Anyone have any luck with interactive brokers sponsoring a CME seat lease? I trade around 20k contracts a month, mostly ES, NQ and the treasury futures and haven't had much luck with them offering to sponsor me unless I have a very large account equity, many times over the value of the seat. I also trade some equity ETFS, FX (both futures and spot) which makes it tough to find a broker that supports it all. Looking forward to hearing about anyone's experience with IBKR and am all ears for any other ideas as well.
You do not need your FCM to sponsor you. You contact CME Membership, buy or lease a seat, then provide your FCM, in your case IB, your member acronym to get clearing discounts.
I was told by a couple leasing brokers that the lessors require a guarantee from the FCM in order to lease a seat to me. It would be great if this isn't accurate? I have no interest in buying a seat.
I suggest you contact CME membership directly and confirm that. An IOM seat lease would cover your ES and NQ. Start with that. https://www.cmegroup.com/company/membership/individual/cme.html.
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You do 20 000 sides/mo so you will earn money by leasing a seat by yourself. What do I not understand here ?
I heard that in order to lease a seat, your FCM must guarantee the seat value to the lessor. IBKR wants a really large equity cushion to do this even though the seats I'm looking at are around 40k to 200k.