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New CME fees on multiple platforms?
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New CME fees on multiple platforms?

  #1 (permalink)
Trading Apprentice
Sao Paulo
 
Futures Experience: Advanced
Platform: OEC
Favorite Futures: Futures
 
Posts: 3 since Sep 2014
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New CME fees on multiple platforms?

Hello, I've been trading for a year, on an OEC platform. I'm aware that starting January I'm going to need to pay a monthly CME fee for my data feed?

I was at the level where I wanted to start experimenting with other solutions to continue training and developing my skillsets, maybe use several platforms in conjunction with for example Sierra Chart and Market Delta Trader... (still doing research on my overall direction).

I just wanted to know if the CME is going to make me pay fees for each platform I use?

Thanks

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
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SophieM4 View Post
Hello, I've been trading for a year, on an OEC platform. I'm aware that starting January I'm going to need to pay a monthly CME fee for my data feed?

I was at the level where I wanted to start experimenting with other solutions to continue training and developing my skillsets, maybe use several platforms in conjunction with for example Sierra Chart and Market Delta Trader... (still doing research on my overall direction).

I just wanted to know if the CME is going to make me pay fees for each platform I use?

Thanks

Check this thread:

https://futures.io/brokers-data-feeds/29748-cme-fee-changes-2014-significant-impact.html

It was discussed in detail last year when the announcement was made.

Mike

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  #4 (permalink)
Market Wizard
Boca Raton
 
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SophieM4 View Post
Hello, I've been trading for a year, on an OEC platform. I'm aware that starting January I'm going to need to pay a monthly CME fee for my data feed?

I was at the level where I wanted to start experimenting with other solutions to continue training and developing my skillsets, maybe use several platforms in conjunction with for example Sierra Chart and Market Delta Trader... (still doing research on my overall direction).

I just wanted to know if the CME is going to make me pay fees for each platform I use?

Thanks

To the best of my understanding, you will pay for each additional 3rd party screen.
So to answer your questions, yes!

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #5 (permalink)
Trading Apprentice
Sao Paulo
 
Futures Experience: Advanced
Platform: OEC
Favorite Futures: Futures
 
Posts: 3 since Sep 2014
Thanks: 2 given, 0 received

That's a disappointment. I wish our country reinforced antitrust rules, particularly in this case where CME owns all major US Futures exchanges...

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  #6 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
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Broker/Data: Optimus Futures, LLC
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Posts: 2,059 since Sep 2010
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SophieM4 View Post
That's a disappointment. I wish our country reinforced antitrust rules, particularly in this case where CME owns all major US Futures exchanges...


Data distribution it not free.
Data is disseminated via pipes and the more are connected to it the more it costs.
Cost of technology went up, so customers, brokers and other professionals are being affected by this.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #7 (permalink)
Site Administrator
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mattz View Post
Data is disseminated via pipes

and a series of tubes?

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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
The following user says Thank You to Big Mike for this post:
 
  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,229 received


SophieM4 View Post
That's a disappointment. I wish our country reinforced antitrust rules, particularly in this case where CME owns all major US Futures exchanges...

You could take your business elsewhere, ie EUREX.

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
 
  #9 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,783 received
Forum Reputation: Legendary


Big Mike View Post
You could take your business elsewhere, ie EUREX.

Mike

Alternatively, Ice Canada, Canola Contract. Just north of the border.

M

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #10 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,117 since Dec 2013
Thanks: 1,744 given, 3,343 received
Forum Reputation: Legendary



mattz View Post
To the best of my understanding, you will pay for each additional 3rd party screen.
So to answer your questions, yes!

Matt

I'm not sure that's actually the case. Referencing the thread that @Big Mike already linked...

https://futures.io/brokers-data-feeds/29748-cme-fee-changes-2014-significant-impact-18.html#post413037

SMCJB View Post
Bryan T. Durkin
Chief Operating Officer

June 6, 2014

In November 2013, CME Group announced that the company would discontinue the waiver for its market data fees on trading terminals. We listened to your feedback, and understand that in today’s marketplace there can be a need for a single user to access multiple screens for market data. To prevent customers from paying multiple fees for a single user, we will offer “netting,” or a pay-per-user model across our membership base. This will be available to individual members, employees of member firms and Introducing Brokers who receive data from their clearing member firm.

Members who choose to participate must contract directly with CME Group and will need to provide specific details around market data use. This program will begin in 2015.

We will be providing additional information in the coming weeks on the enrollment process. If you have any immediate questions, please contact the market data team at marketdata@cmegroup.com or at 312.634.8395.

Bryan T. Durkin


https://futures.io/brokers-data-feeds/29748-cme-fee-changes-2014-significant-impact-20.html#post424000

SMCJB View Post
Member Netting Program

As a follow up to the market data memo dated June 6, 2014 from Bryan Durkin, Members who wish to participate in the netting program should now visit the “Members” tab at www.cmegroup.com/data-for-members for detailed instructions on the enrollment process. Any member choosing to participate will need to execute the appropriate agreement(s) and register with the market data team.

For questions related to the netting program, please visit www.cmegroup.com/data-for-members and/or contact

CME Americas Market Data Team at marketdata@cmegroup.com or 312-634-8395
CME EMEA Market Data Team at marketdataEMEA@cmegroup.com or +44 (0) 203-379-3856


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