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** 2024 CME Exchange Fee Increases **


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** 2024 CME Exchange Fee Increases **

  #1 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
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Highlights are (for non-members)
CME eMini Equity Futures OUTRIGHTS increase from $1.33 to $1.38
CME eMini Equity Futures SPREADS increase from $1.00 to $1.15
CBOT eMini Equity Futures increase from $1.33 to $1.38
CME Bitcoin Futures increase from $6 to $6.5
CME Ether Futures increase from $4 to $4.5
NYMEX Natural Gas, Crude & Products increase from $1.50 to $1.60

As far as I can tell they are leaving all the Micro's alone.

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2023/11/SER-9295.pdf

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  #2 (permalink)
TradingThomas
Las Vegas Nevada USA
 
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Their monopolistic greed knows no bounds.

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  #3 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Adding the PDF here for safe keeping.


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  #4 (permalink)
 Liberty88 
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SMCJB View Post
As far as I can tell they are leaving all the Micro's alone.

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2023/11/SER-9295.pdf

The Micros are already WAY overpriced!

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  #5 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
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the answer is simple , trade stocks ..0 commission , O data charges , competitors are not as talented , there not as leveraged , if you like indexes use the SPY ATF , some stocks pay dividens , no roll over to worry with , and if you trade from the long side you are trading with a directional long term bias . some where between 8 to 10 persent on average . There are other advantages but I do not have the time to dive into all of them on this forum .

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  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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forgiven View Post
the answer is simple , trade stocks ..0 commission , O data charges , competitors are not as talented , there not as leveraged , if you like indexes use the SPY ATF , some stocks pay dividens , no roll over to worry with , and if you trade from the long side you are trading with a directional long term bias . some where between 8 to 10 persent on average . There are other advantages but I do not have the time to dive into all of them on this forum .

I like your answer for a lot of reasons, but we should mention PDT rules and account minimums for margin. I don't day trade but many do.

It's funny (?) the higher leveraged product (futures) requires far lower minimums to open.

I've used IB for 25 years and I think they require 10k to open and more to be granted margin.

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  #7 (permalink)
SunTrader
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Free is never free, ie PFOF.

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  #8 (permalink)
 
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 Big Mike 
Manta, Ecuador
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SunTrader View Post
Free is never free, ie PFOF.

You've been here 5 years and can't find enough value here to support the community with Elite Membership?

You have received a lot for "free" these past 5 years.

We're here to help: just ask the community or contact our Help Desk

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  #9 (permalink)
 
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 josh 
Georgia, US
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forgiven View Post
the answer is simple , trade stocks ..0 commission , O data charges , competitors are not as talented , there not as leveraged , if you like indexes use the SPY ATF , some stocks pay dividens , no roll over to worry with , and if you trade from the long side you are trading with a directional long term bias . some where between 8 to 10 persent on average . There are other advantages but I do not have the time to dive into all of them on this forum .

Mike mentioned PDT, but there's also the 60/40 tax benefit of using futures. ES is just a better day trading instrument than SPY.

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  #10 (permalink)
 
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 bobwest 
Western Florida
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forgiven View Post
the answer is simple , trade stocks ..0 commission , O data charges , competitors are not as talented , there not as leveraged , if you like indexes use the SPY ATF , some stocks pay dividens , no roll over to worry with , and if you trade from the long side you are trading with a directional long term bias . some where between 8 to 10 persent on average . There are other advantages but I do not have the time to dive into all of them on this forum .


josh View Post
Mike mentioned PDT, but there's also the 60/40 tax benefit of using futures. ES is just a better day trading instrument than SPY.

Also, nothing prevents someone from using ES, for example, for longer-term trading. And the 60/40 tax treatment will be better, if your holding period is less than the 6 months you need for long-term capital gains.

The greater riskiness of futures comes from the inherent higher risk of short-term trading, which you don't have to do, and of higher leverage, which you don't have to use if you keep your margin large enough. Commissions will matter, or not, mainly depending on the frequency of your trading, so will be less a factor if you're not day trading.

If you do want to introduce leverage into your stock buying, which increases your risk, it will be through a margin loan, which bears a cost. If you want to sell stocks short, you will need to use a margin loan. Should a trader be doing things that increase their risk? Maybe. It depends on the person and their reasons for being in the market.

If you own stock you own an asset. If you are long a futures contract you own nothing. You will be paid, or will have to pay, based on the variations in the relative value of your contract, which will expire. If you want something to put in your safe deposit box (or of course hold in the depository), then you want to own stock. If you think of yourself as more an "investor" and less as a "speculator", you will want to own stock. And so on.

Personal preference, and personal balancing of the pros and cons. Nothing wrong with either, except if it doesn't fit what you are looking for. Nothing inherently right about either as well.

And let's not forget that most who enter the markets in any way do not do well. Beating the market means beating a lot of highly informed people who really, really want to beat you. The competitive aspect has to be figured in the mix too. It's why all trading, and investing too, has risk.

@forgiven is right, @Big Mike is right, @josh is right, I am right, everyone who makes their own assessment based on their own priorities, and is realistic, is right (but only for themselves). And is not guaranteed anything. "You pays your money and you takes your choice."

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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Last Updated on December 16, 2023


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