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Re: Leasing A Seat At The CBOT
Which CBOT membership were you looking at? there are different classes.
I think you are implying the B4 IDEM class right?
If that is the case, according to Hubert's math, you need 7 round turns per day to break even from cost of application fee and fees to be worth while, any more contracts is money saved.
if you do not consider the $1500 one time application fee as part of business and only the fees, then its 3 round turns a day to break even for the cost of the monthly membership fee.
the B4 IDEM class was meant for individual ownership/control so you cannot use anyother entity to lease or purchase other than your personal name.
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