Testimony Of Richard Jaycobs, President, Cantor Futures Exchange To The Commodity Futures Trading Commission

Introduction

Chairman Gensler, Commissioners Dunn, Sommers, Chilton and O’Mailia, thank you, I appreciate the opportunity to appear today and to submit written testimony on the application of the Cantor Futures Exchange, L.P. (“Cantor Exchange”) to trade Domestic Box Office Receipt Contracts (“DBOR”) and to discuss the public utility, transparency, and risk management benefits of these contracts. Cantor Exchange’s futures contracts are designed to bring risk management, transparency and financial flexibility to a wide range of participants in the film industry, similar to the role regulated futures market play in other sectors of the economy and marketplace.

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