Discussion in 'Trading' started by Covert, Apr 12, 2007.
Can anyone explain why the NYBOT exchange fees for data are so high? ($94)
Simple -- they have a monopoly. If you want to trade their products you need to subscribe to their data. However, now that NYMEX is also listing softs (albeit with no volume) and they no longer have a total monopoly, and now that they're on ICE they are supposed to be lowering the fees (if I remember correctly it will be $55).
The short answer is that they're greedy bastards -- they want to rob you on market data fees AND on fills in the pit....
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