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CME 2023 Fee Increases (MES +16%!)


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CME 2023 Fee Increases (MES +16%!)

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  #1 (permalink)
 SMCJB 
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CME/CBOT/NYMEX/COMEX Exchange Transaction Fee Amendments Effective February 1, 2023
To Members, Member Firms and Market Users
From Research and Product Development
# SER-9098
Notice Date 29 November 2022
Effective Date 01 February 2023
TO VIEW A PDF OF SER-9098 PLEASE CLICK ON THE LINK BELOW:

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf

Some Highlights (lowlights?)
  • MES/MNQ/etc going from 30c to 35c
  • MES/MNQ/etc SPREADS going from 24c to 35c (+45%!)
  • TAS products across all commodities going up.
  • NYMEX member 'day trades rates' going away.
  • COMEX rates going from 70c to 75c

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 Ironbeam   is a Vendor
 
 
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SMCJB View Post
CME/CBOT/NYMEX/COMEX Exchange Transaction Fee Amendments Effective February 1, 2023
To Members, Member Firms and Market Users
From Research and Product Development
# SER-9098
Notice Date 29 November 2022
Effective Date 01 February 2023
TO VIEW A PDF OF SER-9098 PLEASE CLICK ON THE LINK BELOW:

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf

Some Highlights (lowlights?)
  • MES/MNQ/etc going from 30c to 35c
  • MES/MNQ/etc SPREADS going from 24c to 35c (+45%!)
  • TAS products across all commodities going up.
  • NYMEX member 'day trades rates' going away.
  • COMEX rates going from 70c to 75c

Unfortunately this is becoming an annual occurrence.

Feel free to reach out with any questions. (312) 765 7228. There is a substantial risk of loss in trading futures and options. Past performance is not necessarily indicative of future results. Full Details.
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 SMCJB 
Legendary Market Wizard
Normally Houston TX but in Colorado this month
 
Experience: Advanced
Platform: TT and Stellar
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
 
Posts: 4,758 since Dec 2013
Thanks: 4,081 given, 9,579 received


An annual occurrence that seems to disproportionality effect the smaller contracts/micros and hence I assume retail. I suspect that for most retail traders MES is now 3 times as expensive to trade (in commissions) than ES. (Although that's still better than Micro Ether, which in exchange fees alone is 27 times more expensive to trade than the full size contract!)

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