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-----Original Message-----
From: Bill Daniel <bogeybunky@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, February 24, 1999 02:21 PM
Subject: Re: EXCHANGE FEES
>Thanks to everyone for their responses regarding exchange fees, but I am
not
>sure what some of the responses relate to. Earl indicated in his post that
>he insisted on commissions being all inclusive. The fees that I am
referring
>to I think are charged by the real time data provider -- at least that
seems
>to be case when you see there ads and get their quotes for providing real
>time data. Is the fee a flat monthly fee that varies by exchange? Is it
>only imposed if you receive quotes from that particular exchange? Is it
the
>same whether you get 1 quote or 100 quotes?
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++=
Bill,
Then refer to Peters post quoted below. Add the exchange fee to whatever
the monthly fee is that you're data provider charges. For instance, if his
fees are $100 per month to send you price quotes and you want to trade the
spoos, then you need quotes from the CME exchange. So you'd add $55 and pay
a total of $155 per month. This now entitles you to receive real time
quotes on all the contracts traded on the CME for one month.
Also be aware that the charges are for the first of the month to the last
day of the month, so no matter when you sign up, you will be charged the
full $155 for that month. In other words, if you start you're service on
March 1st you will be charged $155 for the month of March. Should you tell
the provider you want to start immediately, say tomorrow Feb 25th, they'd
charge you the full $155 for the month of Feb. plus the same amount for
March, even though you only got a couple of days use out of it. Some
providers don't mention that "little" regulation. I got stuck that way
once.
Hope this helps,
Bill N.
Milwaukee, WI USA
>>Peter Iovanella wrote:
>>>
>>> Here are current exchange fees for futures, as far as I know:
>>>
>>> CME: $55
>>> CBOT: $60
>>> NYMEX: $55
>>> CEC: $88
>>> COMEX: $55
>>>
>>> Stock Exchanges are much less expensive (and much more sane) than
Futures
>>> exchanges, but I'll defer to someone else for the details since I ain't
>got
>>> 'em.
>>>
>>> Peter
>>>
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