An exchange membership of a futures exchange is a transferable right, held by an individual or a firm, that gives access to the member rate: a schedule of exchange fees lower than the one applied to everyone else. Memberships are divided by product group, can be bought and sold at prices the exchange publishes, and can be leased by the month.
Quantitative Finance · Glosario
¿Qué es Exchange membership and member rate?
También llamado: exchange membership · member rate