If I am or have been a CME member within the past two years, as either an equity owner or lessee, am I allowed to establish an ECM in order to train new traders?
Yes. Exchange members, whether equity owners or lessees, are allowed to own ECMs and share in the trading results of the ECM. However, any trader who owns, holds, or has owned or held a membership in any of CME’s divisions within the past two years cannot trade the ECM’s account electronically. There are no restrictions prohibiting equity members who own such ECMs from subsequently selling their memberships or giving up their leases. However, they will continue to be prohibited from trading the ECM’s account electronically for two years following the disposition of those memberships or leases.
Related Questions
- If I am or have been a CME member within the past two years, as either an equity owner or lessee, am I allowed to establish an ECM in order to train new traders?
- What kind of a transaction would increase an asset account and increase the owners equity account?
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