CME Group Market Data Fee FAQ Clarification
Back to Journal

CME Group Market Data Fee FAQ Clarification

N
Written by
NIBA
Published
Reading time
1 min

CME Group Market Data Fee FAQ

In response to the NIBA, the CME Group Market Data Team has submitted the following clarification to its November 12, 2013 notice regarding market data fees:

Question: I am an end user, with one software application that has order routing capabilities to multiple broker/FCMs. Do I have to pay the market data fees for each broker/FCM connection?

Answer: No, market data fees are assessed per device, not per the number of order routing connections.

The CME Group has indicated it will notify us promptly of any additional clarifications or changes to the original announcement.

Stay Informed

Subscribe to the NIBA Journal for the latest insights and industry updates

Related Articles

View All
NIBA Career Day Event @ DePaul University
NIBA Briefings

NIBA Career Day Event @ DePaul University

The National Introducing Brokers Association continued its 35th anniversary celebration last month with a successful student-focused outreach event at DePaul University, bringing members of the futures and options industry directly into the classroom to engage with the next generation of market professionals. Approximately 45 students attended a panel discussion featuring industry practitioners who shared insights on building a career in the futures and derivatives markets, the wide range of professional paths available across brokerage, trading, risk management, legal and compliance, marketing and operations, and the skills that help young professionals succeed in a fast-moving global marketplace. Pictured from left: Dr. Peter Westin, Director, Arditti Center, DePaul University; Melinda Schramm, Founder & Chairman NIBA; Catie Lee, Director of Marketing, ADM Investor...

Futures That Don’t Look Like Futures
NIBA Briefings

Futures That Don’t Look Like Futures

The Small Exchange launched new futures products that pair the efficiency of futures with the simplicity of stocks, on June 1, 2020. Built on the pillars small, standard, and simple, the Smalls cover everything from stocks and bonds to commodities and foreign exchange in a way that is accessible to the everyday trader. After surveying the current landscape for active investing, CEO Donnie Roberts decided that traditional futures had not evolved to meet the needs of the self-directed trader. Small Exchange futures were designed with ease of use in mind, and they cut out the large notional sizes and inconsistent specifications from traditional futures while providing cost-efficient capital requirements. All products from the Small Exchange have the same minimum tick...

Life of a Brokerage Firm <Part Three>
NIBA Briefings

Life of a Brokerage Firm <Part Three>

Life of a Brokerage Firm &lt;Part Three&gt; Ron Grossman and Ryan Griffeth conducted as series of interviews discussing the various stages of a brokerage firm. Interviews are presented here in Q&amp;A form. The focus of part three is on the exit strategy, or lack thereof, and what firms who have formalized these types of strategies are doing to implement them successfully. &lt;Industry Professional&gt; Michael Coglianese, Coglianese, CPA How many firms do you talk to that have an exit strategy formalized? 10%. They all should have them. What would you advise a firm or broker who had an exit strategy but was unsure of how to execute it? Talk to an attorney and accountant who has experience in this area. It...