Question about CME Membership

I want to say yes, as traders who owned seats made and lost money buying / selling the membership but will double check with my CME contact.
 
schizo said:
Just 10 years ago, the seat sold for over $1 Mil a pop. Man I feel sorry for those folks. Who knew it would come down so much. I just might as well wait a few more years. At the going rate, who knows, we might see it swoon under 10 grand (IOM).

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why does the price of a seat fluctuate so much?
 
guowei58 said:
why does the price of a seat fluctuate so much?
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CME used to be a mutual until the stock floated on NYSE so you can not compare seat prices in the past with now as you used to own the exchange as well as having trading rights. Now you only have trading rights.
 
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