Another year, another CME rate increase...

Discussion in 'Trading' started by Overnight, Jan 30, 2024.

  1. Overnight

    Overnight

  2. Robert Morse

    Robert Morse Sponsor

    A year ago, ES was $1.28. Next week it will be $1.38. I'd say that is a BIG increase. An IOM seat is very inexpensive for those that do more than 2000 futures per month. Might be worth buying or leasing one. Lower GLOBEX fees and no NFA fee. You will pay Pro market data. https://www.cmegroup.com/company/membership/membership-and-lease-pricing.html

     
  3. Businessman

    Businessman

    CME are a very greedy monopoly, but the notional value of contracts like the ES has soared over the years. And the clearing firms and brokers have reduced fees or held them steady over the years as they not monopolies.

    I posted this on the other thread:

    Back in 2004 i was paying $5 round trip to trade $50,000 notional in ES (through IBKR)
    Back in 2019 i was paying $3.6 round trip to trade $125,000 notional in ES
    Now in 2024 (after this increase) i think i will be paying $4 dollars to trade $250,000 notional in ES.
     
    Last edited: Jan 30, 2024
    MarkBrown and rb7 like this.
  4. Buy CME stock