Minneapolis Grain Exchange MGEX - Minneapolis Grain Exchange
About
Membership
Application Procedure
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MGEX - Headquarters
400 South 4th Street
130 Grain Exchange Building
Minneapolis, MN 55415

ph: 612-321-7101 or
toll free: 1-800-827-4746
mgex@mgex.com

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Membership

*Membership

  Information

*Membership Prices *Clearing Members

*Membership   

  Application Procedures

*Historical Membership

   Prices

*Futures Commission   

  Merchants

*Membership Transfers *Trading & Clearing Fees  

Becoming a member of MGEX involves a multi-step procedure in order to ensure the integrity of our members and our exchange.
  
Full Membership
Full Members can fill paper with proper registration as a floor broker with the National Futures Association.

Full Membership Procedures

Forms to complete
Membership Application

Bid to Purchase Membership
Assignment of Voting Privileges
Disclosure and Authorization

A Summary of Your Rights under the FCRA (for your review)


Financial requirements
See above purchase price
$1,200 Application/Transfer Fee (Cashier's Check)
10% Bid Deposit (Cashier's Check)
 
Other
Pit Number Assigned
Attend Compliance Orientation
Select a Clearing Firm

Leased Membership
MGEX Delegate Membership is available to individuals trading on their own account.

Special incentives are available for new delegate members who sign a six month or longer lease by June 30, 2014.  For details, click here.

 
Delegate Membership Procedures

Forms to complete
Membership Application

Bid to Lease

Minimum Volume Requirements

Delegation Agreement

Disclosure and Authorization

A Summary of Your Rights under the FCRA (for your review)

Financial requirements
Lease price - See the MGEX website at http://www.mgex.com/seat_prices.html for current information, or contact the Membership Department

$1,200 Application/Transfer Fee (Cashier's Check)
$1,000 Refundable Lease Deposit (Cashier's Check)


Minimum volume requirements

Delegate Members are required to trade a minimum of twenty-five (25) MGEX contracts per month or a fee of two hundred dollars ($200) will be charged.  Trades can be in any MGEX product and either futures or options.

Additional requirements (to be completed if you are going to trade by open outcry in the Exchange Room)

Pit Number Assigned
Attend Compliance Orientation

Other
Select a Clearing Member


Questions regarding membership should be directed to Elizabeth Garvey, Membership Services Coordinator, 612-321-7158, or egarvey@mgex.com.

 
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