This breaks the previous record of $115,000 that was set not even two weeks ago, on October 20. Membership values at an exchange tend to fluctuate, often reflecting trading opportunities.
"For the second time in less than a month, the KCBT has traded a membership for more than $100,000, which is representative of the tremendous value and return in owning KCBT shares," said Jeff Borchardt, KCBT president and chief executive officer. "The continued addition of member firms is extremely encouraging as we approach the launch of electronic trading on Dec. 12.
The KCBT is a for-profit corporation organized under the laws of Delaware. There are 192 Class A memberships or shares of stock in the exchange and 60 "B" or associate memberships.
The Kansas City Board of Trade, chartered in 1876, is the world’s largest futures market for hard red winter wheat.
