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Cantor Fitzgerald gains U.S. approval for box office stock market

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Cantor Fitzgerald has gotten approval to move ahead with its planned market for trading movie box-office futures, Bloomberg reports. The market would be like a real-life Hollywood Stock Exchange where investors can buy and sell stock based on how well a given film will do. While the proposed exchange was contested by some Hollywood execs, the Commodity Futures Trading Commission voted to allow its creation.