CBOT Individual Membership

Individual membership at CBOT enables the member to trade CBOT products at discounted rates in the division of membership held. 

To be an individual member of CBOT, you must be an adult with adequate financial resources to assume the responsibilities and privileges of membership and possess good moral character, a good reputation, and business integrity. 

Exchange Memberships

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

To find out which products trade on CBOT:

Visit the Product Slate

Individual Membership Divisions

There are five levels of individual CBOT memberships. Each type determines eligibility for trading certain products at reduced rates and provides access to trading on the CME Group trading floor. 

(B-1) Full Members (FULL)

Trades: All financial and Agricultural futures and options contracts

(B-2) Associate Members (AM)

Trades: All financial futures and options and Agricultural options only

(B-3) Government, Instruments Market (GIM) Members

Trades: Financial instrument futures

(B-4) Index, Debt and Energy Market (IDEM) Members

Trades: Fed Fund and index futures

(B-5) Commodity Options Market (COM) Members

Trades: Options

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Lease Prices

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Memberships for Lease

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Applying for a CBOT Individual Membership

Once you have decided a CBOT Individual memberhsip is right for you, apply for membership.

Each of the individual CBOT memberships involve the same application process.

To apply for CBOT membership you must submit:

  • A typewritten application for membership, including answers to questions on education, employment, residential, and disciplinary history; and completion of a financial statement
  • A $2,000 non-refundable fee made payable to CME Group
  • Two 2 inch by 2 inch passport-quality color photographs
  • A certified birth certificate or passport 

During the application process, we list the name of each applicant in our Weekly Special Executive Report.

If we approve your membership application, you have 30 days to acquire a membership.

You can acquire a membership via:

  • Purchase
  • Lease from a current member
  • Firm transfer 

Acquisitions

You may submit a bid to purchase a membership at any time e.g., before you submit your application for membership, while your application is being processed, or after your application is approved.

You may also submit a lease agreement or transfer forms once you are approved for membership. You may lease a membership by paying a monthly rent to an owner of a membership.

You can find a member to lease from through your clearing firm or through a list of lessors posted on the Membership Pricing page.

Forms

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

Contact Us

Chicago

+1 312 435 3480

New York

+1 212 299 2370