We are writing to inform you that MB Trading has changed its data feed offerings. If you generate at least $25 per month in aggregate commissions across all equities, options and futures accounts per username login you will receive NYSE, AMEX, NASDAQ, Options Data, Futures E-mini data (CBOT,CME,COMEX, NYMEX) for FREE. Otherwise the cost will be $6 per month.
Additionally, we have changed our pass-through charges for full-size Futures contracts. All full-size Futures data, aside from ICE, now cost $61 per month. ICE futures will cost $65 per month.
A quick guide of the changes are below for your convenience.
Thanks DTrade88. I have all my email setup to go to two different accounts automatically (domain forward), my ISP email and Gmail. A copy of that email does not exist in either location for me so I doubt I received it.
Regardless, it is not clear to me from that email that COMEX full size went from FREE to $61, just that the fee changed from something to $61 on that day.
Interestingly I was charged the first time on 11/16/2011 which is a couple weeks before that email was sent.
Also I was not charged a fee for November so they are clearly screwed up.
We are writing to inform you that MB Trading has changed its data feed offerings. If you generate at least $25 per month in aggregate commissions across all equities, options and futures accounts per username login you will receive NYSE, AMEX, NASDAQ, Options Data, Futures E-mini data (CBOT,CME,COMEX, NYMEX) for FREE. Otherwise the cost will be $6 per month.
Additionally, we have changed our pass-through charges for full-size Futures contracts. All full-size Futures data, aside from ICE, now cost $61 per month. ICE futures will cost $65 per month.
A quick guide of the changes are below for your convenience.
Market Data Express Indexes (CBOE) $2.00
NASDAQ Level II $10.00
NASDAQ Totalview $15.00
NYSE ArcaBook $10.00
Toronto Stock Exchange $9.50
COMEX (Full Size Contracts) 1/1/2012 $61.00
CME (Full Size Contracts) $61.00
CBOT (Full Size Contracts) $61.00
NYMEX (Full Size Contracts) 1/1/2012 $61.00
ICE Futures US $65.00
ICE Futures US 1/2/2012 $75.00
1. The non-professional Data Bundle is free to clients who generate at least $25 per month in aggregate commissions across all equities, options and futures accounts per username login. Forex activity is not included in this calculation. Applicable commissions will be attributed only to trades that were entered under the username login. For example, a desk trade would not count toward the $25 commission level. Those clients who do not reach the $25 commission level in a calendar month will be charged a $6 per month data fee that will be deducted from the account with the largest cash balance. If the client does have an account with a sufficient cash balance to be charged this data fee the Level 1 Data Bundle will be automatically removed from the account. The client will be responsible to add cash or to liquidate sufficient positions in an account to provide the cash balance sufficient to cover this fee.
2. Requires a funded Futures-enabled account. In order to receive market data for futures, all users must complete the Uniform Subscriber Agreement during the online futures account application or available at this link. This completed document can be faxed (310-388-3115) or emailed to newaccounts@mbtrading.com.
3. All data feeds will be automatically disabled once an account value (including cash and positions) has fallen below $100. Data feeds may be reactivated with additional funding and by emailing support@mbtrading.com.
Good Trading,
MB Trading
I have an email account number I use for correspondence only with MBT. I have checked this account and found no such email in the in-basket, spam folder, or trash folder. I do not think MBT sent this email to me.
Market data fee subscription agreements are contract agreements. If a broker changes a market data fee, the broker needs to cancel the existing contract agreement and have the client sign a new contract agreement with the data fee changes. Broker changes to an existing signed market data fee contract agreement is no longer a binding contract agreement.
Thanks DTrade88. I have all my email setup to go to two different accounts automatically (domain forward), my ISP email and Gmail. A copy of that email does not exist in either location for me so I doubt I received it.
Regardless, it is not clear to me from that email that COMEX full size went from FREE to $61, just that the fee changed from something to $61 on that day.
Interestingly I was charged the first time on 11/16/2011 which is a couple weeks before that email was sent.
Also I was not charged a fee for November so they are clearly screwed up. [/QUOTE
I have 2 accounts with MB and another account of a friend that I trade and all 3 accounts received an email.
As far as charges hitting your accounts it may be related to the conversion that Penson was doing late last year -- not sure but a possibility.
Update: After about 15min on hold, was told by an MBT rep that as of yesterday (2/28/12) current NYMEX and COMEX data subscribers had their NYMEX and COMEX data subscriptions terminated (due to confusion surrounding the new pricing) and had to call in to have NYMEX / COMEX subscriptions added back to their account. No e-mail was sent by MBT giving clients a heads-up...
Update: After about 15min on hold, was told by an MBT rep that as of yesterday (2/28/12) current NYMEX and COMEX data subscribers had their NYMEX and COMEX data subscriptions terminated (due to confusion surrounding the new pricing) and had to call in to have NYMEX / COMEX subscriptions added back to their account. No e-mail was sent by MBT giving clients a heads-up...
This is what MBT should have done at the same time they first implemented each of the pricing changes.
