http://www.nytimes.com/reuters/2010/02/22/arts/entertainment-us-exchange-boxoffice.html?_r=1 EW YORK (Reuters) - Traders will soon be able to place possibly the surest bet around: the next James Cameron film. Cantor Fitzgerald said on Monday it expects to launch an electronic futures exchange next month that would allow investors to bet on box office returns for movies. The closely held broker... [more]
http://www.nytimes.com/reuters/2010/02/22/arts/entertainment-us-exchange-boxoffice.html?_r=1
EW YORK (Reuters) - Traders will soon be able to place possibly the surest bet around: the next James Cameron film.
Cantor Fitzgerald said on Monday it expects to launch an electronic futures exchange next month that would allow investors to bet on box office returns for movies.
The closely held broker dealer expects the new asset class, films, to attract anyone from a producer or studio shoring up financing, to a hedge fund, to an individual film buff putting his money where his mouth is.
"People love movies, and this is a way for them to profit from what they know," said Melanie Gordon-Felsman, a Cantor spokeswoman. "Let's say you love 'Avatar,' and you loved 'Titanic,' and (director) James Cameron's coming out with his next movie -- so you want to get in the game."
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Response by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
Wall Street just gets sillier and sillier. Volcker was right 20 years of financial innovation and the best they could do was the ATM.
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Response by julialg
almost 16 years ago
Posts: 1297
Member since: Jan 2010
get the government out of all private economic activity and let the free market work... prior 1913
Great piece by Charlie Munger of Berkshire Hathaway.
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Response by julialg
almost 16 years ago
Posts: 1297
Member since: Jan 2010
who will pay the government workers salaries and pensions when everyone works foe the government?
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Response by julialg
almost 16 years ago
Posts: 1297
Member since: Jan 2010
volckers a dinosaur who made one good call and has been living off that trade for 30 years; it was really the president who deserved the credit in 1980; volcker was just the clerk executing the order.
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Response by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
I disagree on Volcker, It makes no sense for Tax payers to subsidze banks engaging in risky behavior. This is not just about proprietary trading. Investing in China may be a great business opportunity for say Citibank, but why should they they finance this through the Fed and/or FDIC insured deposits.
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Response by julialg
almost 16 years ago
Posts: 1297
Member since: Jan 2010
i agree. get rid of the fed and get the government completely out of the private sector.
Wall Street just gets sillier and sillier. Volcker was right 20 years of financial innovation and the best they could do was the ATM.
get the government out of all private economic activity and let the free market work... prior 1913
http://www.slate.com/id/2245328/
Great piece by Charlie Munger of Berkshire Hathaway.
who will pay the government workers salaries and pensions when everyone works foe the government?
volckers a dinosaur who made one good call and has been living off that trade for 30 years; it was really the president who deserved the credit in 1980; volcker was just the clerk executing the order.
I disagree on Volcker, It makes no sense for Tax payers to subsidze banks engaging in risky behavior. This is not just about proprietary trading. Investing in China may be a great business opportunity for say Citibank, but why should they they finance this through the Fed and/or FDIC insured deposits.
i agree. get rid of the fed and get the government completely out of the private sector.