Thank you for taking the time to respond with a lengthy explanation. But, just as an FYI, for a very long time many traders told me that they have to pay ICE fees while the FCMs I was clearing with did not implement such fees. I am not sure why this gap existed, however today they have caught up with everyone.
Who's dumb idea was that? Actually its not dumb, its probably very smart and very greedy. I guess the Eurex plan is to dump the big contract at some stage and force everyone onto the mini earning them 5x exchange commissions in the process. (Not to begin with, but after a while they will up the fee on the small contract) They should of just got rid of the big one (25x multiplier) and replaced it with a single x10 multiplier one. Now you have one contract that is too big and one that is too small. The mini one isn't doing much volume compared to the big one, adjusted for size its only doing about 4000 big contracts a day. But if they stop the big one it will do 400K volume a day at the smaller size, assuming not many traders decide to jump ship.
What they should have done was incentivize market making in FDAX. They instead hunt for fees with a mini contract that's too small.
Who needs the over priced ICE when you have SGX (Singapore) which gives you very cheap access & fills to liquid breakout markets such as China, India, Singapore, & Taiwan which still have most trades made by real people.
Depends on who you use, e.g. CQG it's listed as 7$, but eSignal you can get basically every US futures exchange delayed for 12$ or instead just about every single futures, stocks, and forex globally for 38$/month.
CME now has a page up, FTSE Russell Index Futures Remarkable Opportunity Starts with a Great Return The E-mini Russell 2000 returns to CME Group on July 10