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CME Fee changes 2014, significant impact


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CME Fee changes 2014, significant impact

  #51 (permalink)
 dnkhoward2 
Dover, Fl
 
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Morning All,

I use Mirus/Zenfire. I sent them an e mail wanting them to clarify what the new fees were. This is their reply;

Hello,

Thanks for your account with Mirus Futures.

You can find complete information regarding our rates at the following link. You will want to pay attention to the "all-in" columns. It shows the per-side rate.
https://ninjatrader.com/ - Our Rates are all in including commission, fees, nfa and Zen-Fire data and order routing.


Regards,

Mirus Support

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  #52 (permalink)
 
Balanar's Avatar
 Balanar 
Germany
 
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dnkhoward2 View Post
Morning All,

I use Mirus/Zenfire. I sent them an e mail wanting them to clarify what the new fees were. This is their reply;

Hello,

Thanks for your account with Mirus Futures.

You can find complete information regarding our rates at the following link. You will want to pay attention to the "all-in" columns. It shows the per-side rate.
https://ninjatrader.com/ - Our Rates are all in including commission, fees, nfa and Zen-Fire data and order routing.


Regards,

Mirus Support

This looks like a "standard response" to me.

Ask them again. These rates are the actutal ones.

I bet the customer service is confused about the new rates as well. (lol)

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  #53 (permalink)
 dnkhoward2 
Dover, Fl
 
Experience: Intermediate
Platform: NinjaTrader 8, Oanda
Trading: YM, Currencies
Posts: 158 since Mar 2013
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Balanar View Post
This looks like a "standard response" to me.

Ask them again. These rates are the actutal ones.

I bet the customer service is confused about the new rates as well. (lol)

Yes those look like the current rates. I just e mailed a more stern request for what I will be paying on top of what I already pay. If I get any answer I will post it here.

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  #54 (permalink)
 
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 Big Mike 
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dnkhoward2 View Post
Yes those look like the current rates. I just e mailed a more stern request for what I will be paying on top of what I already pay. If I get any answer I will post it here.

Give them a link to this thread, I've already emailed Eliot and Paul @ Mirus about this, they are aware of it but maybe the individual brokers there are not all aware of it yet.

Mike

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  #55 (permalink)
 dnkhoward2 
Dover, Fl
 
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Hello,

Thank you for your inquiry. You can find more information about the CME fees on this page: https://www.cmegroup.com/tools-information/lookups/advisories/ser/SER-6913.html

Please let us know if you have any additional questions.

Regards,

Mirus Support

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  #56 (permalink)
 
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 Daytrader999 
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dnkhoward2 View Post
Hello,

Thank you for your inquiry. You can find more information about the CME fees on this page: https://www.cmegroup.com/tools-information/lookups/advisories/ser/SER-6913.html

Please let us know if you have any additional questions.

Regards,

Mirus Support

Great answer, really...

Yes, I'd ask them the additional question, whether or not Mirus is going to charge us (clients) and what additional fees we could expect in any case...

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  #57 (permalink)
 
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 Big Mike 
Manta, Ecuador
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dnkhoward2 View Post
Hello,

Thank you for your inquiry. You can find more information about the CME fees on this page: https://www.cmegroup.com/tools-information/lookups/advisories/ser/SER-6913.html

Please let us know if you have any additional questions.

Regards,

Mirus Support

Looks like an incomplete answer to me, either that or they don't believe they are subject to the data fee/platform fee collections. Which would be contrary to my current understanding of this.

Mike

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  #58 (permalink)
 
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 Big Mike 
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Daytrader999 View Post
Great answer, really...

Yes, I'd ask them the additional question, whether or not Mirus is going to charge us (clients) and what additional fees we could expect in any case...

Well they seem to be focusing on the contract fees, and not on the data fees. My understanding is the data fee applies to all brokers (all clients) and not just non-executing data providers like in the past (ie IQFeed). But I could easily be wrong, it is rather confusing at this state.

Mike

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  #59 (permalink)
 
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 Big Mike 
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@mattz is usually responsive, maybe he can clear things up from an IB perspective in terms of executing vs non-executing and the new data fees for non-professionals and professionals.

Mike

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  #60 (permalink)
 
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 Balanar 
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This whole datasheet from CME is confusing. (specially for ppl that have a different mother tongue than English)

A clear structure would be very nice.

Nobody really knows what one has to pay in 2014. The brokers as well I think.

We need to wait for statements from brokers.

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Last Updated on April 13, 2015


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