Electronic Exchange Membership Program

Infinity representatives can assist you to determine if the CME and CBOT electronic trading memberships are right for you. If these programs are right for you Infinity will assist you with the membership application process.

Chicago Board of Trade. This program can save you $1.30 per round turn on exchange fees on YM (Mini Size Dow) trades. Higher volume traders may benefit from this program. As of February 2008, the cost of leasing a seat is $2,000 up front (paid to the CME Group) and in addition, a monthly leasing fee (currently about $100) that can be debited directly from the account. The monthly rate is variable and will fluctuate with the supply and demand of the seats. See the exchange website for historical data on monthly leasing prices. Individuals or entities owned by one individual (i.e. an LLC with one owner) can apply.

Chicago Mercantile Exchange. This program can save you $1.04 per round turn on exchange fees. Higher/consistent volume traders may benefit from this program. As of March 2007, the cost of leasing a membership in this program is a one time up front fee (paid to the CME) of $1,750. There is no monthly leasing rate. However, you must average 25 round turns per day on a monthly basis to retain the membership. Volume is reviewed quarterly. All forms of corporations, partnerships, and sole proprietorships can apply for this program.