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Not quite joking; a 5 buck increase on one or two exchanges wouldn't even
make most serious/professional traders blink. But after you add up all the
exchanges together it gives even these guys a stomach ache. I agree about
fees for stock exchanges, like Steve said they aren't likely to budge
because of the cash cow aspect, even if it would be smart.
Brent
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, April 12, 1999 9:20 AM
Subject: Re: Exchange fees cheaper by the dozen?
>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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