If I subscribe to NASDAQ, AMEX and NYSE only am I going to be missing any data? I only trade in those exchanges.
Interactive Brokers Revising Fees for Data
- Thread starter justrading
- Start date
If I subscribe to NASDAQ, AMEX and NYSE only am I going to be missing any data? I only trade in those exchanges.
received the following today from IB :
Notice of CME Professional Market Data Change
Dear Client,
In November of 2013 the CME announced a series of changes to its market data services and pricing which were subsequently waived through 2014 year end for those already subscribed as of March 1, 2014. As one of those "grandfathered" subscribers you've since received live CME quotes at no cost, however, this free service will terminate as of the December 31, 2014 close. Accordingly, in order to ensure continuity of quote feeds you will need to elect one or more of the fee-based replacement services outlined in the table below prior to January 1, 2015.
Exchange (Globex)
Monthly Fee (USD)
CBOT 1
$45
CME 2
$45
COMEX 3
$45
NYMEX 4
$45
1 Includes US Treasuries, Grain and Oil Seed, Stirs, US Index, Deliverable Swaps, and Biofuels. Sample Contracts: AC, N1U, ZC, ZQ, YM, ZN
2 Includes Livestock and Dairy, US and International Indexes, and FX and Interest Rates. Sample Contracts: GE, M6E, LB, GDK, ES
3 Includes Base and Precious Metals. Sample Contracts: SI, GC, HG 4 Includes Energy, Agriculture, and Metals. Sample Contracts: QLD, CL, RB, PL
Note that each subscription includes both top of book and depth of book and these rates represent an approximate 50% discount to the rates offered to subscribers not classified as "grandfathered" (although the CME has not indicated if or when it intends to terminate this discount).
To elect your replacement subscription(s) prior to the December 31, 2014 cut-off date, please log into Account Management and select the Manage Account, Trade Configuration and then Market Data menu options.
Notice of CME Professional Market Data Change
Dear Client,
In November of 2013 the CME announced a series of changes to its market data services and pricing which were subsequently waived through 2014 year end for those already subscribed as of March 1, 2014. As one of those "grandfathered" subscribers you've since received live CME quotes at no cost, however, this free service will terminate as of the December 31, 2014 close. Accordingly, in order to ensure continuity of quote feeds you will need to elect one or more of the fee-based replacement services outlined in the table below prior to January 1, 2015.
Exchange (Globex)
Monthly Fee (USD)
CBOT 1
$45
CME 2
$45
COMEX 3
$45
NYMEX 4
$45
1 Includes US Treasuries, Grain and Oil Seed, Stirs, US Index, Deliverable Swaps, and Biofuels. Sample Contracts: AC, N1U, ZC, ZQ, YM, ZN
2 Includes Livestock and Dairy, US and International Indexes, and FX and Interest Rates. Sample Contracts: GE, M6E, LB, GDK, ES
3 Includes Base and Precious Metals. Sample Contracts: SI, GC, HG 4 Includes Energy, Agriculture, and Metals. Sample Contracts: QLD, CL, RB, PL
Note that each subscription includes both top of book and depth of book and these rates represent an approximate 50% discount to the rates offered to subscribers not classified as "grandfathered" (although the CME has not indicated if or when it intends to terminate this discount).
To elect your replacement subscription(s) prior to the December 31, 2014 cut-off date, please log into Account Management and select the Manage Account, Trade Configuration and then Market Data menu options.
IPE data rate also going up. See message from IB:
"Market Data Price Change Effective January 1, 2015
Effective January 1, 2015, there will be a change to the monthly fee for the below market data subscription:
ICE Futures Europe (IPE) 97.50 USD (previously 85 USD)"
Got the same notification. This is too expensive. And with a very short notice during the holidays season. Also, the discount offer is not forever, CME may start charging the full price any minute.
Yikes. Does anybody have a non-professional paper-trading account to share?
Maybe we can make a deal. PM me
Jack
I trade TF,YM,CL,NQ,Z in a company account and therefore classed as a pro.
That is going to be $6500+ dollars a year (once the CME discount expires).
Because each symbol is on a different 'virtual' exchange (ICEUS/NYBOT,ECBOT,NYMEX,CME,ICEEU/LIFFE), even though they are really on just 2 exchanges (ICE and CME).
I dont care how rich you are, $6500 a year in new fees on top of all other business costs we already pay.
That is alot of extra money.
And its not stopping, the exchanges are increasing data charges above inflation. ICEUS and ICEEU went up from $85 dollars a month to $97 this year.
Where will they stop? $200 a month per virtual exchange? $500 dollars a month, $1000 a month?????
They will charge as much as they want to because they are monopolies.
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I trade as non professional (because I trade only my own money) ES.Got the same notification. This is too expensive. And with a very short notice during the holidays season. Also, the discount offer is not forever, CME may start charging the full price any minute.
Yikes. Does anybody have a non-professional paper-trading account to share?
Maybe we can make a deal. PM me
Jack
I received already weeks or months ago mails about price changes. But what I experienced is really almost criminal.
First I read 40$ a month extra for ES, but I pay already that amount to my ES datafeed to my data provider. So should I pay double???
I contacted CME and my broker again. Final result is that I pay 5$ a month!!!
I was always busy with trading and not with the administration about datafeed, subscriptions.... so I did not know what my situation was.
Now it appears that they changed me from i don't know where to CME exchange. Result is that i don't pay these 40% a month but only 5$. And they added the following:
It also means that you can trade all markets that is under the CME exchange like currencies and other indexes like the NQ.
So where did they put me before and why? And why my new situation is much cheaper althought I have more trading posibilities?????
So find a different brokerage that doesn't class you as pro when you trade through a company. (maybe worth starting a new thread for this).
Or restructure it so you trade as an individual.
looks like exchanges are pathetically desperate for every penny of the revenue. Imo clear demonstration that real trading activity is down big time. As for data for pro-back in a day I've traded llc account without any data at all. I have personal account with them and just added another user/trader. So im getting the market data via api (actually two controls) from personal account, but orders are handled by api that connected to llc tws.
not for everyone, but if one have some programming skills-this is a very easy and imo worth to implement solution.