NYMEX membership lease prices?

Discussion in 'Energy Futures' started by heech, Feb 18, 2010.

  1. heech

    heech

    Hi,

    Does anyone know where to find current lease prices for NYMEX memberships? CME site shows current buy/sell prices, but I couldn't find lease rates.
     
  2. heech

    heech

    Thanks! I found it shortly after I posted... go figure.

    I'm probably going to have to punt the membership idea even further down the road. I just realized corporate memberships (which is what I'd need for my commodity pool) requires me to lease *two* memberships. So, the break-even point is just that much further off.
     
  3. you mean for a CPO?
     
  4. heech

    heech

    Yes, I just registered and started trading a CPO. I'm the only investor, and doing enough volume that I thought memership may make sense. Two memberships, however, is a different story.
     
  5. heech

    heech

    Do you have any experience with ICE membership? I was about to get excited after seeing a bid/offer price of $10k on ICE membership... then I saw this:

    "The bidder must have 3,162 shares of ICE common stock in an unrestricted account at Computershare in order to place the bid."

    With ICE trading ~$100/share, that means I have to put up $300k in order to become an equity owner in ICE...? But I assume these shares can be sold if/when I ever relinquish membership?
     
  6. heech I have zero experience with ICE membership. I do lease a CME seat, but I really don't do any trading on ICE.
     
  7. TraDaToR

    TraDaToR

    TX, how much do you pay on exchange fees per contract on your markets? For some reason, I can't find it back on CME website.

    Thanks a lot.
     
  8. heech

    heech

  9. TraDaToR

    TraDaToR

    Thanks.
     
    #10     Feb 19, 2010