Why do CME IOM Memberships keep going down in price? Last sale was $39,000. These used to be much higher. It seems to be accelerating to lower prices quickly in the last 7 months. Will these go to zero? Thanks, R
It probably has something to do with this: CME Group to Close Most Open Outcry Futures Trading in Chicago and New York by July; Most Options Markets to Remain Open http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=894826 Old picture of pit: Picture from Octover 2016:
and they're leasing for around $300... http://www.cmegroup.com/company/membership/individual/cme.html#pricing