Welcome to SeatLeaser.  It’s the first fully functional electronic marketplace for leasing out exchange memberships. SeatLeaser is designed to be intuitive, and it’s set up just like the market.  Right now, we are in “beta”, and will keep making the product better based on feedback from the people that use it. 

There is an order book, and it is sorted by date and price, and time you entered your order.  SeatLeaser matches up bids and offers on a first in first out system.  All transactions are anonymous until the trade is confirmed by both parties.

Perhaps you have never been a member of an exchange before. Becoming a member is simple and painless.  Membership will save you thousands on trading costs.

Before you can use the seat you lease, you will have to go through the exchange that you want to trade at and receive membership approval.  SeatLeaser is just a marketplace.  It doesn’t collect exchange fees or have anything to do with exchange rules and regulations.  In most cases, the approval process to become an electronic member of an exchange is done within a day.  

If you want to have exchange trading floor access, it will be necessary for you to go to the National Futures Association (NFA) site and fill out forms with them.  SeatLeaser does not have a relationship with the NFA.  

Second, once you lease a seat, you will have to send all the paperwork to your firm so that they can begin billing you the cheaper rates on trading.  SeatLeaser supports all Clearing Firms, IB’s and CTA’s, so if you don’t see your firm there please let us know and we will add it.  

Once you create your account on SeatLeaser, you will be able to browse the various seats that are up for lease.  You can place bids, change your bid, and take offers just like a regular market.  The paperwork is delivered to you automatically, and is pre filled out with all the information you need to lease the seat.  When your lease is getting close to finishing, SeatLeaser will send you a reminder to alert you.  It’s simple to renew your existing seat lease.  If you want to go back into the market and lease a new seat, all you have to do is let the lease expire and go bid on another seat.  Your account is never cancelled once you set it up. 

If you are a trading firm and lease a number of seats, SeatLeaser has a dashboard feature that allows you to view each seat you have, when the lease is up, and how much you are paying for it. SeatLeaser is a centralized place for you to manage all your memberships. 

Don’t see a feature that you’d like?  Don’t hesitate to contact SeatLeaser and let us know what you want programmed in.