Futures For You by Carley Garner
NEW DATA FEES
What will the new CME data fees mean to retail traders?
Throughout my decade in the futures industry, the CME Group (and one of its predecessors, the Chicago Mercantile Exchange) has made relentless strides in technology; the organizationís efforts have been incremental in the process of bringing the futures markets to the masses. However, recent actions taken by the CME Group will likely force the commodity industry to take a few steps in the opposite direction. Higher fees for traders, but more notably, nearly crippling costs for brokerage firms and platform vendors might leave an already struggling industry in dire straits.
Data fees charged to retail traders (nonprofessional)
Much to the dismay of industry insiders, on March 1, 2014, the CME began to en-force its new data fee policy to any newly opened trading account that qualifies as nonprofessional.