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jeb9999

Registered: Feb 2008
Posts: 1864

07-30-09 08:32 PM

With all the IOM and IDEM seat leases available it must be tough times for professional ES and YM traders.

At the CME the price of an IOM seat is $295,000 and lease price is $1,700 a month. There are 43 seats available for lease.

At the CBOT the price of an IDEM has dropped to $13,000 and lease price is $127.17 a month. There are 19 seats available for lease.

I don't remember the last time so many IOM and IDEM seats were available for lease.

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jeb9999

Registered: Feb 2008
Posts: 1864

10-02-09 08:51 AM

Really tough times for professional ES traders.

Only 2 months later and IOM seat prices are way down. Last IOM seat sold went for only $162K (bid is now $180K).

IOM lease prices are down to $1,100 a month, but one 3 month lease just went for only $800 a month.

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random flyer

Registered: Aug 2008
Posts: 60

10-02-09 11:26 AM

what markets can i use the IDEM lease for?

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startraitor

Registered: Jan 2008
Posts: 3250

10-02-09 12:19 PM

(B-4) IDEM (Index, Debt and Energy Market) Members:

Trades: metals futures, Fed Funds, and index futures
Badge: Black

http://www.cmegroup.com/company/mem...rship-cbot.html

Quote from random flyer:

what markets can i use the IDEM lease for?

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falcontrader

Registered: Jul 2007
Posts: 75

10-02-09 12:27 PM

that is not good for the trader. the algos are pushing them out and this is proof. lease and seat prices are a function of trader being able to turn a profit.the exchanges will come to there senses soon.if the markets are totally ruled by algo s, only guys will be small stupid retail and the robots. volume will dry up , just what you are seeing.

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Masterchanger

Registered: Nov 2008
Posts: 218

11-25-09 05:59 PM

I've been thinking about an IDEM seat lease or purchase. I've heard that the purchase amount can be used as collateral in your trading account.

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