Even though I no longer trade the ym I am going to bid on a ym seat. Went from mid $30,000's to $27,000 back to $30,000 in the last few months. It's gotta be worth $40,000 once a suitor get the cbot and makes the seatholder whlole or restructuring fees and e-trading product mix. No deal goes down without paying off the participants even if they are not equity holders in the exchange business these days.
Buying an IDEM seat.
- Thread starter bsparkyman
- Start date
Money can be put to better uses IMHO
Let's see, 25% over risk free rate of return in one year if I am correct, give me a tip on an unleveraged better use of cash and I will pay you a negotiated commision if you are correct.
Last sale today $33,000. 10 % in a couple of days. You are right, there are better places to put my money in a similar asset class tudor jones. Who would settle for 10% over a couple of days.
sparky-did you buy one?
I'd be concerned how the IDEM and GEM seats will be merged in the future, but if you get a seat with stock, it's not a bad deal at all.
I'd be concerned how the IDEM and GEM seats will be merged in the future, but if you get a seat with stock, it's not a bad deal at all.
Did not buy one yet, bid and ask raised quickly, I always miss it by a tick or a day. Speculation is better access to ice products I am sure. If not, provision in takeover deal to enhance value of existing holders. They will not piss off the most active market participants, what's a couple million in a several billion dollar deal.
You could've bought them for $13,000 2 or 3 years ago. Yeah, lets buy it at on top of Wave 5
Quote from TudorJones:
You could've bought them for $13,000 2 or 3 years ago. Yeah, lets buy it at on top of Wave 5
True, you could of bought a mge seat for $30,000 just over a year ago presently selling for $115,000. A hedge fund trader would obviously see the upside with limited dowside.