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CME 2023 Fee Increases (MES +16%!)


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  #1 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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CME/CBOT/NYMEX/COMEX Exchange Transaction Fee Amendments Effective February 1, 2023
To Members, Member Firms and Market Users
From Research and Product Development
# SER-9098
Notice Date 29 November 2022
Effective Date 01 February 2023
TO VIEW A PDF OF SER-9098 PLEASE CLICK ON THE LINK BELOW:

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf

Some Highlights (lowlights?)
  • MES/MNQ/etc going from 30c to 35c
  • MES/MNQ/etc SPREADS going from 24c to 35c (+45%!)
  • TAS products across all commodities going up.
  • NYMEX member 'day trades rates' going away.
  • COMEX rates going from 70c to 75c


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  #2 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
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SMCJB View Post
CME/CBOT/NYMEX/COMEX Exchange Transaction Fee Amendments Effective February 1, 2023
To Members, Member Firms and Market Users
From Research and Product Development
# SER-9098
Notice Date 29 November 2022
Effective Date 01 February 2023
TO VIEW A PDF OF SER-9098 PLEASE CLICK ON THE LINK BELOW:

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2022/11/SER-9098.pdf

Some Highlights (lowlights?)
  • MES/MNQ/etc going from 30c to 35c
  • MES/MNQ/etc SPREADS going from 24c to 35c (+45%!)
  • TAS products across all commodities going up.
  • NYMEX member 'day trades rates' going away.
  • COMEX rates going from 70c to 75c

Unfortunately this is becoming an annual occurrence.


Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
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  #3 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523


An annual occurrence that seems to disproportionality effect the smaller contracts/micros and hence I assume retail. I suspect that for most retail traders MES is now 3 times as expensive to trade (in commissions) than ES. (Although that's still better than Micro Ether, which in exchange fees alone is 27 times more expensive to trade than the full size contract!)


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Last Updated on December 7, 2022


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