Higher fees from the CME group coming in February. Oh well...

The only way to prevent CME from increasing is if the CBOE decides to trade index options for 24 hours, then CME wont be able to compete with them, and will stop trying to increase their profits.
 
skalmadi said:
The only way to prevent CME from increasing is if the CBOE decides to trade index options for 24 hours, then CME wont be able to compete with them, and will stop trying to increase their profits.
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Cme and cboe are competitors?
 
2rosy said:
Cme and cboe are competitors?
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CBOE index options such as SPX, RUT or the Nasdaq index option such as NDX are the biggest competitors for the very large CME products such as ES or NQ, and also their mini futures. IF the CBOE and Nasdaq make SPX, RUT and NDX trade round the clock, CME will lose their stranglehold on the market, I think.
 
I thought we all ready had an increase for equity products in January. Is this another increase, or has my broker gotten ahead of the game in upping the charges all ready? I'm up .12 this year all ready. 0.05, 0.12 aren't the end of the world, but yes it does matter. I am running a business and costs do add up.
 
M.W. said:
Quit talking as if you knew a thing about trading you old geezer who posts video clips.
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Not only that but he's so dense that he doesn't understand why people place him on ignore in the first place. Go figure.
 
When Eurex came to town as a competitor nobody cared. With the exception of people who foresaw this. A whole suite of products competing with the CME.
 
semperfrosty said:
hahaha.dont get him started hilmy!! hahaha
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I unblocked him cause he liked my posts after lol

But seriously, I wasn't gonna bother with anybody who doesn't see the impact of this bullshit commission increases in % terms and how it impacts your bottom line. It's basic life skills.
 
Doing some math here for AMP on MNQ

RIght now we're paying .94 (.47 a side)

.3 exchange
.1 cqg
.02 nfa
.05 amp clearing

0.5 tick value, it takes 1.88 or 2 ticks to b/e on top of spread

with the updated cost (assuming all remain the same)

.35 exchange will increase it to .52 per side or 1.04 RT

Now it will take 2.08 ticks or 3 ticks b/e on top of spread


It's important to know what that b/e point is since i have a b/e code as part of my algo...


fucking cme man
 
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