looking to lease a seat

Spectre2007 · Mar 1, 2007

looking to lease a seat for a week or two intermittently throughout the year. CBOT/CME, seat must have either tbond or spooz trading rights.

PM me.

dac8555 · Mar 1, 2007

IB is much cheaper...but the floor is more fun.

minmike · Mar 2, 2007

What is the seat holder supposed to do for the rest of the time. I don't think ANY seat holder would be interested in anything under a month.

Spectre2007 · Mar 3, 2007

some of them head out on vacation for stretches less then a month. But most have fixed lease times of 6 months or greater ...not just a month.

they kinda look at it like renting out a apartment they are not using. they want a income stream for 6 months or greater.

I might have to buy a seat, and then lease it out for periods I dont intend to use it.

JangoFolly · Mar 3, 2007

Quote from Spectre2007:

some of them head out on vacation for stretches less then a month. But most have fixed lease times of 6 months or greater ...not just a month.

they kinda look at it like renting out a apartment they are not using. they want a income stream for 6 months or greater.

I might have to buy a seat, and then lease it out for periods I dont intend to use it.

There are several recent CME leases listed with a term of 1 month.

http://www.cme.com/trading/mem/leaseprices.html

minmike · Mar 3, 2007

Quote from JangoFolly:

There are several recent CME leases listed with a term of 1 month.

Sure, but none less than a month. Not sure, but there might be an exchange rule governing. Something like only one person can use a seat per month or something.

Spectre2007 · Mar 3, 2007

lease prices have come down substantially, 10 years ago they use to be around 4-5K per month.

LeonPhelps · Mar 3, 2007

Quote from Spectre2007:

lease prices have come down substantially, 10 years ago they use to be around 4-5K per month.

Dude, man, that price is per day.

Spectre2007 · Mar 3, 2007

http://www.cbot.com/cbot/pub/page/0,3181,936,00.html

per month basis... cme might be attractive but not by that many multiples.

leases are usually monthly not daily.

mgarc · Mar 4, 2007

remember that if you lease a seat, you would have to now pay self employment taxes. whether that is bigger or smaller than the commission savings you get is the determinant.