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 electronic application for membership, including answers to questions concerning educational, employment & residential history as well as disciplinary history and completion of a financial statement
• A $2,000 wire for the non-refundable application fee
• A signed letter of intent 
• A copy of the applicants current  trading account statement or if trading for a proprietary firm a signed letter of confirmation from the firm
• A copy of the applicant's unexpired passport
• Please refer to the Membership Application Instructions & Checklist posted on the Membership forms pages

Notes:

• The membership application forms can be found on the Membership Forms pages 
• All membership documents must be submitted electronically

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 

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.