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KCBT Membership
The Privilege of Membership

The Privilege of Membership | Information | Sales Update
Price History | Clearing Members | Leasing Information

Virtually all the major players in U.S. and international grain trade have chosen to become members of the Kansas City Board of Trade.

These include multinational grain exporting companies, international flour and feed mills, domestic grain elevators, international wheat boards, U.S. commodity brokerage houses, and individuals trading for themselves.

To be a member, an individual must be of good character and meet exchange net worth and working capital requirements. All members must establish a business relationship with a clearing member, a higher level of membership subject to additional financial requirements and greater financial responsibility.

The exchange offers two types of memberships: Class A and Class B. There are192 Class A seats, which allow trading in any KCBT product. More than 20 Class A members are clearing members. Class B seats, of which there are 60, allow trading in stock index products.

Class A members carry one vote in every election; Class B members carry one-quarter vote in the annual election of officers and otherwise may only vote on items for which they are permitted to trade.

Class A membership brings another benefit. Class A members gain one share of ownership in the exchange itself. The adjusted net asset value of one seat recently exceeded $166,254, with the average sale price of $503,038 during 2007. On December 18, 2007, a record-high selling price of $725,000 was set.

Being a member of the KCBT has always brought status. Today, KCBT members continue to play an important role in the local and national scene.

 


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