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

  #81 (permalink)
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shodson View Post
The Intercontinental Exchange (ICE), but they don't have the more popular contracts people like to trade on CME, maybe ICE will become more popular.

https://www.theice.com/productguide/Search.shtml?productGuide=&advancedKeyword=&...S.&contractTypes=Futures

Thx, I briefly looked at them and the Eurex after I read the OP. I will need more research to be able to come to a conclusion on the viability or not.

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  #82 (permalink)
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The $15 platform fees per exchange + clearing fees will be a significant cost to a retail trader if added over a year.
However the same future contracts are available on ICE and NYSE-Euronext.

Energy - WBS on ICE is same as CL...ICE has infact better and more liquid energy products than CME like gasoil, brent
https://www.theice.com/productguide/ProductSpec.shtml?specId=213

Fx- ICE fx contracts including crosses and the unique US dollar index contract
https://www.theice.com/forex.jhtml

STIR - NYSE euronext has STIRs including eurodollar, euribor, euroswiss, short sterling
https://globalderivatives.nyx.com/en/interest-rate-futures/nyse-liffe-us/contract-specification/eurodollar-futures

Bonds- NYSE has all 5, 10, 30 years bond futures like CME on US treasuries
https://globalderivatives.nyx.com/en/interest-rate-futures/nyse-liffe-us/contract-specification/us-treasury-bond-futures

Grains- Both ICE and Euronext have same grain products

Equities - ICE has Russell 1000 and 2000 indices for large caps and small caps.....another option is ETFS...SPY,QQQ,DIA

I don't see a reason for increasing trading costs by CME as the volumes including options volumes are steadily rising as seen on CME website.

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  #83 (permalink)
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indiantrader View Post
The $15 platform fees per exchange + clearing fees will be a significant cost to a retail trader if added over a year.
However the same future contracts are available on ICE and NYSE-Euronext.

Energy - WBS on ICE is same as CL...ICE has infact better and more liquid energy products than CME like gasoil, brent
https://www.theice.com/productguide/ProductSpec.shtml?specId=213

Fx- ICE fx contracts including crosses and the unique US dollar index contract
https://www.theice.com/forex.jhtml

STIR - NYSE euronext has STIRs including eurodollar, euribor, euroswiss, short sterling
https://globalderivatives.nyx.com/en/interest-rate-futures/nyse-liffe-us/contract-specification/eurodollar-futures

Bonds- NYSE has all 5, 10, 30 years bond futures like CME on US treasuries
https://globalderivatives.nyx.com/en/interest-rate-futures/nyse-liffe-us/contract-specification/us-treasury-bond-futures

Grains- Both ICE and Euronext have same grain products

Equities - ICE has Russell 1000 and 2000 indices for large caps and small caps.....another option is ETFS...SPY,QQQ,DIA

I don't see a reason for increasing trading costs by CME as the volumes including options volumes are steadily rising as seen on CME website.


I don't think you'll find comparable ICE and CME contracts to be the "same" even if contract specs are close or identical. I wish that were true, but unfortunately CME has the volume in many of the popular futures markets. That makes a big difference.

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  #84 (permalink)
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I spoke with Eliot at Mirus Futures, he has a meeting with the CME tomorrow and once he has more info on some key issues, his team will disseminate it.

Mike

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  #85 (permalink)
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TradeStation

I just emailed my account rep at TradeStation. I will post when I receive a response.

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  #86 (permalink)
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CME Fee changes 2014, significant impact

I emailed and phoned Kingsway/Vision Financial and Dorman this morning, still no response.

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  #87 (permalink)
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I send yesterday email to interactivebrokers still no response

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  #88 (permalink)
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Quoting 

Laurus12 View Post
Did a simple e-mail to the CME with the listed e-mail addresses:


Quoting 
Subject: Regarding the 2014 Fee Changes Summary

Dear Sirs or Madams,

No offense intended, but based on the principle "more customers equals more profits" I believe without a doubt that CME Group Inc is going to loose a lot of traders by going forward doing this. I think this will be a "shoot your self in the foot" act.


Best regards,
.....


These are the responses I got from the CME on my e-mail to the two different addresses (marketdata@cmegroup.com and info@cmegroup.com):


CME Market Data Team
....,

Thank you very much for your comments about the new Market Data Fee’s. All concerns are being acknowledged and are much appreciated. Please feel free to contact The Market Data Team with any questions you may have regarding the policy update.

Warmest regards,
The Market Data Team


CME Customer Service
Thank you for contacting CME Group

Dear ....,

We thank you and value your feedback regarding Market Data Fee changes. Your comments have been escalated to the appropriate team for immediate review.

Thank You,
CME Group
Customer Service


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  #89 (permalink)
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Robert Carrillo View Post

(...)

Thank you Robert for your thorough and elaborate response, very much appreciated. It's clear for me now (and I suspect for others to).

All the best with implementing these changes on IQFeed's side,

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  #90 (permalink)
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Just an update for today.

After talking to some people again today on this, my general impression is the CME is clueless about retail traders (the one thing everyone seems to agree with).

I cannot say whether or not they are going to make changes to their policy.

But some clarification I did receive from multiple sources did indicate to me, in my opinion, that the $15 per-platform fee (ie "primary" and "backup" platforms) is not correct and it is a per-broker fee. But this is just my interpretation, who knows at this point what the final language is going to look like.

I believe that the brokers, platforms and data feed providers on futures.io (formerly BMT) are on top of this issue and that any delays are on the CME's side, so please cut them some slack and try to understand what they are dealing with.

More next week hopefully.

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.
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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)
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If you want
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