Data Feed CME - futures io
futures io



Data Feed CME


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one SMCJB with 5 posts (7 thanks)
    2. looks_two kevinkdog with 4 posts (9 thanks)
    3. looks_3 bobwest with 3 posts (2 thanks)
    4. looks_4 Amstaff with 3 posts (0 thanks)
      Best Posters
    1. looks_one kevinkdog with 2.3 thanks per post
    2. looks_two SMCJB with 1.4 thanks per post
    3. looks_3 tr8er with 1 thanks per post
    4. looks_4 bobwest with 0.7 thanks per post
    1. trending_up 1,000 views
    2. thumb_up 20 thanks given
    3. group 6 followers
    1. forum 17 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Data Feed CME

(login for full post details)
  #11 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,310 since Jul 2012
Thanks: 1,751 given, 6,668 received


SMCJB View Post
When the exchanges went public they split the membership into trading rights and equity. The old members mostly sold of the equity and kept the trading rights. So now we have a situation that even though CME has bought up 3 of its competitors each of the 4 exchanges still have memberships that confer trading rights to those specific exchanges. So in order for CME to become one exchange they would need to address the complication of all the individual trading rights. Some of those rights/seats still have significant value.

That makes sense, thanks for sharing. For people new to futures, it creates a confusing mess. Separate data fees - all going to CME. Different "locations" - even though it is ultimately all CME in Chicago (exchange time for Crude is Eastern, but for mini S&P it is Central). Different settlement times for different exchanges, even though they all fall under CME umbrella.

You & I understand these nuances because we were around in the old days. But for new people, it can be frustrating for sure.

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:

Can you help answer these questions
from other members on futures io?
Time to change of FCM
Emini and Emicro Index
Any Trade-Ideas Scanner Users in the Forum?
Stocks and ETFs
Multidata
EasyLanguage Programming
Making Quantower look like Sierra Chart - possible?
Platforms and Indicators
Help with Scale In ATM strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Most Funding Firms are a Scam
68 thanks
Spoo-nalysis ES e-mini futures S&P 500
19 thanks
Want your NinjaTrader indicator created, free?
13 thanks
Trading Plan
9 thanks
Selling Options on Futures?
9 thanks
 
(login for full post details)
  #12 (permalink)
Amstaff
Queens, New York United States
 
 
Posts: 22 since Nov 2017
Thanks: 12 given, 14 received

Iím fairly sure it has to do with the CME data policy for business. Currently there is a charge of $150/month no matter what the business is. A flower store opens up a trading account the CME charges $150 per month for data. To avoid this individuals do all kinds of account acrobatics. They put their business in a trust, now itís free or they donít sign up for data with their business account but sign up for data with an individual account.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 7,349 since Jan 2013
Thanks: 53,755 given, 24,430 received


Update: @SMCJB provided a link to the current 2022 pro and non-pro data rates, in a subsequent post below.

I have pasted in the correct current rates below, in place of the previous 2020 table I had shown before.



Source: https://www.cmegroup.com/files/download/cme-market-data-fee-list-jan-2022.pdf

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
 
(login for full post details)
  #14 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, SI, Bitcoin & Ether
 
Posts: 4,527 since Dec 2013
Thanks: 3,863 given, 9,121 received


SMCJB View Post
Not as bad as I feared when I opened the email...

Notification: CME Group Market Data Fee Adjustment

Effective: January 1, 2022

Starting in January 2022, data fees for most licenses and subscriptions will increase in line with the Organization for Economic Co-operation and Development (OECD) 4.2% global rate of inflation.

The new fees are available for viewing in the ILA Market Data Fee List and will be effective January 1, 2022.

Please refer to the CME Group Data Policy Center for all market data policies and a list of all CME Group 2022 market data fees.

If you have any questions related to these changes, please contact your account manager or [email protected].
https://www.cmegroup.com/files/download/cme-market-data-fee-list-jan-2022.pdf

In summary looks like
  • The CME Bundle for Non-Pro's is going up from $30 to $31.25
  • Pro data fees are going up from $110 to $114.60 (per exchange)

https://www.cmegroup.com/files/download/cme-market-data-fee-list-jan-2022.pdf

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
(login for full post details)
  #15 (permalink)
Amstaff
Queens, New York United States
 
 
Posts: 22 since Nov 2017
Thanks: 12 given, 14 received

I think itís outrageous that the CME is allowed to charge 5x more for the same exact product. Iím also a non-pro 🍻. Iím not certain but I think the CME has their own definition of what is a professional trader. So basically itís we donít care what the IRS defines a professional trader (IRS is neutral) if you sweep the floor for the NYSE your a pro! FYI according to the IRS thereís no such thing as a professional trader. The qualifications are impossible to meet. Even if you think you meet one; you will be audited and you will lose.

Reply With Quote
 
(login for full post details)
  #16 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, SI, Bitcoin & Ether
 
Posts: 4,527 since Dec 2013
Thanks: 3,863 given, 9,121 received


Amstaff View Post
I think itís outrageous that the CME is allowed to charge 5x more for the same exact product.

While I do agree with you, it's not just the CME. I work from home, and have my business registered to my home address. So I have people like AT&T and Comcast sending me personal offers, and offers for my business. They like the CME want to charge considerably more to the business for the same product. I'm sure there are other examples.


Amstaff View Post
Iím not certain but I think the CME has their own definition of what is a professional trader. So basically itís we donít care what the IRS defines a professional trader (IRS is neutral) if you sweep the floor for the NYSE your a pro!

The CME's definition has nothing to do with the IRS's definition.


Amstaff View Post
FYI according to the IRS thereís no such thing as a professional trader. The qualifications are impossible to meet. Even if you think you meet one; you will be audited and you will lose.

I'm not sure if this is what you mean by a professional trader but I have filed my taxes as a "Trader in Commodities" (which is basically the same as a "Trader in Securities") for over a decade. The first year I filed the IRS audited my expenses (but not my gains!) ~ I say audited, they requested additional documentation for every expense, which I could easily provide. Since then I've never heard from them again. The following is an excerpt from the notes at the end of my tax return

Taxpayer operated a trading business, in accordance with the definition below,
during tax year 2020. Considerable time spent every trading day, consistent and
frequent number of trades, and trading proceeds all support taxpayer's rising to the
level of conducting this activity as a business.
We excerpt IRS Publication 550, Chapter 4 - Special Rules for Traders Securities.
(See our added notes in parentheses).
Special rules apply if you are a trader in securities in the business of buying and
selling securities for your own account. To be engaged in business as a trader in
securities, you must meet all the following conditions. (Taxpayer met all the
following conditions for tax year 2020).
..You must seek to profit from daily market movements in the prices of securities
and not from dividends, interest, or capital appreciation.
..Your activity must be substantial.
..You must carry on the activity with continuity and regularity.
The following facts and circumstances should be considered in determining if your
activity is a securities trading business.
..Typical holding periods for securities bought and sold. (Taxpayer had very short
holding periods).
..The frequency and dollar amount of your trades during the year. (Taxpayer traded
frequently with lower dollar amounts - high turnover).
..The extent to which you pursue the activity to produce income for a livelihood.
(Taxpayer's intention is to earn a living from this trading business activity).
..The amount of time you devote to the activity. (Taxpayer spends a good part of
every day on this activity).

Reply With Quote
 
(login for full post details)
  #17 (permalink)
Amstaff
Queens, New York United States
 
 
Posts: 22 since Nov 2017
Thanks: 12 given, 14 received

Yes, thatís exactly what I was referring to. I work from home trading as well. I asked my tax lawyer about write offs for professional status. What they told me I relayed back.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, SI, Bitcoin & Ether
 
Posts: 4,527 since Dec 2013
Thanks: 3,863 given, 9,121 received

Try https://greentradertax.com/

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:


futures io Trading Community Traders Hideout > Data Feed CME


Last Updated on May 11, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts