Can you trade on the CME as a non-member?

Hi all

Could someone please tell me if it's possible to trade forex futures on the Chicago Mercantile Exchange without putting up hundreds of thousands of dollars for a seat/membership? I'm a smallish trader from Australia.

If you are able to trade on the CME without a membership, how would a trader from Australia go about setting this up?

Any info would be greatly appreciated.

Thank you

Then you'd have to trade thru a member, which entails setting up an account with them. There are brokers that specialize in CME products, find the one that offers the contracts you want (ie: google) and setup an account.

i hear you can lease a seat for $900/mo, and it brings your rt commish to around $1.3

According to the website a full lease is nearly $4k a month, while the IMM lease is about $3k a month.

You can trade CME and Globex futures through IB.

If your question is how to trade currency futures through CME, just sign up an any futures broker such as MB Trading, Mirus Futures, Infinity Futures, etc.

Margin is low for intraday trading (around $1000) to trade currency futures.

Thanks for the answers everyone. But what I'm trying to find out is whether I can trade directly with the CME without having to go through a Futures Commission Merchant or Introducing Broker.

Already answered. No, you can't. You have to go thru someone else, or lease a membership and lease the appropriate software.

Thanks Rabid.