Electronic Corporate Member (ECM)

Discussion in 'Index Futures' started by syswizard, Jan 6, 2007.

  1. Has anyone obtained this status with the CME ?
    Just wondering what would be the total R/T cost per contract including the clearing firm fees ?
  2. Well, the last time I checked it just about cuts your fees in half. Unfortunately for me, the made the requirements much more strict for 07. I was reading that you had to avg. 50 RT's per day in the 4th quarter to get the ECM without leasing 2 seats. I am going off of memory, from 3 weeks ago, so I could be slightly off, but that was the jist of it.
  3. No, that was 50 SIDES, not R/T's.
    Also, the fee went from $1000 in 2006 to $1750 in 2007 !
    wtf....love these exchanges...oh wait, soon there will only be one as the CBOT and the CME are merging. That's great for competition, right ?