Hollywood Stock Exchange Traders
- Details
- Category: Newswire Announcements
- Published on 08 February 2010
Hollywood Stock Exchange Traders Called 88.6% of Oscar Nominations for the 82nd Annual Academy Awards
LOS ANGELES--(BUSINESS WIRE)--Hollywood Stock Exchange (HSX.com), the world’s largest virtual entertainment stock trading site, announces an 88.6% success rate for picking this year's nominations.
“With 9 out of 10 films correctly picked for Best Picture including Avatar, An Education and A Serious Man and across the board accuracy in predicting the Acting and Directing nominees, HSX traders once again displayed their keen industry knowledge”
LOS ANGELES--(BUSINESS WIRE)--Hollywood Stock Exchange (HSX.com), the world’s largest virtual entertainment stock trading site, announces an 88.6% success rate for picking this year's nominations.
“With 9 out of 10 films correctly picked for Best Picture including Avatar, An Education and A Serious Man and across the board accuracy in predicting the Acting and Directing nominees, HSX traders once again displayed their keen industry knowledge”
HSX traders exercised their collective opinion by trading NominOptionsSM and correctly predicted 39 of 44 contenders from a wide range of potential nominees in the top 8 award categories. This brings HSX' rolling five year average to 83.3%. HSX traders continue their outstanding trend in picking Academy Award nominees and final award winners.
“With 9 out of 10 films correctly picked for Best Picture including Avatar, An Education and A Serious Man and across the board accuracy in predicting the Acting and Directing nominees, HSX traders once again displayed their keen industry knowledge,” said Alex Costakis, Managing Director. “NominOptions and AwardOptions are closely watched trading events where industry insiders, pundits and media alike all monitor HSX trader opinion because of their outstanding predictive results” continued Mr. Costakis.
Past predictions include:
81st Annual Academy Awards (2009): 29/37 nominees correct: 78.4% (Kate Winslet (The Reader), Frozen River and In Bruges were not available NominOptions) with 7 out of 8 final award winners correctly predicted.
80th Annual Academy Awards (2008): 32/40 nominees correct: 80.0% with 6 out of 8 final award winners correctly predicted.
HSX has offered trading opportunities surrounding special award ceremonies for over 12 years and consistently beats polls and industry pundits in predicting the outcome of entertainment events.
About the Hollywood Stock Exchange (HSX)
Hollywood Stock Exchange, LLC is an integrated entertainment and research company driven by its patented entertainment stock market, www.hsx.com. The Company's Virtual Specialist™ technology allows an unlimited number of consumers to trade thousands of virtual entertainment securities in a fair and orderly, supply-and-demand-based market. Founded in 1996, HSX is a subsidiary of Cantor Fitzgerald, L.P.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 60 years. The Cantor Fitzgerald franchise includes capital market, sales and trading, investment banking, real estate private equity, and other businesses and ventures. Cantor Fitzgerald is one of 18 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York.
A recognized leader in the global third market, Cantor’s equities sales and trading professionals provide solutions that address clients’ requirements for execution, return optimization and risk management, offering services in domestic and international equities, derivatives, convertibles and structured products, stock loan, and contracts for differences, as well as research.
A world-class dealer across a broad spectrum of fixed income products, Cantor offers services in repo and securities lending, mortgage-backed and asset-backed securities, corporate bonds, interest rate products, agencies, SBA securities and structured products, as well as fixed income rates strategy.
Cantor’s investment banking division focuses on providing capital raising and advisory services to growth-oriented companies. The group’s structuring and distribution capability is focused on addressing innovative solutions to complex issues and challenges for clients across the globe.
Cantor Fitzgerald’s 1,400 employees serve clients through 35 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East.