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New CME fees on multiple platforms?


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New CME fees on multiple platforms?

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  #1 (permalink)
Sao Paulo
 
 
Posts: 3 since Sep 2014
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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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  #3 (permalink)
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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:



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

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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

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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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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

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mattz View Post
Data is disseminated via pipes

and a series of tubes?





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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...

You could take your business elsewhere, ie EUREX.

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

Mike

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

M

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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...



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




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 https://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 https://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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