Kansas City Board of Trade (KCBT) set a new membership sale record when a seat sold for $650,000 on 18 October.
The new record surpasses the previous record of $601,000 set on 24 September.
It is certainly gratifying to see membership prices continue to achieve record highs, said KCBT president & CEO Jeff Borchardt. I see this as the result of the emphasis the exchange has placed in recent years on both contract effectiveness and shareholder value.
The value of memberships at the exchange has risen dramatically over the past 12 months, illustrated by the record seat price at the same time a year ago of just $270,000.
The increase in the value of seat sales has led many to speculate that the exchange could become a takeover target, but the exchange has continuously stressed that it has received no such approach.
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