CME Certification and New Data Charges
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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!
Mack
Dear Customers,
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:
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
Comments
Rick December 28, 2014 at
Thanks Mack. I just asked this same question on an older post of yours regarding AMP rates. Happy New Year to you all
Crystal December 30, 2014 at
Thank you & Happy New Year!
Steve January 10, 2015 at
Hi Mack,
I know you only trade the ES and $5 pm is not going to break the bank, but why should we pay more to the CME (big fat corporate) than we need to?
With that said, could you place some pressure on AMP to have them introduce the ‘Top of Book’ data fee option that the CME has had on offer for over a year.
Your PATS method does not use depth of the order book, so a top of the book data feed is fine.
As you will see from the following CME link on page 1, the cost for the CME exchange (read the ES) is only $1pm or $3pm for all 4 exchanges as a bundle for top of the book.
I and others have raised it with AMP, but still they have not introduced it which means we are all paying the CME more than we need to to trade your style.
Thanks
http://www.cmegroup.com/market-data/distributor/files/market-data-policy-changes-2014.pdf
Mack January 12, 2015 at
I will look into this a bit more, but my guess is until one broker offers it, none of them will. There could be some pieces to the puzzle that we don’t know about as well, but every broker that I use has added the $5 fee. I still prefer AMP because of my relationship with them, but the other brokers I have accounts at are charging the same amounts. I will see what I can do, but it doesn’t look to promising just yet.