CME Group - fees outrageous

ES or NQ. So commission should be around $0.50 R/T ?
Wait .... aren't prop firm reg fees $0.50 per side ? How can you get under a buck ?

 

.05 to fcm a side.

.43 to exchange a side.

Less than 1.00 round turn.

 

Sorry Minmike , I don't believe you- stated reg fees are $0.47 for exchange members and $0.50 for prop firms..commercial accounts. 0.43 may have been in the past...but not now.

 

Don't believe me. Prop firms fall under 106.j.

 

Ah, I see....$0.36 then. I was under the impression the prop firms fell into the 106.R category.

 

So prop firms must charge $0.14 in commish in order to get down to $1.00 R/T.
I find it hard to believe they would go that low....unless you are doing 500+ R/T's per day.

 

Not hard to do at all. I used to trade a few hundred thousand Eurex R/T’s per month prop. Especially if you are spread trading intraday.

 

So now the question is : How do the foreign exchanges compare fee-wise to the CME ?
I am thinking Eurex, Hang Seng, Nikkei, etc.

 

Eurex and Liffe (Euronext) are actually just slightly more expensive to trade, as they don’t have the various “Seat” structures which are legacy artifacts left over from the CME/CBOT/Comex/NYBT/CME/LME ownership structure.

 

Ah...then that helps Terry Duffy to justify the current fee structure. I see the Shanghai exchange is way behind and only offers options on the ETF50. No futures in sight there....Chicago fully in control here.