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The following 2 users say Thank You to decarleytrading for this post:
We haven't been told by CME that anyone trading out of a Corp/LLC, or even just using a business name, will be considered a Pro. That doesn't mean it's not true, just that we are waiting for clarification from CME on the Pro/Non-Pro rules.
Suggest any interested parties contact CME and/or CFTC directly with comments, as they may not be following futures.io (formerly BMT).
Robert
The following 2 users say Thank You to Robert Carrillo for this post:
Post #6 from Rosenthal seems to indicate that trading out of a Corp/LLC would consider you a professional. I am still trying to get confirmation for CME's actual description and what changes were made in 2014 to this.
I remember Milton Freidman once stating that monopolies don't last long in free market societies. Alternatives will sprout up. I guess we'll see if free our market is...
The following 2 users say Thank You to cshep for this post:
My guess is that while this will hit a lot of people, those who do serious volume will largely be unaffected (what's $50K a year extra when you are turning over $100K a day?), and hence will happily pay the new fees.
The following 3 users say Thank You to josh for this post: