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----- Original Message -----
From: "Marilee Radecki" <mradecki@xxxxxxx>
To: "'Carroll Slemaker'" <cslemaker1@xxxxxxxx>
Sent: Friday, February 23, 2001 11:33 AM
Subject: RE: Increase in Non-Professional Fees
> Dear Carroll,
>
> CME has revamped its market data product offerings for the retail market
> ("non-professionals") in an attempt to align with the majority of customer
> needs while meeting our financial objectives as a for-profit company. We
> recognize that some retail traders will see a large increase in market
data
> fees if the new product offerings do not meet their particular needs; in
> these cases, the fees will be slightly higher than they were in 1999 when
> CME did not offer a non-professional rate.
>
> Effective March 1st, CME will no longer offer a $10 real-time streaming
> quotes pricing category for all contracts. Instead, we will offer a $10
> one-minute snapshot pricing category for non-professionals which will
> include all contracts traded at CME, both in the pits and electronically.
>
> Also effective March 1st, CME will continue to offer the e-mini
NASDAQ-100,
> e-mini S&P 500, and Fortune e-50 streaming real-time for free. However,
> these products will be free to any subscriber for a 6-month period only;
> after that, the fee will be $10/month. These are the only contracts that
> will include the fee-waived feature.
>
> Not all distributors of CME data plan to support these new product
> offerings for non-professionals. We are working with our data
> distributors to ensure that these offerings are being clearly communicated
> to the marketplace and will be implemented in order to serve their
> customers.
>
> Please let us know if you have any other comments as we are compiling all
> customer feedback on these changes.
>
> Marilee A. Radecki
> Associate Director, Quote Data Service
> Chicago Mercantile Exchange, Inc.
> 30 S. Wacker Dr.
> Chicago, IL 60606
> Phone #: 312-930-8193
> Fax #: 312-930-3433
> Email address: mradecki@xxxxxxx
>
>
> -----Original Message-----
> From: Carroll Slemaker [SMTP:cslemaker1@xxxxxxxx]
> Sent: Friday, February 23, 2001 12:57 PM
> To: Radecki, Marilee
> Subject: Increase in Non-Professional Fees
>
> Dear Ms. Radecki:
>
> I was pleased when the CME reduced the monthly fee for nonprofessionals
> from
> $50 to $10 but am even more surprised and disappointed to learn of the
> increase to $60, the same as for professionals. I can only assume that
the
> intent is to eliminate many traders in the nonprofessional category. I
> hope
> that the CME would be willing to reconsider this move - I'm sure there are
> better ways to curb the careless activities of neophyte day traders, if
> that
> is your intent.
>
> Respectfully,
> Carroll Slemaker (NOT a day trader)
>
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