Cantor hot on Trend Ex’s heelsCantor Fitzgerald, the New York-based brokerage, has won CFTC approval to establish a designated contract futures market, Cantor Futures Exchange LP. The financial services outfit will also establish a registered a derivatives clearing organization, Cantor Clearinghouse. But the broker has yet to win approval for the trading of motion picture box office receipts, a proposal that was first made in 2008. Despite rubber-stamping rival Trend Exchange’s proposal for a film receipt futures market last week, the CFTC has not yet signed off any contracts for the exchange, and trading cannot begin until it has. CFTC commissioners have sounded a wary note regarding either exchange’s plans: “The commission is still considering that contract. Moreover, given the novel nature of the...