Greedy CME Raises Exchange Fees Again as of February 1st

Quanto said:
Is there a competition in sight?
What about Chinese exchanges? Can they meanwhile compete with the US exchanges?
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Stock indicies are not like the FX. Where any exchange can list EUR/USD if they want to.

They are trade marked/copyright etc. So CME pay licence fees to S&P and Russell to exclusively list and host the ES and RTY.

In theory any exchanges can make up their own stock indices. But these would never get enough volume/liquidity to make them viable.

Even futures on some more well known indices like the Nasdaq composite index futures and Russell 1000 futures were never able to attract much volume.
 
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Businessman said:
Let me start by saying: Obviously i would prefer any fees don't go up at all and if they do then definitely no more than CPI. CME are greedy f**kers.

But one thing to consider is fees vs notional contract value:

Back in 2004 i was paying $5 round trip to trade $50,000 notional in ES.
Back in 2019 i was paying $3.6 round trip to trade $125,000 notional in ES
Now in 2024 (after this increase) i think i will be paying $4 dollars to trade $250,000 notional in ES.

Really the e-mini SIFs offer so much more bang for the buck compared to even five years ago, no thanks to CME, just the SIF notional values have soared. While CME fees have gone up more than inflation, the notional value of the indices have gone up way more than inflation.

And thankfully the clearing firms and brokers have not increased their fees by as much as the CME. In many cases these other firms have reduced their fees over the years due to competition while the CME are a monopoly.
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Terrence Duffy´s "total compensation" was reported $23M until Dec 2022. Don´t know, though, what the golf player earned in 2023.

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I dont want to jinx things. But at least the CME has never (as yet) gouged retail trader on data fees like ICE.

$36 a year for level 1, which is virtually free compared to the ICE scum who charge $1500 a year.

My guess is CME figure they make more money from those fat retail trading fees if they keep the data affordable.

Although if they run out of ideas for making more money they might end up gouging data fees for retail as well.

Paying $1500 for one exchange might be just about ok but paying that much for multiple exchanges wont be good.
 
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Businessman said:
I dont want to jinx things. But at least the CME has never (as yet) gouged retail trader on data fees like ICE.

$36 a year for level 1, which is virtually free compared to the ICE scum who charge $1500 a year.
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Is the $36/yr product/subscription real? Any link for the details?
 
Businessman said:
$36 a year for level 1, which is virtually free compared to the ICE scum who charge $1500 a year.
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CME might not be as scum like ICE, but pretty close. At least, ICE doesn't hike their fees on an annual basis.

Also CME recently RAISED THE LEVEL 1 FEE from $3 to $10 (that's more than 3 fold :vomit: *THIEVES*).
 
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if you have the depth of market, you don’t need level 1. anyway data is reasonable, fees are not.

will see if micro is 62 cents per side, i read it somewhere.
 
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