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

  #191 (permalink)
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CafeGrande View Post
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?

Yes. I can't comment on options as I don't trade them.

Mike

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  #192 (permalink)
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arnie View Post
How would a footprint and time and sales work?

Time and Sales would still work as you are still getting each tick (trade).

Footprint and similar would still work.

If you use something that requires depth beyond the inside bid/ask, it would not work.

Mike

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  #193 (permalink)
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What happens if you are using 2 brokers clearing through same data vendor. Let's say rethmic feed from 2 brokers/2 different accounts.

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  #194 (permalink)
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optionzen View Post
What happens if you are using 2 brokers clearing through same data vendor. Let's say rethmic feed from 2 brokers/2 different accounts. Would you pay cme fees 2 times.

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  #195 (permalink)
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optionzen View Post
What happens if you are using 2 brokers clearing through same data vendor. Let's say rethmic feed from 2 brokers/2 different accounts.

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Interesting question, just emailed my broker.

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  #196 (permalink)
Market Wizard
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optionzen View Post
What happens if you are using 2 brokers clearing through same data vendor. Let's say rethmic feed from 2 brokers/2 different accounts.

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Credentials to each account would be different, so from the exchange perspectives you are using 2 screens.
You don't clear your trades via the data vendor but the FCM.
Matt

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  #197 (permalink)
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I kind of got a vague answer from my broker saying 1. there would be no delay in execution compared to the depth of market fee but he doesn't have anyone trying it with just top of the book so he doesn't know. He had one of this assistants test it out. He tried to call me but I was away.

Basically I'm just trying to figure out what the difference is trading top of the book if any at all other than not being able to see the depth on the dom

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  #198 (permalink)
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For anyone who opened an accoutn after 1st March...

... are you now paying $85 monthly fees as stated in the notice?

Question for @NinjaTrader and anyone else experienced:

If an LLC opens an account with NinjaTrader Brokerage they would be hit by this fee, right?

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  #199 (permalink)
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iqgod View Post
... are you now paying $85 monthly fees as stated in the notice?

Question for @NinjaTrader and anyone else experienced:

If an LLC opens an account with NinjaTrader Brokerage they would be hit by this fee, right?

This was covered in the NT Brokerage webinar on futures.io (formerly BMT) last week, I recommend watching it.

Mike

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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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  #200 (permalink)
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Member Netting Program



SMCJB View Post
Bryan T. Durkin
Chief Operating Officer

June 6, 2014

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 marketdata@cmegroup.com or at 312.634.8395.

Bryan T. Durkin

Member Netting Program

As a follow up to the market data memo dated June 6, 2014 from Bryan Durkin, Members who wish to participate in the netting program should now visit the “Members” tab at www.cmegroup.com/data-for-members for detailed instructions on the enrollment process. Any member choosing to participate will need to execute the appropriate agreement(s) and register with the market data team.

For questions related to the netting program, please visit www.cmegroup.com/data-for-members and/or contact

CME Americas Market Data Team at marketdata@cmegroup.com or 312-634-8395
CME EMEA Market Data Team at marketdataEMEA@cmegroup.com or +44 (0) 203-379-3856

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