Ridiculous CME fee increase for professional automated/semi automated traders

March 26th, 2021, 06:41 PM

Starting April 1, the CME plans to start classifying semi-automated trading as requiring a "non-display" market data license, this will include things like autospreader and ADL. This will lead to a cost increase of about 4x for professionals.

For me this looks like it will cost an EXTRA $1.5-2k/m with only 5 days notice...

FAQ:
https://www.cmegroup.com/market-data/distributor/files/cme-group-data-licensing-policy-guidelines-and-non-display-licensing-faq.pdf

Pricing:
https://www.cmegroup.com/files/download/cme-market-data-fee-list-apr-2021.pdf

March 27th, 2021, 10:30 PM

Just read the FAQ. Looks like this is for professional trading firms. All the questions are related to firm usage. The last question clarifies it's for classified professional traders only. If I am wrong, please correct me as this will affect a lot of traders here on the forum. Even discretionary who use risk management strategies.

March 30th, 2021, 01:38 PM

Whether I agree or not ( and I don't), how does an Autospreader qualify as semi automated
Such a load of crap...that means people using TT pro and executing through the autospreader have to spend extra?? Much more extra...BS

Sent using the NexusFi mobile app

March 30th, 2021, 01:53 PM

jokertrader

Whether I agree or not ( and I don't), how does an Autospreader qualify as semi automated
Such a load of crap...that means people using TT pro and executing through the autospreader have to spend extra?? Much more extra...BS

Sent using the NexusFi mobile app

It should only affect users who are considered "professionals" by the exchange.

But it will inordinately affect independent traders because they might have 1-2 "devices" where at a firm you would have saturated the fee cap, so the per trader expense is much less.

Ridiculous CME fee increase for professional automated/semi automated traders

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Ridiculous CME fee increase for professional automated/semi automated traders