CME Group market data users who had been registered prior to the company’s market data policy changes in 2013 were “grandfathered” in at a lower rate for the first year. As we approach the end of that time period, CME Group will be increasing the market data fee for all users regardless of how long you have been registered, in the markets, members, etc.
We don’t want this to catch you by surprise. The data fees have become the new normal, most firms have added the increase into the cost of doing business, and moved on. Billing has been mostly efficient, and this is now just another line item on the expense side of a payout sheet. But soon, for most, that line item is going to double -- so please plan accordingly.
accordingly.
You can access the Q&A sheet here:
http://www.cmegroup.com/market-data/distributor/files/member-netting-pay-per-user-program-faq.pdf
If you have any questions or concerns, please reach out to
the NIBA directly and we will be happy to help in any way that we can.