Greedy CME Raises Exchange Fees Again as of February 1st
- Thread starter schizo
- Start date
I guess you will give up trading CME products,
and trade products from other Exchanges.
Shouldnt be a concern for you as trade 1 lot micro's and i dont think fees for those are going up
Shouldnt be a concern for you as trade 1 lot micro's and i dont think fees for those are going up
going up 2 cents per side for micro
I wish I could trade only 1 micro lot every other week like you. Something to think about.Shouldnt be a concern for you as trade 1 lot micro's and i dont think fees for those are going up
I don't think they're raising the fee for the micros this time, only the minis (see below)
Here are the announced fee hikes for the last 3 years, nickel at a time:
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.
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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