LOS ANGELES (CelebrityAccess MediaWire) — In case you haven't lost enough money in the stock market of late, financial services firm Cantor Fitzgerald has been developing a new securities exchange dubbed the Hollywood Stock Exchange (HSX.)
The fund doesn't use real money, but instead, trades are made with Hollywood Dollars which, at present at least, are only good for purchasing items such as hats and t-shirts from the web site's shop.
HSX allows investors to take a stake in a variety of securities including:
Stocks: stocks based on existing and in-production movies and television shows with prices reflecting what investors believe the film's returns will be.
Starbonds: An investment in an actor or director rather than a particular vehicle.
Options: Options are derivatives based around a specific event. For example, "call" and "put" options are released opening weekend of a particular MovieStock.
Funds: Groups of HSX securities aggregated to ameliorate investor exposure.
HSX got started back before the early dot.com days and was eventually purchased by financial services firm Cantor Fitzgerald in 2001. Previous incarnations of the concept have included the music industry, but surprisingly, the HSX currently doesn't trade in such coin. – CelebrityAccess Staff Writers