Hi all, Just for those who don't know, I'm from way outside the industry... didn't trade my first futures contract until 2 years ago. So, I'd appreciate input from those with greater experience. I'm contemplating exchange membership for my commodity pool. I'm trying to work through the numbers and rules. I trade substantially across CME/CBOT/NYMEX, but looking through the rules... - NYMEX requires equity membership, doesn't have trading membership... I'm not putting up a million for this, so that's out. - CBOT 106.S trading membership might be an option, but I'd have to buy both a B1 and B2 membership (leasing not an option). This would cost me ~$350k. I do about 700 RT/month in CBOT right now, so I'd save about $1400/month in clearing + execution fees. I might wait on this. - CME membership is the easy one. Trading membership for the fund only requires that I purchase 1, or lease two membership in the division I want... IOM. IOM membership is going for approximately $150k right now. I trade approximately 900-1000 RT/month here as well, so I see that as a $1200/month savings. That seems like a pretty reasonable investment to me. I have plenty of capital sitting around... and there's no risk involved, right? No regular expenses? I can always sell out at whatever market price will be a few years down the road. Am I thinking about this the right way? Are there any other considerations I should be aware of? Any reason I wouldn't be approved for membership? I'm a one man shop, and no spots on my record. And as long as I'm doing this, why shouldn't I just file for floor broker status...? As far as I can tell, no other financial requirement involved. I don't know if I'd ever actually do any trades (although commissions are much lower)... but if nothing else, I want the cool badge... I'd be kind of a tourist.