On Friday, June 6 the CME Group notified us about a new “netting” policy with regard to market data fees which will apply to IBs. The NIBA has been communicating its member concerns vigorously since last November when the CME announced its decision to discontinue the long-standing waiver of these fees. This new policy may bring relief for some NIBA members. It should be noted that the “netting” policy is only applicable to data that is routed from an FCM. It does not apply to any agreements or contracts, IBs may have with individual ISVs. Many GIBs have data provider…