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Leasing A Seat At The CBOT
For those interested in leasing a seat at the CBOT please check this link here:
CBOT - Lease Ranges The current rate is $83 a month plus an initial one time fee of $1500. You are looking at saving over $2 or so roundtrip per contract.
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Re: Leasing A Seat At The CBOT
Hey not as bad as I thought....the savings would add pretty quick. lol I sound like I'm shopping at Walmart or something. ha ha
Thanks for the link Soul. |
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Re: Leasing A Seat At The CBOT
It would be a great experience, even if you're not planning to trade since it's a whole new ballgame. If I were living in Chicago, I'd seriously give it a try. I wonder now that CBOT is merging with CME, would they hike up the rates too?
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"It's against human nature to succeed in the markets"-- Newbie Trader Lounge |
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Re: Leasing A Seat At The CBOT
I did start trading on the pits here in Bs AS Argentina, we use to have a very dynamic market during the Menem goverment... its an experience that I do miss and I think I will never have that again... I did change to electronic markets in US futures and I did a very painfull process to learn how to feel the market without the pit stimulous... I did have pit noise with Ben, but it really doesnt get even near to the real thing... I think that if you like very small scalping, that is the place... cheers Walter.
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Re: Leasing A Seat At The CBOT
Question for guys whose have leased a seat.
Do you have a LLC or a Corp? I have a full time job and trade part-time - so not sure which would be good for me. From reading some threads on EliteTrader looks like LLC is not tax efficient. |
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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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LinkBack to this Thread: http://www.traderslaboratory.com/forums/f2/leasing-a-seat-at-the-cbot-772.html
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| Posted By | For | Type | Date | |
| Translated version of http://www.traderslaboratory.com/forums/f2/leasing-seat-cbot-772.html | This thread | Refback | 02-26-2007 07:39 AM | |
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