Stock indicies are not like the FX. Where any exchange can list EUR/USD if they want to. They are trade marked/copyright etc. So CME pay licence fees to S&P and Russell to exclusively list and host the ES and RTY. In theory any exchanges can make up their own stock indices. But these would never get enough volume/liquidity to make them viable. Even futures on some more well known indices like the Nasdaq composite index futures and Russell 1000 futures were never able to attract much volume.
Terrence Duffy´s "total compensation" was reported $23M until Dec 2022. Don´t know, though, what the golf player earned in 2023.
I dont want to jinx things. But at least the CME has never (as yet) gouged retail trader on data fees like ICE. $36 a year for level 1, which is virtually free compared to the ICE scum who charge $1500 a year. My guess is CME figure they make more money from those fat retail trading fees if they keep the data affordable. Although if they run out of ideas for making more money they might end up gouging data fees for retail as well. Paying $1500 for one exchange might be just about ok but paying that much for multiple exchanges wont be good.
How much does your broker charge? These are AMP's fees, which i think are just the standard CME fees: https://www.ampfutures.com/trading-info/exchange-data-fees
CME might not be as scum like ICE, but pretty close. At least, ICE doesn't hike their fees on an annual basis. Also CME recently RAISED THE LEVEL 1 FEE from $3 to $10 (that's more than 3 fold *THIEVES*).
I posted on their linkedin page, it got deleted lol "Great job increasing the fees again, you greedy bastards" I thought it was mild...
Do you have a link?, this PDF for Jan 24, says its $1.50 they charge for Level 1. Maybe your broker/data-provider is marking it up more, because it looks like AMP/CGQ/Rithmic/TT etc are marking it up to $3 for their customers. Which I guess is the cost of redistributing the data. https://www.cmegroup.com/market-data/files/january-2024-ila-market-data-fee-lists.pdf
if you have the depth of market, you don’t need level 1. anyway data is reasonable, fees are not. will see if micro is 62 cents per side, i read it somewhere.
Oh, I now understand. I think with retail brokers nowadays such standard level-1 data is free for non-professionals; one just needs to sign an agreement or so for each marketplace.