index futures listed on both ICE and CME

i960 said:
....In fact, ICE fees weren't exactly cheap before, but yes, they do add up for people (including me). ....
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Thank you for taking the time to respond with a lengthy explanation. But, just as an FYI, for a very long time many traders told me that they have to pay ICE fees while the FCMs I was clearing with did not implement such fees. I am not sure why this gap existed, however today they have caught up with everyone.
 
i960 said:
Kinda interesting that traders who are irked over a 100/month fee (meaning they have small accounts) would take flight to FDAX :D.

Anyway, I trade other things besides just the Russell so I'm not leaving ICEUS over that (and besides, it's best not to have 1 exchange with all the US futures volume, that's a bad situation to be in). I even pay for ICEEU as well. It's not just ICE BTW, everyone is turned up those knobs (seen the ASX increases lately? This seems like the 2nd one within just a year).
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Eurex launched a mini FDAX contract, FDXM, which is doing well also.
 
patrickrooney said:
Eurex launched a mini FDAX contract, FDXM, which is doing well also.
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Who's dumb idea was that? Actually its not dumb, its probably very smart and very greedy.

I guess the Eurex plan is to dump the big contract at some stage and force everyone onto the mini earning them 5x exchange commissions in the process.
(Not to begin with, but after a while they will up the fee on the small contract)

They should of just got rid of the big one (25x multiplier) and replaced it with a single x10 multiplier one.
Now you have one contract that is too big and one that is too small.

The mini one isn't doing much volume compared to the big one, adjusted for size its only doing about 4000 big contracts a day.

But if they stop the big one it will do 400K volume a day at the smaller size, assuming not many traders decide to jump ship.
 
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i960 said:
Mini Russell will get worse when it heads to CME in my opinion. You're protected against easy cheap arb right now which is what makes TF have different action.

People keep whining about data fees on ICE but I guarantee you they'll just give it all back once it's on CME.
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Who needs the over priced ICE when you have SGX (Singapore) which gives you very cheap access & fills to liquid breakout markets such as China, India, Singapore, & Taiwan which still have most trades made by real people.
 
Does ICE charge for delayed data or is it $0 as it is at the CME for delayed data?

i960 said:
Not sure if you meant ICE commodities as all their commodities, but that isn't new at all, nor is TF in a different fee structure than ICE US commodities - which it isn't. In fact, ICE fees weren't exactly cheap before, but yes, they do add up for people (including me). My point though is that someone who was paying for ICEUS before for TF and US commodities basically just pays more, the actual offering does not change.
  • ICUS/IFUS is a single 110$+ fee for indexes (including MSCI), metals, US ag/softs, etc.
  • ICEU/IFEU is a single 110$+ fee for energies (Brent, Gasoil, UK NG), emissions, and UK softs (Robusta, White Sugar, London Cocoa).
  • ICEU/IFLL is a single 110$+ fee for indexes (FTSE100), interest rates (Euribor, Short Sterling), etc.
View attachment 166102
https://www.theice.com/publicdocs/data/Market_Data_Subscriber_Fees.pdf

The fee increases definitely suck, I agree with that. But on the other hand if they're making people stop trading products that they'd otherwise have success at it's a sign of undercapitalization. Personally I think ICE ran the numbers and targeted their fees at those they knew who would pay. However, I do think they should really be considering a non-pro option.

Their delayed data is still cheap though.
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aetrade said:
Does ICE charge for delayed data or is it $0 as it is at the CME for delayed data?
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Depends on who you use, e.g. CQG it's listed as 7$, but eSignal you can get basically every US futures exchange delayed for 12$ or instead just about every single futures, stocks, and forex globally for 38$/month.
 
Thanks!

Do you have a link to the CQG price list you are referring to.

i960 said:
Depends on who you use, e.g. CQG it's listed as 7$, but eSignal you can get basically every US futures exchange delayed for 12$ or instead just about every single futures, stocks, and forex globally for 38$/month.
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