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Surely you must be joking about raising fees on individual exchanges in
order to offer a discount. Futures exchange fees are outrageously high,
especially considering the fact that the exchange and its members benefit
greatly by increasing the number of off-floor traders. The exchanges have to
capture the T&S data anyway, so I doubt very much that the real-time
exchange fees charged have any relation to incremental cost. If they want to
take a clue, they need to take a clue from the _much_ lower real-time fees
charged by the stock exchanges which has encouraged off-floor electronic
trading. Looking at the body of evidence, the CFTC is doing nothing to
protect/encourage off-floor traders: unreliable electronic systems, high
exchange fees, and inadequate supervision of off-floor trades executed in
the pit trades including x'd trades.
Earl
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, April 12, 1999 8:47 AM
Subject: Fut: Exchange fees cheaper by the dozen?
>RT's,
>
>You would think that the commodity exchanges would take a clue from
business
>and get together to offer a package deal to traders that want more then one
>or 2 exchanges. Yes the price for those that use only one or two may have
to
>be increased a small percent to off set the cost but that's how most
>business is done in this world and the net effect is usually more business
>and more money for all in the end.
>
>Brent
>
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