with CME abysmal lack of of performance in the MF Global meltdown
(account are to reconciled at the end of end day with proof of money in the accounts)
and their other blunders they should be ashamed to increase fees.
Their costs haven't gone up - this is just gouging - absolutely no need for increase in datafeed costs
more people to Forex
Good trading to everyone.
The following user says Thank You to aquarian1 for this post:
More revenue per subscriber and lower dataserver/bandwidth overhead = more profit
They have been giving away cheap data for a long time with those waivers, now they want to cash in on all those people that they brought to the futures market, or drive them away if they don't want to pay and reduce their overhead.
This has been mentioned several times, and is one alternative. Another would be to position trade stocks/options, even with a <$25K account. You are allowed 3 day trades per 5 day period anyway, so you can take an occasional day trade if so desired. (Or, use a non-margin account but then you have to deal with freeriding, so best to just limit day trades and go margin account)
The following user says Thank You to josh for this post:
Similar move by Russell couple years back, went from free to 75/mo or something around there.
But this is not just a few bucks increase. The way it is structured, not per user but per platform and per broker really hurts the medium sized "small retail" guy.
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