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and member who trades on the floor either by purchasing or leasing a cme
index and option membership must put up a 50k t-bill with the clearing firm
of his choice. commish is usually less than a buck
TJ
At Mon, 22 May 2000 20:47:54 -0400, Richard Josslin <TaoOfDow@xxxxxxxxxxxxxx>
wrote:
>The "$25K deposit" is neither to the CME nor for the terminal --- it
>is simply a deposit to the applicant's chosen clearing firm, the firm
>who guarantees the applicant's trades to the CME --- in other words,
> a minimum $25K
>trading account.
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