Lease or Buy.

Discussion in 'Trading' started by ozzy, Aug 17, 2005.

  1. ozzy


    Just wondering why people lease instead of buying? For example would it not be better to buy a seat on the CME instead of leasing? I'm not in the position to do such a thing just yet but I want to start gathering some information.

    Thanks in Advance.


    addtion: I'm guessing the seat price would increase year over year. Is this not the case?
  2. 1mm vs. 1500/mo, these are just guesses, that million aint no mortgage either, ie you need the cash.
  3. Leasing is, in my view, a much better and more cost-effective path... you never know, a priori, when your market is going to dry up...
  4. ozzy


    I think the last seat sale was approx 370K. I think if you have an office with multiple traders than its the way to go. Any other comments regarding seats/leasing?


  5. Ozz.. If memory serves me right, you would need an IOM membership to trade the electronically traded globex products.
  6. lease is around $600 for the $375k seat

    for starters, I'd definately lease maybe half a year
    $3k ,
    if I make much more money, maybe $100k off that $3k, of course I'd go and buy the seats and making my commission even lower,

    but as always

    try before you buy
    $600 a month is spectacular to do just that :)
  7. ozzy



    Lease before buy. But eventually I think buying a seat would be prudent.

  8. unless mkts went electronic. also the CME chart appears to have priced in a move.
  9. What are the exchange fees for leasing an IOM seat ?

  10. $ 650 per month.
    #10     Aug 17, 2005