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Bob
This sounds like a well thought out business model. Market share is
shrinking so what do they do ...raise the fees to their existing
customer base.
Regards
Randy Smith
Bob Carlin wrote:
> I imagine a number of people have received a reply to
> their letters to the CME concering fees for data.
>
> I got my "Dear Bob", and if my name were John, it
> would have been perfect.
>
> Anyway, it would appear that instead of trying to
> expand their market, the CME is only hoping to hold
> its head above water. FWIW, this what they say:
>
> Dear Bob,
>
> 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.
>
> etc, etc,
>
> Bob
>
> =====
> Bob Carlin
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