KCBT member clearing fees to be waived; some non-member fees reduced

Kansas City Board of Trade member clearing fees will be waived and some non-member fees will be reduced under a decision made recently by the board of directors of the KCBT Clearing Corporation. Effective March 1, the KCBT Clearing Corp. will collect only non-member fees. In addition, non-member fees on western natural gas futures will be cut in half. "With its integrity, service and market leadership, the Kansas City Board of Trade is an outstanding place to be a member and to trade, " said Scott P. Smith of Benson-Quinn Commodities Inc., president of the KCBT Clearing Corp. "This restructuring of clearing fees will make it even more attractive to conduct business at the KCBT in the future, because member transactions will be free of any exchange or clearing charges." The Kansas City Board of Trade Clearing Corp. reconciles all futures and options trades at the Kansas City Board of Trade and guarantees the financial integrity of all trades.