Across the board in 2023:-
https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf
https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf
CME raising rates .... again.
- Thread starter SunTrader
- Start date
ICE announced a 6.5% increase in Esignal's price as well. On the same day.
You'd think that for the only 2 significant players in a given market to announce coordinated price increases on the same day would be prima facie evidence of anti-competitive behavior crying out for regulatory intervention. Especially when those players enjoy net profit margins of like 50%. But I guess I'm just an old fogey.
You'd think that for the only 2 significant players in a given market to announce coordinated price increases on the same day would be prima facie evidence of anti-competitive behavior crying out for regulatory intervention. Especially when those players enjoy net profit margins of like 50%. But I guess I'm just an old fogey.
Small price to pay since SBF had been wanting to buy-out the CME just prior to the collapse.
As has been stated before... this would have caused 'biblical devastation'.
As has been stated before... this would have caused 'biblical devastation'.
Lol, CME is a 63 billion-dollar public company! Where the hell was he ever going to get that kind of cash, and did he really think he would convince the shareholders to a buy-out?
Do I have to post the words again from the CEO's mouth? 
Duffy stated it in an interview I recall. lol what a fucking joke that would have been.
as for the rate increase, eh, who cares? go make more money. could we have it any worse, really? come into desk each day, click mouse and type on keyboard, win. really? it's so bad?
Personally, I dun give a shit. 3-4 cent higher execution fee? Just set your profit target 1 tick higher, problem eliminated.
When I saw this fee bump, my first thought was what affect on breakeven for me?
For mini indexes there is no affect on ticks needed for breakeven.
For micro indexes MYM, M2K, and MNQ, 3 ticks instead of 2 ticks will be needed for breakeven.
You chose to focus on profit. I chose to focus on mitigating loss.
That explains a few things.
Carry On!