CME fee increases -- announced today, effective Jan 01

This really pisses me off. Even just a penny increase. They already charging monthly fees to access their data. They charge the highest per contract exchange fees compared to all other exchanges around the world, now they ready to start 2017 with "price increase".

CME need to get out of the board room and look at the daily trading volume on the ES. I remember when it was minimum 3-4 million contracts traded a day. Now maybe 1.5 million per day. They should be giving away data and lowering the exchange fees in order to drive trading volume, NOT increasing price - even 1 penny!
 
Deuteronomy_24_7 said:
Have you told them that?

You know the answer to that question. What am I going to do, except waste my time? I can already hear it now, thank you for your call, we really appreciate customer feedback...but you still going to pay the fee increase in 2017!

I wish there would another market that was like the emini. any suggestions?
More...
 
surf'n trade said:
This really pisses me off. Even just a penny increase. They already charging monthly fees to access their data. They charge the highest per contract exchange fees compared to all other exchanges around the world, now they ready to start 2017 with "price increase".

CME need to get out of the board room and look at the daily trading volume on the ES. I remember when it was minimum 3-4 million contracts traded a day. Now maybe 1.5 million per day. They should be giving away data and lowering the exchange fees in order to drive trading volume, NOT increasing price - even 1 penny!
More...

Sometimes, you really want hamburger. So in the summer you make a tasty hamburger and enjoy it. In the autumn, hamburger goes up $.05 per patty. Will you stop eating hamburgers then?

Likewise...If you are making money trading as a business, and your business expenses go up, do you shut down your business of trading? I would hope not.

After all... If Burger King shut down their entire franchise because the cost of meat went up $.05 but McDonalds did not and simply absorbed the extra cost, what good would it do Burger King? Win win for McD!

Be the McD, and just absorb the higher price as a cost of doing business...Adjust accordingly.
 
Exactly. Win win for CME.

Agreed. A trader is not going to stop trading because of a 1 cent increase, I just don't like the pricing monopoly power being used by CME.
 
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