Chicago Mercantile Exchange (CME) has said that it will
initiate higher fees, beginning on 1 August, a move that
largely pleased investors and annoyed customers.
The fee model will raise clearing fees on all CME stock
index, FX, interest rate and commodity contracts. The rate
increases for members and lessee members are the first since
By raising fees, CME hoped to stem the gradual decline in
its revenue rate per contract traded, a major negative about
the firm to many analysts. The average rate per contract for
this year through April was 65.8 cents, down from 66.8 cents
for the first quarter and 70.3 cents in the fourth quarter of
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