Membership

Becoming a member of the Minneapolis Grain Exchange involves a multi-step procedure in order to ensure the integrity of our members and our exchange.
  
Full Membership
Full Members can fill paper in the pit with proper registration as a floor broker with the National Futures Association.

Full Membership Procedure

Forms to complete
Membership Application

Bid to Purchase Membership
Assignment of Voting Privileges
Authorization for Release of Information

Authorization for Release of Information from Minnesota

Financial requirements
See above purchase price
$1,200 Application/Transfer Fee (Cashier's Check)
10% Bid Deposit (Cashier's Check)
 
Other
Pit Number Assigned
Attend Compliance Orientation
Select a Clearing Firm

Procedure
Application is forwarded to investigative firm for background search

Application review process
Staff
Corporate Secretary
Membership Committee
Board of Directors

Delegate Membership
Delegate Members can trade in the pit with proper registration as a floor broker or floor trader with the National Futures Association.

Delegate Membership Procedures

Forms to complete
Membership Application

Bid to Lease

Delegation Agreement

Assignment of Voting Privileges

Authorization for Release of Information

Authorization for Release of Information From Minnesota

Financial requirements
See above purchase price
$1,200 Application/Transfer Fee (Cashier's Check)
$1000 Refundable Lease Deposit (Cashier's Check)

Other
Pit Number Assigned
Attend Member Orientation
Select a Clearing Firm

Procedure
Application is forwarded to investigative firm for background search

Application review process
Staff
Corporate Secretary
Membership Committee
Board of Directors

Questions regarding membership should be directed to Jesse Marie Bartz, Chief of Staff & Assistant Corporate Secretary, 612-321-7122, or jbartz@mgex.com; or Adam Reinhart, Membership Asst., 612-321-7158, or areinhart@mgex.com