CME Fees Increasing Again in February

traider · Dec 10, 2021

newbunch said:
Most of the fee increases aren't that bad, but....
Non-member Micro FX fees go from $0.16 to $0.24, a 50% increase.

It's been a long time since I traded micro fx. Are the spreads still much worse than the normal contract?

Spreader33 · Dec 11, 2021

The CME are already banking on these micro contracts with the equivalent commission much higher then the minis when using a multiplier of 10.

wrbtrader · Dec 12, 2021

hilmy83 said:
i thought about that. i figure that dividend yield would probably offset the increasing cost of trading that they seem to do regularly

I think it's a great stock to own for investment and dividend purposes.

http://investor.cmegroup.com/dividends-splits

wrbtrader

tango29 · Dec 13, 2021

Annoying, I have been using micros to live test new strategies. Most have been duds so that just adds to my cost, but I do like testing in live with minimal dollar risk. I have also been trying to talk myself into swing trading the micro indexes, and again an added cost. In reality not a back breaker, but it would be nice if the costs were on a comparable basis to the minis at least.

Overnight · Dec 13, 2021

tango29 said:
Annoying, I have been using micros to live test new strategies. Most have been duds so that just adds to my cost, but I do like testing in live with minimal dollar risk. I have also been trying to talk myself into swing trading the micro indexes, and again an added cost. In reality not a back breaker, but it would be nice if the costs were on a comparable basis to the minis at least.

Then just adjust your stops and targets by 1 tick. Problem solved.

easymon1 · Dec 13, 2021

schizo said:
Again?? Goddamn shameless thieves. If you do the math, you're already paying too much for the E-minis and way too damn much for the micros.

mervyn · Dec 13, 2021

Cftc agreed on this?

newbunch · Jan 31, 2022

Tomorrow is the day!
Just updated my transaction cost sheet.

schizo · Feb 2, 2022

MUDDA FAKKAS

The_Krakenite · Feb 3, 2022

Trading MET felt almost like FREE to me.

Then again, Canadians pay the highest banking/trading fees in the world (always have), so we're used to it. You guys don't know how spoiled you are...

Imagine if you only had 6-banks to choose from, and the government purposely encourages the monopoly to prevent foreign competition? This is what we are stuck with.