CBOT Corporate Membership

CBOT corporate membership allows member firms to receive preferential fees and performance bond rates on their proprietary trading of eligible CBOT products when such proprietary trading activity is conducted in accordance with CME Group Fee Policies.

Exchange Memberships

CME, CBOT, NYMEX and COMEX corporate memberships are entirely separate from one another and offer access to different products at different rates. To trade specific products at member rates, you must be a corporate member of the Exchange on which they trade.

To find out which products trade on CBOT:

Visit the Product Slate

Eligibility and Requirements

Read the detailed requirements for becoming a CBOT corporate member.

For more information on CBOT corporate memberships, refer to the CBOT Rulebook, Chapter 1.

View the CBOT Rulebook.

CME Group now offers equity members the option to substitute a monthly subscription fee for their existing requirement to hold CME Group Class A common stock through the Equity Member Subscription Rate Program. 

Learn more about the Equity Member Subscription Rate Program.

CBOT Rule 106.J. Equity Membership Eligibility and Requirements

Certain financial institutions, futures commission merchants, foreign brokers, broker-dealers, commodity trading advisors, introducing brokers, commercial entities, proprietary trading firms, market makers, cash grain firms, and other corporate entities are eligible for CBOT Rule 106.J. Equity Member Firm status and may receive reduced exchange fee rates on their proprietary trading activity when such activity is conducted in accordance with CME Group Fee Policies. 

The equity member firm is eligible for preferential exchange rates on products within the division of membership owned or assigned and is required to own or have assigned to it either:

  • One Full Membership and either 20,000 CME Group shares or a $7,500 monthly equity subscription rate
  • One AM membership and either 8,750 CME Group shares or $3,500 monthly equity subscription rate

Additional CBOT 106.J. Equity Member Firm Information:

Hedge funds and commodity pools are not eligible.

The trading activity of parent companies, affiliates, subsidiaries, or customers of the member firm are not eligible for preferential exchange fee rates. The trading activity of parent companies, affiliates, and subsidiaries of the member firm may be eligible for preferential exchange fee and performance bond rates under CBOT Rule 106.I. Affiliate Corporate Membership.

The CBOT Rule 106.J. Equity Member Firm may also qualify an unlimited number of affiliates if it qualifies as a CBOT membership umbrella firm.  A CBOT Rule 106.J. Equity Member Firm may qualify as a CBOT membership umbrella firm if it owns or has assigned to it:

  • Four Full Memberships, two AM Memberships and 20,000 CME Group shares
  • Five Full Memberships and 20,000 CME Group shares (Agricultural only)

This includes the membership and shares required for the member firm’s equity member firm privileges.  In addition, the affiliates must be approved as Rule 106.I. Qualified Affiliates.

For additional information on equity membership including joint share requirements and seat ownership requirements, refer to rules 106.J. and 106.I. in the CBOT rulebook.

CBOT Rule 106.H. Trading Membership Eligibility and Requirements

Certain financial institutions, futures commission merchants, foreign brokers, broker-dealers, commodity trading advisors, introducing brokers, commercial entities, proprietary trading firms, market makers, cash grain firms, and other corporate entities are eligible for CBOT Rule 106.H. Trading Member Firm status and may receive reduced exchange fee rates on their proprietary trading activity when such activity is conducted in accordance with CME Group Fee Policies. 

The trading member firm is required to purchase one membership in the division (Full, AM, IDEM or COM) in which preferential exchange fees and performance bond rates are desired.  CME Group shares are not required.

Additional CBOT 106.H. Trading Member Firm Information

Hedge funds and commodity pools are not eligible

The trading activity of parent companies, affiliates, subsidiaries, or customers of the member firm are not eligible for preferential exchange fee rates

For additional information on trading membership including seat ownership and assignment requirements, refer to rule 106.H. in the CBOT rulebook.

CBOT Rule 106.S. Family of Funds Equity Member Firm Eligibility and Requirements

Hedge Funds, commodity pools, or fund management companies are eligible for CBOT Rule 106.S. Family of Funds Equity Member Firm status. The member firm may qualify up to six funds within the family of funds managed by the same fund management company for preferential exchange fee rates.

The Rule 106.S. Family of Funds Equity Member Firm is required to own or have assigned to it four B-1/Full Memberships, two B-2/Associate Memberships, and either 30,000 CME Group shares or a $7,500 monthly equity subscription rate. 

Additional CBOT 106.S. Family of Funds Member Firm Information

The trading activity of the investment manager, investors, parent companies, affiliates, subsidiaries or customers are not eligible for preferential exchange fee rates.

Managed accounts are not eligible for preferential exchange fee rates.

For additional information on family of funds membership including joint share requirements and seat ownership and assignment requirements, refer to rule 106.S. in the CBOT rulebook.

CBOT Rule 106.S. Family of Funds Trading Member Firm Eligibility and Requirements

Hedge Funds, commodity pools, or fund management companies are eligible for CBOT Rule 106.S. Family of Funds Trading Member Firm status. The member firm may qualify up to three funds within the family of funds managed by the same fund management company for preferential exchange fee rates.

The Rule 106.S. Family of Funds Trading Member Firm is required to own or have assigned to it two Full Memberships and one AM Membership. CME Group shares are not required.

Additional CBOT 106.S. Family of Funds Member Firm Information

The trading activity of the investment manager, investors, parent companies, affiliates, subsidiaries or customers are not eligible for preferential exchange fee rates.

Managed accounts are not eligible for preferential exchange fee rates.

For additional information on family of funds membership including seat ownership and assignment requirements, refer to rule 106.S. in the CBOT rulebook.

CBOT Rule 106.R. Electronic Corporate Member Firm Eligibility and Requirements

Certain financial institutions, futures commission merchants, foreign brokers, broker-dealers, commodity trading advisors, introducing brokers, commercial entities, proprietary trading firms, market makers, cash grain firms, and other corporate entities are eligible for CBOT Rule 106.J. Equity Member Firm status and may receive reduced exchange fee rates on their proprietary trading activity when such activity is conducted in accordance with CME Group Fee Policies. 

The member firm is eligible for preferential exchange rates on products within the division of membership leased. The member firm is required to lease or have assigned to it either:

  • One Full Membership
  • One AM Membership

Shares of CME Group are not required. 

Additional CBOT 106.R. Electronic Corporate Member Firm Information:

Hedge funds and commodity pools are not eligible.

The trading activity of parent companies, affiliates, subsidiaries, or customers of the member firm are not eligible for preferential exchange fee rates. 

For additional information on electronic corporate membership including seat ownership and assignment requirements, refer to rule 106.R. in the CBOT rulebook.

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Applying for a CBOT Corporate Membership

Once you have decided CBOT corporate membership is right for you, you may apply for corporate membership by completing and submitting the appropriate application for corporate membership and all required documents to CME Group’s Concierge Team. 

Please select the appropriate application form:

Return a scanned copy of the application and all applicable supporting documentation to: 

CME Group Concierge Services

CME Group Inc.
c/o Concierge Team
20 S. Wacker Drive
Chicago, IL 60606

Forms

Listed here are forms customers may need to process or understand their membership needs and requirements.

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