CME Executive Chairman Terrence Duffy stated that “we’re taking a very judicious look at how we’re implementing this data fee and, not only the data fee, but the increase in general…if we’re missing something that we didn’t see, we’re listening to it,” in response to brokers’ criticism over fee increases that are set to raise costs for futures customers.
In November 2013, CME Group announced that the company would discontinue the waiver for its market data fees on trading terminals. We listened to your feedback, and understand that in today’s marketplace there can be a need for a single user to access multiple screens for market data. To prevent customers from paying multiple fees for a single user, we will offer “netting,” or a pay-per-user model across our membership base. This will be available to individual members, employees of member firms and Introducing Brokers who receive data from their clearing member firm.
Members who choose to participate must contract directly with CME Group and will need to provide specific details around market data use. This program will begin in 2015.
We will be providing additional information in the coming weeks on the enrollment process. If you have any immediate questions, please contact the market data team at email@example.com or at 312.634.8395.
Bryan T. Durkin
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AMP is already charging my account $15/month for the new CME fees.
I had tried to stay away from any monthly platform and broker fees but looks like can't get out of this one now.
My TDA account is still monthly-less charges, because I don't have futures activated on it.
Although they had been aggressive and occasionally calling me saying they aim "to procure
my futures trading business" as well. I wish I hadn't told them I had other broker futures trading
accounts but they had asked a lot of questions..
Last edited by Cloudy; June 17th, 2014 at 12:21 AM.
I'd like to know the difference too, I never asked my broker. I assume you don't get to see the orders on the depth? How would this affect someone trading off of charts from the dom who doesn't need to know where all the other orders are?