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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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From: TFF	5/31/2006 7:46:29 PM
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CBOT increases clearing fees Increases designed to raise average rate per contract by 5%-8% (Reuters) — The Chicago Board of Trade said on Wednesday that it was raising clearing fees and off-exchange transaction fees to reflect technology upgrades, the first such move in over 10 years. The fee increases at the No. 2 U.S. futures exchange, to take effect July 1, will boost its average rate per contract in the 2006 third and fourth quarter by 5 percent to 8 percent. The increased fees, to apply to both members and non-members of the exchange, will take effect on July 1, the CBOT said in a statement. The CBOT's clearing fee will rise to 6 cents, compared with a current 5 cents. The exchange's stock was hit earlier this month by concern about lackluster April trading volume growth ahead of a seasonally slower summer season.

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