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Good points John. However, many users of lower end data feeds have been
known to look at the live charting web page at quote.com when their own
feeds are down. This service will not remain available under the new plan.
The CME's biggest mistake, however, is the increase in fees from $10/mo to
$60/mo for non-professional, real-time data. The whole idea of the $10 fee
was to get the stock trading day traders to add the feed and, potentially,
trade the mini s&p and nasdaq. The discounters will tell you that this
strategy has been a success.
I have watched the merc and the board shoot themselves in the foot so many
times over the years. Let's see what the CBOT does to match this blunder.
Perhaps they could raise fees for a/c/e bonds and notes traded during the
regular trading session!
Sean
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