What's going to happen with CME's Electronic Corporate Membership?

J

Jachyra

Does anyone know or have an opinion on what the CME is most likely going to do with these 106.R Memberships come December 2006? I keep thinking they're going to extend it again, but thats not based on anything except wishful thinking.
 
Is ECM an advantage if you're a individual trader? In order to qualify, you need to incorporate which means you get tagged as a pro. Professionals pay much higher data fees. It seems to negate the cost savings when you join the ECM. You have to overcome the yearly fee and the data fees. Hyperactive traders will benefit but what about someone who only does 3-8 trades a day?

But I understand there is a fairly good chance it will be renewed since it's been extended in the past.
 
I already have a corporate account, so I already labeled as a "pro". As I understand ECM 106.R program is until December 2006 and it costs $1000 or $1500. Not sure if I want to join just for 4 months...
 
Is there any new info on whether the ECM will be extended? Also curious to know whether you can set up an LLC and still take advantage of the blended tax rate afforded by futures?
 
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