CME and CBOT memberships differ and offer access to different products at different rates. These differences reflect the individual histories of each of the exchanges before. The 2007 merger brought CME and CBOT under the umbrella of CME Group.

To help you meet your business objectives, trading interests, and the level of involvement you wish to pursue with the exchanges, we offer a variety of membership types.

Broadly speaking:

• Individual memberships enable you to trade specific CME and CBOT products at reduced rates and to trade directly from the CME Group trading floor
• Clearing memberships establish you as an entity that guarantees or “clears” CBOT or CME trades, receives reduced rates, and receives income from customers whose trades you clear
• Corporate memberships combine some aspects of individual membership and clearing membership
• Electronic corporate memberships are special types of memberships for hedge funds and proprietary trading firms at the CME. At the CBOT, there are e-cbot firms that trade proprietary business only.

©2008 CME Group, Inc.