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Thank you for giving such a great summary. Now it is much clearer. I would have spent 3 weeks trying to gather and make sense of this information. Now it is very clear to me what all the fees people talk about mean, and where they are applied.
My profile is out of date. I haven't been to the forums since Shep was a pup. My broker is AMP. AMP also sent me an email explaining the $15 charge. Reading this thread made me understand why AMP is cheaper than ToS. (the latter has certain fees included, thus a higher round trip cost per contract).
Anyone have an idea about AMP futures CME charges? I just received email they took out $15 and I am in sim mode only. Actually doing a load of market replay for the past months. Thanks
ToS have very high commissions that would cover most $15 a month charges (according to some guys we switched from there). All brokers get charged the $15 for all CME products, and they are charges that come from the exchanges directly. You can lower your fees if you reduce quotes and charts only to the products you trade (eliminate CBOT, for example if you do not trade Bonds, or reduce NYMEX if you do not trade CL), etc.
Next year the CME will charge $30 for quotes for all 4 exchanges as far as I know.
Correction: Retail stays at 15. Not 30.
Thanks,
Matt
Optimus Futures
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