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CME To Lower Cost Of Market Quotes To Retail Investors
http://www.marketcenter.com/press/index.cgi?release=9021
ZEBRA zays: wasnt about time, eyh ?
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CME To Lower Cost Of Market Quotes To Retail Investors
October 21, 1999—The Chicago Mercantile
Exchange (CME) will begin offering real-time
quotations on its market data to individual
investors at dramatically lower rates.
Under the program, a new class of
“non-professional investors” will be able to
subscribe to all CME price and volume data
in each of the four product areas for a
monthly fee of $10. The new program,
recently approved by the CME Board of
Directors, will become effective January 3,
2000.
The CME is the first futures exchange to
establish the new non-professional market
data pricing structure due to growing
demand for the services among individual
investors. The program will make it easier
for individual investors to participate in the
futures markets. Similar programs have
been established in the equities markets.
“By making price and trading volume
information more widely available to
individual investors, we will further enhance
the price transparency of our markets,” said
Buck Haworth, a member of the CME Board
and Chairman of its Market Data Services
Committee. “This will ultimately benefit all
market participants.”
Haworth noted that there has been growing
demand from retail investors for market
information on CME products, especially in
its new fast-growing “E-mini” stock market
indexes – the E-mini S&P 500 and the
E-mini Nasdaq 100. CME market quotes are
available to the business community and the
general public through over 120 business
information and Internet service providers,
listed on the CME’s Web site at
www.cme.com. Persons interested in
obtaining further information about the
program can contact the CME via e-mail at:
ticker@xxxxxxxx
The CME will also be reducing fees
associated with obtaining market data
through delayed price quote services and
pagers.
“We will continue to review our market data
policies to make certain that they are best
meeting the needs of a rapidly evolving
financial marketplace,” Haworth said.
Earlier this year, the CME took steps to
broaden distribution and increase ease of
access of its market data. Currently, the
CME offers for free to the public real-time
quotes on selected products and snapshots
of price quotes updated every 10 minutes
through its Web site.
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