IB NYBOT Data Fees

Quote from comintel:It looks as if it is ICE that is playing the games - threatening to charge the fee and then not necessarily following through. -snip- I think ICE has been playing these games on and off for years.
More...
I thought the futures exchanges made most of their money on volume, not data fees. The ICE invested a lot of time and expense to move the Russell from the CME to the ICE. Perhaps someone at the ICE figured they'd generate more volume by forcing trades to preclude data fees. I guess a lot depends on how many people will trade or trade more to avoid the data fee as opposed to leaving the ICE altogether. Perhaps "the game" will work.

Jack
 
Quote from JackR:

I thought the futures exchanges made most of their money on volume, not data fees. The ICE invested a lot of time and expense to move the Russell from the CME to the ICE. Perhaps someone at the ICE figured they'd generate more volume by forcing trades to preclude data fees. I guess a lot depends on how many people will trade or trade more to avoid the data fee as opposed to leaving the ICE altogether. Perhaps "the game" will work.

Jack
More...

It's possible but I doubt that they can really threaten people into trading.

It may all merely be a gambit by ICE to give vague notices to brokers and never really charge, just try and shake loose excess load on their quote servers from tire-kickers.

I seem to recall that they said they were going to do this a few years ago and it all faded away.
 
Quote from Daal:

I noticed IB removed any description from the market data subscription page for ICE data
More...

Probably because they can't figure out when and whether ICE is actually going to start charging for quotes any better than anyone else can.

Hmm, according to various news stories "ICE Futures Expands CME Rivalry With Plan to Offer Grains."

It could be that brokers who agree to list the new ICE products will be eligible for a "special promotion" that includes free quotes for all ICE products.
 
Just spoke to an IB rep, and he told me that $75 will be charged, per month, no matter how many trades.

Is there any alternative market data feed for NYBOT ?
 
It use to eb $1/mo fee, then it was $75 if don't don't at all during the month. Now, it doesn't matter if u do 10k trades. Forget it. Better stick to CME.
 
I got charged $85 by IB for the first time ever for ICEUS data, i just need real time, level 1, on one market (TF). But ICE are greedy f*ckers charging full wack level 2 to non pro retail, and giving no discount if you only need level 1.

I am also being charged another $95 a month for LIFFE data (again i only need level one quotes on one market), since ICE bought LIFFE, again no discount if you only need level 1 data and/or are retail.

So that is $2000 a year in new fees from me.

Luckily CME are only charging non-retail customers full wack starting next year. So CME are being kind to retail for now as they only want a few dollars a month.

If CME were charging me their pro rates for ES and CL, which i also trade, that would be another $85 or each, taking me to a total $4000 for data costs a year.

I wouldnt begrudge paying if i was a heaving user of Level II and traded many instruments on each exhange, but i am relatively light level 1 user, trading only one market on each exchange.

The exchanges are getting greedy, probably only a matter of time before CME decide to start charging retail more for data i think.
 
Last edited:
They're essentially in a monopoly situation, so it's only a matter of time until the rates climb again. Equities are at least a duopoly for now, although there's not much competition when it comes to fees.
We need new players to enter and compete.
 
You must log in or register to reply here.
Back
Top