CBOT Lease Question

[proedge_joe]

Yes Lower Rates and Caps.

2 GIM = 1 AM

Quote from mcurto:

The AM membership is 1400 to lease versus the GIM which is 900 (nitro had them flipped around). I couldn't exactly tell you how much is saved, it all depends on how much size you are trading. If you are actively scalping or position trading every day more than a couple trades, it would probably be worth it. Furthermore, you will most likely get commission caps from your clearing firm if you are trading actively as a member.

 

[nitro]

Quote from nitro:

...
Associate lease: $457
...
nitro

Whooops!

Typo, left out a 1 in front of that - should be $1457.

Sorry for the confusion.

nitro

 

[JangoFolly]

Quote from proedge_joe:

2 GIM = 1 AM

proedge_joe, can you please clarify your equation?

It looks like an AM can trade any or all of the three areas (indices & metals; gov't debt; physicals); is that correct?

Thank you.


Regards,

William

 

[spreadem]

Isn't it more prudent to buy the seat and lease it whenever you want?

 

[proedge_joe]

2 GIM's are = to 1 AM and you get a vote.

 

[Bernard111]

Quote from flyers&divers:

The lease fee may not be the only expense.

Do not forget to add the application fee, i.e. $1,000 and the lease agreement fee is $500.