Fears were aroused among traders last week of wholesale fee
increases as Chicago Mercantile Exchange (CME) announced that
it was to repackage its data and up charges, with some sources
worried that the changes could herald the start of an unwanted
trend among listed exchanges to enhance revenues.
The exchange said last week it would double the cost for
data $5 to $10 per package, but added it would also supply more
information such as market depth. Unlike Chicago Board of Trade
(CBoT)'s effort over the summer to impose a data user fee on
customers (see FO Week Vol 11 No 24), CME data price
hike is being viewed by most as charging more while also
offering additional value.
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