The Privilege of Membership | Information | Sales Update
Price History | Clearing Members | Leasing Information

These include multinational grain exporting companies, international flour and feed mills, domestic grain elevators, international wheat boards, U.S. commodity brokerage houses, and individuals trading for themselves.

To be a member, an individual must be of good character and meet exchange net worth and working capital requirements. All members must establish a business relationship with a clearing member, a higher level of membership subject to additional financial requirements and greater financial responsibility.

The exchange offers two types of memberships: Class A and Class B. There are192 Class A seats, which allow trading in any KCBT product. Approximately 15 Class A members are clearing members.

Class B seats, of which there are 60, provide access to the trading floor and all its amenities. These include quote services, instant news and weather information, and computer-generated trading vehicles of all kinds. Membership also makes trading more affordable, as members are exempt from exchange fees on their trades. Class A members also receive these rights.

Class A members carry one vote in every election; Class B members carry one-quarter vote in the annual election of officers and otherwise may only vote on items for which they are permitted to trade.

Class A membership brings another benefit. Class A members gain one share of ownership in the exchange itself. The adjusted net asset value of one seat recently exceeded $146,231, with the average sale price of $353,000 during 2010. On December 18, 2007, a record-high selling price of $725,000 was set.

Being a member of the KCBT has always brought status. Today, KCBT members continue to play an important role in the local and national scene.