Membership

Exchange and Clearing Fees

The board of directors has approved the following schedule of Exchange and Clearing Fees for each contract of futures or options bought, sold, exchanged for physical, transferred, delivered, accepted for delivery, cash settled, exercised or assigned effective May 1, 2011:

For purposes of computing fees, a “member” is the individual listed as the record holder of a membership and trades Exchange contracts for his/her own account.  Further, member rates apply to a firm or corporation which is a record owner of a membership.  Member rates do not apply to employees, associated persons, affiliate companies, subsidiary corporations or parent corporations of a member firm or corporation unless they also are a record owner of a membership.

A "delegate" is the individual listed as the record holder of a leased membership and trades Exchange contracts for his/her own account.

Exchange and Clearing Fees will be charged per account.