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The Kansas City Board of Trade set a new all-time record for the sale of a Class “A” or full membership (share) with a sale at $190,000, topping the previous record of $178,000 that was set on February 24, 2006. Later in the day, another new record was set with a sale at $192,000.
Currently, the lowest offer to sell a seat is at $200,000.
Membership values at an exchange tend to fluctuate, often reflecting trading opportunities. Memberships have been steadily rising, with the average sale price for 2005 at $152,000 and 2004 at $112,667.
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, founded in 1856, is the world's largest futures market for hard red winter wheat. This year, the exchange is celebrating its 150-year anniversary.
