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CME reminds me of my brother. If my brother paid a price for something then
when he was ready to sell it he would say "I paid X for this so I want at
least that much". CME says we need this much. What kind of statement is
that? Forget what the market will bear its just to stupid to think about. I
believe the CME would make more money dropping the fee completely
and instead adding a small ticket charge. CME had the same sort of
reasoning regarding ET verses Open Pit trading. They remind me of Omega
Research they do not care what the customer has to say. But they encourage
you to express your valued opinion NOT and thank for doing so. haha
Robert
At 04:24 PM 3/23/01 -0500, Randy wrote:
>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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