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CME Fee changes 2014, significant impact


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CME Fee changes 2014, significant impact

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  #31 (permalink)
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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

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  #32 (permalink)
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decarleytrading View Post
Sorry, I missed this earlier but it sounds like you have it correct in a later reply.

Be sure to send your opinions to marketdata@cmegroup.com and info@cmegroup.com. Hopefully the CME will come to their senses and look at the big picture.

Thanks Carley,

Ive sent my scorcher. I hope others in the forum don't just complain to each other here but also send their emails

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  #33 (permalink)
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Big Mike View Post
That does seem to be the result. Wonder if it was somehow the aim?

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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.

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  #34 (permalink)
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aquarian1 View Post
more people to Forex

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)

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  #35 (permalink)
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Luger View 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.

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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  #36 (permalink)
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The fees and transaction costs are bad enough as it is - the increase in datafeeds is another big cost

Gouging like this is ugly.

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  #37 (permalink)
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yes josh I know others mentioned forex I was adding it in again
--perhaps a CME bonehead is reading..

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  #38 (permalink)
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Would ICE exchange data/fees be affected? If not, they could be another alternative for futures traders, along with EUREX.

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  #39 (permalink)
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Big Mike View Post
So get ready to pay an additional $15 per platform, per broker, per month in CME fees if you have a funded account.

Mike


Could someone explain this? What is meant by per platform, per broker? I'm an individual trader, so what does this mean to me?

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  #40 (permalink)
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funny how these fee increases were released when the nyse/ice merger was completed.

cme is a monopoly. it wont change because they have the politicians bought. cme is corrupt institution as are the other exchanges. when they went public it only became worse.

p.s. I am a member of the CBOT (now the CME). I don't trust the CME.

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