CME raises fees for deeper view of market data
Update: 2:21 PM ET Sep 28, 2006
CHICAGO (MarketWatch) -- Subscribers receiving Chicago Mercantile Exchange market data will get a deeper view of bid and offering prices for its futures markets, but will pay higher fees for the service, the exchange announced Thursday.
Starting Jan. 1, 2007, the unit of Chicago Mercantile Exchange Holdings Inc. (CME) will make available to all data subscribers the top five price levels of bids and offers for CME markets, a service which until now has been an upgrade option from a view of only the best bid and offering price.
Fees for receiving the top five bids and offers for products traded on the Globex electronic platform and those traded in the pit will increase to $50 a month, from $40.
The cost for the Globex-only package also rises $10 a month to $35, while the fee for receiving only E-Mini market data increases to $25 a month, from $20.
In its news release, CME said the addition of new products next year will result in overall cost savings for customers who previously chose the upgrade option.
CME's objective is to "make sure that the depth of the market is available to everyone," said Rick Redding, CME's managing director of products and services.
The change affects about 146,000 market data customers who paid to receive only the top bid and offering price, according to a CME spokeswoman. |
