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Hello, I've been trading for a year, on an OEC platform. I'm aware that starting January I'm going to need to pay a monthly CME fee for my data feed?
I was at the level where I wanted to start experimenting with other solutions to continue training and developing my skillsets, maybe use several platforms in conjunction with for example Sierra Chart and Market Delta Trader... (still doing research on my overall direction).
I just wanted to know if the CME is going to make me pay fees for each platform I use?
Thanks
Can you help answer these questions from other members on NexusFi?
To the best of my understanding, you will pay for each additional 3rd party screen.
So to answer your questions, yes!
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
That's a disappointment. I wish our country reinforced antitrust rules, particularly in this case where CME owns all major US Futures exchanges...
mattz
Posts: 2,493 since Sep 2010
Thanks Given: 2,441
Thanks Received: 3,791
Data distribution it not free.
Data is disseminated via pipes and the more are connected to it the more it costs.
Cost of technology went up, so customers, brokers and other professionals are being affected by this.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Alternatively, Ice Canada, Canola Contract. Just north of the border.
M
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
SMCJB
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,208
I'm not sure that's actually the case. Referencing the thread that @Big Mike already linked...
In November 2013, CME Group announced that the company would discontinue the waiver for its market data fees on trading terminals. We listened to your feedback, and understand that in todays …
As a follow up to the market data memo dated June 6, 2014 from Bryan Durkin, Members who wish to participate in the netting program should now visit the Members tab at www.cmegroup.com/data-for-members for detailed instructions …