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KCBT Sells Two Memberships At Record Levels - Two KCBT Memberships Sell At $220,000 Each

Date 28/06/2006

Two Kansas City Board of Trade memberships sold for a record-breaking $220,000 yesterday, June 27, topping the previous record of $210,000 that was set on April 24.

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.

Currently, the lowest offer to sell a seat is at $225,000.

The KCBT is a for-profit corporation organized under the laws of Delaware. There are 192 Class "A" (equity) memberships or shares of stock in the exchange and 60 "B" (non-equity) 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.