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I am being charged $15 fee from the CME every month?
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I am being charged $15 fee from the CME every month?

  #1 (permalink)
Trading for Fun
Boise, Idaho
 
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I am being charged $15 fee from the CME every month?

I have a funded account, but I have not live traded in quite some time. I just noticed that I am being charged $15 every month for a CME fee. It is deducted from my account balance. Does everyone have to pay this fee? Is there a way to avoid it?
I had been trading the ES, but I took time off to learn more about trading.

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  #2 (permalink)
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  #3 (permalink)
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shots fired View Post
I have a funded account, but I have not live traded in quite some time. I just noticed that I am being charged $15 every month for a CME fee. It is deducted from my account balance. Does everyone have to pay this fee? Is there a way to avoid it?
I had been trading the ES, but I took time off to learn more about trading.

Does everyone have to pay this fee? -Yes.
Is there a way to avoid it? -No.

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  #4 (permalink)
Trading for Fun
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Thanks... I do not understand all the exchange fees people talk about in the forum. I don't know why some people pay certain exchange fees, and others don't. In time I am sure I will understand it.

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  #5 (permalink)
Market Wizard
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shots fired View Post
I have a funded account, but I have not live traded in quite some time. I just noticed that I am being charged $15 every month for a CME fee. It is deducted from my account balance. Does everyone have to pay this fee? Is there a way to avoid it?
I had been trading the ES, but I took time off to learn more about trading.


cory View Post
Does everyone have to pay this fee? -Yes.
Is there a way to avoid it? -No.

Also: 1. Yes.; 2. No.
Most exchanges try to get rid of data free riders, i.e. people who cause load on infrastructure
without trading. In that sense, the 15$ that ToS charges to you are dirt cheap compared with
the original CME fees.

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  #6 (permalink)
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To avoid being charged for CME real-time data fee you have to cancel/suspend your CME bundle subscription (if you don't need it). But in this case you won't have the data feed in your platform. A cancellation has to be done prior to the 1st calendar day of the month you want to avoid the fees. Exchanges charge data fees in full per calendar month and those fees aren't prorated.

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  #7 (permalink)
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shots fired View Post
Thanks... I do not understand all the exchange fees people talk about in the forum. I don't know why some people pay certain exchange fees, and others don't. In time I am sure I will understand it.

That's interesting, I do not get charged the CME fee on my TD account. I may get charged in the future, but as of today I have not been charged the fee this year, I do get charged for it on my NTB account though.

AEM

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  #8 (permalink)
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that's because TOS absorbed the fee, while other brokers pass it along to clients.

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shots fired View Post
Thanks... I do not understand all the exchange fees people talk about in the forum. I don't know why some people pay certain exchange fees, and others don't. In time I am sure I will understand it.

Normally, you have to pay exchange fees to receive real-time data. The reason is that the exchanges are not set up as charitable trusts. Therefore you have to pay fees, if you wish to trade on an exchange.

You can buy a seat at an exchange or become a member. In that case you pay reduced fees, but you have paid for the seat.

Assuming that you are a not a member and that you qualify as a non-professional, you would have to pay the following fees

- exchange fees
- clearing fees
- regulatory fees
- commissions
- data fees

Exchange, clearing, regulatory fees and commissions are typically paid per contract.

Data fees are paid for the data that you receive.

Standard data fees for CME are

CME $ 91 per month
COMEX $ 91 per month
NYMEX $ 91 per month
CBOT $ 91 per month

which means that you would have to pay $ 364 for CME data per month without an account. This is just to fend off free riders that wish to receive data but do not intend to trade and generate transaction fees for the exchange.

If you have a funded account and connect to the account once per month, you are allowed to receive data for a bargain price of $ 15 instead of $ 364 per month.

You should not complain about that. If you cannot afford to spend $ 15 per month on data, you should not even think about trading futures.

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  #10 (permalink)
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I have absolutely no idea about ToS, maybe they waive CME fees for clients who generate commissions. But with IB if you generate certain amount in commissions per month, you will be charged $5 only (which is their additional CME depth of market bundle) and they waive $10.

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