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new fees for TF
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new fees for TF

  #1 (permalink)
Market Wizard
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Silvester17's Avatar
 
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new fees for TF

looks like ice increased the fees for TF from 0.94 to 1.14. now it's about the same like the cme e-minis.

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  #2 (permalink)
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  #3 (permalink)
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Silvester17 View Post
looks like ice increased the fees for TF from 0.94 to 1.14. now it's about the same like the cme e-minis.

I recieved notice yesterday that they would be going up starting today. Hopefully that's all the changes we'll see.

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  #4 (permalink)
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Silvester17 View Post
looks like ice increased the fees for TF from 0.94 to 1.14. now it's about the same like the cme e-minis.

Got this from DTN IQfeed yesterday:


Quoting 

Dear DTN.IQ/IQFeed Subscriber,

NASDAQ has recently become the exclusive distributor for the Russell Index service.
With this change, new fees have been imposed by NASDAQ/Russell for the distribution and receipt of the Russell indexes. Effective November 1, the new "Russell Index"
service fee of $10 per month will be required In order to continue receiving the Russell indexes. Delayed data on the Russell Indexes will not be available.

The most commonly watched symbols from the Russell indexes include RUI.XO and RUT.XO.
These symbols will not change. There will also be a number of new indexes available as part of this service and a full symbol list will be made available on our website once the new service has gone live.

In order to continue receiving the Russell Indexes beyond November 1, please contact customer support at 800-779-7299, support@dtniq.com or via our website at Welcome to IQFeed! - Fast, Reliable, Affordable. Datafeeds and API. by clicking the Technical Support Chat icon.

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  #5 (permalink)
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And this from Interactive Brokers:


Quoting 
Oct 01, 2010

Russell Market Data Subscription Update

Pursuant to an agreement with Russell Investments, NASDAQ OMX has been selected as the primary source of real-time index values for all of Russell's equity indexes. As a re-distributor of Russell market data, IB is obligated to amend our subscription offerings to reflect this change. Accordingly, both non-professional subscribers who currently obtain this data through the U.S. Options Exchanges Securities & Commodities Non-Professional Bundle and professional subscribers who obtain this data through the U.S. Options Exchanges Professional subscription will need to subscribe to U.S. Russell Indices (RussellTick) prior to October 4, 2010 in order to ensure continuity of service. Monthly charges will be USD 2 for Professional subscribers and USD 1 for Non-professional subscribers.

To subscribe, please log into Account Management and select the Trading Access and then Market Data Subscriptions menu options. Click on the check box for U.S. Russell Indices (RussellTick) and select the Continue button to confirm your subscription request.

Interactive Brokers Customer Service


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  #6 (permalink)
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If you look at the Kinetick thread, @MetalTrade was talking about the new $70/mo fee for data for Russell as of January 1 2011.

I talked with Jay from Telvent/DTN and he confirmed it. He also said there is no fee waiver for Russel like there is for CME.

So, that covers IQFeed and Kinetick, but I am wondering about Zen Fire. Has anyone talked to their Zen Fire broker to see what they say, are they eating this cost or what?

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  #7 (permalink)
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Looks like there is a difference in the cash index subscription (RUT via NASDAQ) and the exchange pricing data (TF via ICE), right? Similar to CME ES prices are one thing but cash SPX is actually another vendor/charge.

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Here is a forum post from DTN:

Telvent DTN Forums


Quoting 
Recently the ICE (Intercontinental Exchange) announced product changes that will affect you beginning January 1, 2011.

The real-time ICE Futures Index product will be discontinued as a fee waived, standalone product. In order to continue to receive the information real-time you will need to subscribe to the ICE Futures US package which requires a $70 per month exchange fee from ICE. If you do nothing, the information will default to delayed quotes. If you need the information real-time please call 1.800.397.7000 prior to December 30 2010, to avoid any disruption in your service.

For a complete list of symbols included in the ICE Futures Index product, please visit Telvent DTN - Customer Correspondence

Jay Froscheiser
DTN

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  #9 (permalink)
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Just a general thought here. This is a really really bad move from ICE. Based on what I've read on the forum, a lot of "smaller" traders liked the TF and these same traders are no way going to pay $70/mo. I mean most of them are getting their platform and data for free, no way would they pay $70 to trade an instrument.

Yes I know there are big players here trading TF too, and to those guys $70 makes no difference. But I can't help but think that ICE has made a pretty big mistake here. I can't recommend TF anymore to smaller/less experienced traders, so I'll have to find a new instrument I guess

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  #10 (permalink)
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Is this some kind of a trend for other instruments ? Clearly they have must analyzed who is trading their TF and they must have decided that they need to do something to get the small guy out of it.

If the small guy is out of the TF, who's money am I going to take then ??



What with other brokers ? Like velocity ?

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