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

  #51 (permalink)
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dnkhoward2's Avatar
 
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Mirus Zen Fire

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.
http://www.mirusfutures.com/sites/default/files/pdf/Mirus_Futures_Product_Info.pdf - 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)
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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.
http://www.mirusfutures.com/sites/default/files/pdf/Mirus_Futures_Product_Info.pdf - 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)
Elite Member
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Futures Experience: Intermediate
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Agree



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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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)
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From Mirus

Hello,

Thank you for your inquiry. You can find more information about the CME fees on this page: http://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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dnkhoward2 View Post
Hello,

Thank you for your inquiry. You can find more information about the CME fees on this page: http://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...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #57 (permalink)
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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: http://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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Need help?
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  #58 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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The following 3 users say Thank You to Big Mike for this post:
 
  #59 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #60 (permalink)
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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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