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

Discussion in 'Classifieds' started by rieszrep, Jul 2, 2017.

  1. rieszrep

    rieszrep

    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.
     
  2. motif

    motif

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

    Robert Morse Sponsor

    I don't know why you would say that and how that is helpful to the poster. I have a client that leases 3 seats and it saves him many thousands of dollars a month over the cost. They have value. That said, I'd think a summer lease of a short term will be hard to lease.
     
  4. just21

    just21

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

    rieszrep

    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.
     
  6. motif

    motif

    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.
     
  7. Robert Morse

    Robert Morse Sponsor

    If anyone would like to gift me a "completely worthless" seat worth $585,000, I'm willing to talk. :D
     
    rieszrep likes this.
  8. motif

    motif

    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
     
  9. just21

    just21

    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.
     
    rieszrep and Robert Morse like this.
  10. motif

    motif

    :D
    You can try and spin this any way you want but I made a statement and backed it up with statistical data. I win.
     
    #10     Jul 3, 2017