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The $15 platform fees per exchange + clearing fees will be a significant cost to a retail trader if added over a year.
However the same future contracts are available on ICE and NYSE-Euronext.
I don't think you'll find comparable ICE and CME contracts to be the "same" even if contract specs are close or identical. I wish that were true, but unfortunately CME has the volume in many of the popular futures markets. That makes a big difference.
I spoke with Eliot at Mirus Futures, he has a meeting with the CME tomorrow and once he has more info on some key issues, his team will disseminate it.
Thank you very much for your comments about the new Market Data Fee’s. All concerns are being acknowledged and are much appreciated. Please feel free to contact The Market Data Team with any questions you may have regarding the policy update.
Warmest regards,
The Market Data Team
CME Customer Service
Thank you for contacting CME Group
Dear ....,
We thank you and value your feedback regarding Market Data Fee changes. Your comments have been escalated to the appropriate team for immediate review.
Thank You,
CME Group
Customer Service
“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
After talking to some people again today on this, my general impression is the CME is clueless about retail traders (the one thing everyone seems to agree with).
I cannot say whether or not they are going to make changes to their policy.
But some clarification I did receive from multiple sources did indicate to me, in my opinion, that the $15 per-platform fee (ie "primary" and "backup" platforms) is not correct and it is a per-broker fee. But this is just my interpretation, who knows at this point what the final language is going to look like.
I believe that the brokers, platforms and data feed providers on futures.io (formerly BMT) are on top of this issue and that any delays are on the CME's side, so please cut them some slack and try to understand what they are dealing with.