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On Monday, I saw the email we are sending to all IQFeed/DTN.IQ customers regarding improvements made during 2013 and 2014 pricing. It will be emailed this week. We always send this letter during the first week of Dec (along with changing …
I agree with your facts, but disagree with what does this mean to 'me'/traders. Alternative FX futures, such as those on ICE and Eurex (discussed in this thread (), simply don't have (enough) liquidity to make 'leave the CME market' …
I think a significant number of retail traders will be paying Pro fees come Jan 2015. Assuming traders qualify as Non-Pro under the CME Group Pro/Non-Pro rules, the other requirement is that they qualify for the current CME Globex waivers …
What are the criteria to qualify for non-professional subscriber?
1) NON-PROFESSIONAL SUBSCRIBER - Any natural person whom a market data Distributor has determined qualifies as a "Non-Professional Subscriber" and who is not:
(a) Registered …
CME Rate Change!
I have asked myself “What has led the CME to go down this path? Why now and did they really overlook something that brokers and FCMs are opening their eyes to? I attempt to answer it here.
"As long as you qualify for the Non-Professional CME Globex data package, you will receive reduced exchange fees of $1 per month per CME Group exchange for level I data. Level II data is available for $5 per month per CME Group exchange. You can also receive all CME Group exchange's Globex data packaged together for $3 per month for Level I data or $15 for Level II data."
"This program replaced the CME Exchange Fee waiver program on March 1, 2014. Customer's who participated in the CME Exchange Fee waiver program as of February 28, 2014 were grandfathered in and will continue to receive fee waivers through the end of 2014."
Although interestingly on CME's groups webpage there's a link that if you're grandfathered you also get a further 50% discount if you are a Professional user (unfortunately not for non-pro usage).
Also working quite closely with the exchanges in a professional capacity / dayjob, I know they are all coming forward with pricing policies for non-display usage - all of them. This is less impactful to the average trader, however it will be for people doing business like tool providers and users that run external systems.
Non display usage will be any sort of use of their data that is outside of pure on chart/dom usage. Eg, for running calculations or feeding into an external system. See below quote form the exchange website as what the class as non display usage:
A. Automated Trading Systems (ATS) – systems that use CME Group information to trade
via automated systems, either for purposes of routing orders to CME Group or to other
exchanges.
B. Trade Internalization – the use of market data in systems that match trades within an
organization, as opposed to routing to the exchange
C. Internal Non-Display – use of data for systems processing and calculations, such as
portfolio management, credit and risk systems and all other forms of non-display use.
