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CME Fee changes 2014, significant impact
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CME Fee changes 2014, significant impact

  #181 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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mattz's Avatar
 
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so if i only want cme data i should pay 5usd and not 15usd.

i also read, you can get only the "top of the book" , which reduces the fees from 5usd to 1usd!

anybody can confirm this?

I dont use orderbook, so top of book would be ok for me.

If you want CME it is $5 only. I will find out about top of the book and if there is any reduction for that.

Update: it is $1 if you ONLY want top of the book.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; June 19th, 2014 at 12:11 PM. Reason: update
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  #182 (permalink)
Elite Member
Austin, TX
 
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mattz View Post
If you want CME it is $5 only. I will find out about top of the book and if there is any reduction for that.

Update: it is $1 if you ONLY want top of the book.

Matt

What is top of the book?

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  #183 (permalink)
Site Administrator
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tturner86 View Post
What is top of the book?

NBBO / inside bid and ask, no depth

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  #184 (permalink)
Trading for Fun
St Paul, MN, USA
 
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Big Mike View Post
NBBO / inside bid and ask, no depth

Mike

Just to clarify, does that mean you would see the bid size at the best bid, the ask size at the best ask, but nothing above or below? And does this "top of book" apply to both futures and futures options quotes?

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  #185 (permalink)
in a meditative state...
Portugal
 
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Big Mike View Post
NBBO / inside bid and ask, no depth

Mike

How would a footprint and time and sales work?

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #186 (permalink)
Elite Member
Philadelphia
 
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are there any consequences to trading with top of the book data only other than just not being able to view the rest of the depth?

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  #187 (permalink)
Banned: trolling
NYC + NY / USA
 
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was there a grandfather clause as an exemption to this nuisance monthly fee?

at AMP, its $15 monthly

what are you paying at your brokers?

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  #188 (permalink)
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kronie View Post
was there a grandfather clause as an exemption to this nuisance monthly fee?

at AMP, its $15 monthly

what are you paying at your brokers?

At Cannon I was grandfathered for a year. Next year I will have to start paying the fee, looking at the CME only option at the moment.

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  #189 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
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At Advantage I'm grandfathered until next year as well.

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  #190 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
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At AMP and also Mirus/Dorman and I am grandfathered at both as well.

I believe you can transfer your 'grandfather' status from one broker to another until next year.

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