Why do CME IOM Memberships keep going down in price?

R

rwurly

Why do CME IOM Memberships keep going down in price? Last sale was $39,000. These used to be much higher. It seems to be accelerating to lower prices quickly in the last 7 months. Will these go to zero?

Thanks,

R
 
It probably has something to do with this:

CME Group to Close Most Open Outcry Futures Trading in Chicago and New York by July; Most Options Markets to Remain Open
http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=894826

Old picture of pit:
the-sp-500-trading-pit-is-pictured-from-overhead-at-the-chicago-mercantile-exchange-in-chicago-illinois-in-this-late-1980s-handout-photo-reuterscme-grouphandout-via-reuters.jpg


Picture from Octover 2016:
6a00e5502e47b2883301b7c7e2dca2970b-pi
 
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