CME Certification and New Data Charges
Everyone has probably now received an email about CME charges and certification. It is legitimate and it is not broker specific, so no matter who you use as your broker, you will be required to certify yourself and choose your group exchanges that you wish to receive live data. For $5.00 per month, you can trade all of the Equity Indices, Currencies, Meats and Softs, so $5 per month should cover most all of the best futures markets. If you trade two exchanges, it’s $10 per month, and if you trade more than two, just choose the bundled package and that gives you all four CME exchanges for $15.
I do not know how this will effect trial accounts that are free, but I’m guessing you will continue to be able to trial those at no cost, but this could be different from broker to broker, so you will just have to ask the broker of your choice.
Nothing else changes in regards to our trading fees per RT with AMP, it’s just that your account will now be charged the additional CME fee once per month.
A copy of the letter is going out that is below. If you haven’t received one, you should contact AMP, as you only have until the 30th of December to certify your trading status.
Happy New Year!
Action Required by December 30th, 2014
Effective January 1st, 2015, all users of real-time market data from CME Group exchanges (CME, CBOT, NYMEX, COMEX) will be required to pay market data fees. As an AMP Clearing client, you can now customize your market data subscriptions to avoid any unnecessary fees from the CME.
The majority of AMP Clearing clients qualifies as a “Non-Professional” and can select from one of the following market data subscription options:
- Enable data for each of the CME Group exchanges you would like to receive at a significantly reduced fee of $5/month per exchange.
- Enable a market data bundle which includes all four exchanges for only $15/month.
- Deactivate all CME Group exchange market data for your account to avoid a CME Group data fee.
To ensure your account is updated, all self-certifications and market data subscription requests must be received by Tuesday, December 30th, 2014. Due to the required processing time, submissions received following this date may not be applied to your account in advance of the January CME Group billing cycle.
Submit your CME Non-Professional Certification