange, L.P. as a Designated Contract Market and I support the conditions that require Commission approval of all future classes of contracts proposed for trading on this exchange instead of allowing the exchange to self-certify future products. As I have indicated in previous statements, I continue to have serious concerns regarding the trading of media contracts and I support a very thorough review of all of these first-of-a-kind products to ensure they will provide a useful commercial hedging tool and are free from fraud and manipulation.
Last Updated: June 14, 2010