For lease: Exchange seats, short term (1-2 months)

I'm hoarding a few exchange seats available for lease:

1 x IMM - $1150/mo
1 x IOM - $275/mo
1 x IOM - $275/mo
1 x GEM - $75/mo
1 x NYMEX - $300/mo
1 x NYMEX - $300/mo

Non-negotiable. There's not many 1 mo leases advertised on CME's page and I believe I'm offering them below the lowest 1 mo rates. Just need them off my hands for 1-2 months. PM if interested.

 

Exchange seats are like taxi medallion's now, completely worthless.

 

I will buy a CBOT b2 seat. PM if interested.

 

I don't have a CBOT B2 for sale. The current BBO is quite close to the historical low if my memory serves me right. Good luck!

Yeah.

 

MARKET NEWS | Fri Apr 24, 2015 | 11:35am EDT
Flash crash trader's CME seat: bought for $435,000, now worth just $69,500 Navinder Sarao bought the seat in May 2008 for $435,000, only a few months before the financial crisis hit, exchange records show; it's now valued at just $69,500, an 84 percent decline. Access to all of CME's contracts requires a so-called gold badge, which today costs $585,000 and went for $1.35 million back when Sarao bought his IOM seat.

 

If anyone would like to gift me a "completely worthless" seat worth $585,000, I'm willing to talk.

 

Now, let's compare Nymex membership pricing from the year 2000 and 2017. 1, NYMEX Division Membership Prices year 2000- 01/07/2000, $670,000. 6, 01/12/2000, $725,000. 7, 02/04/2000, $720,000. 8, 02/17/2000, $700,000. 9, 03/06/2000, $700,000 2,
NYMEX (Membership only) Division
January 2017
January 26 $161,000
January 20 $180,000
January 17 $189,000
January 13 $188,500
January 13 $189,000
January 12 $185,000

 

You are not comparing the same thing. In 2000 you owned the exchange and had trading rights. In 2017 you only have trading rights as the exchange was sold to the CME and the owners received cash or CME stock.

 

You can try and spin this any way you want but I made a statement and backed it up with statistical data. I win.

 

How much did Nymex seat holders receive when they sold the exchange to the CME?

EDIT: $11.2b in 2006 https://en.wikipedia.org/wiki/New_York_Mercantile_Exchange

How many seats were there on the NYMEX?

From wikipedia link:

The executives and exchange members owning seats on the exchange saw their net worth increase by millions of dollars in a few hours - many of the pit traders, who leased their seats instead of owning, did not.[18]