A Letter from George Enloe of Amarillo Brokerage Company on CME Market Data Fee Increase

It was very disappointing to hear of the massive price increases for CME data feed. There are eight of us in our office and upon analysis we believe that if we keep our current 7 quote systems, 7 electronic order platforms and 3 spreaders the extra yearly cost will be $6500 per employee! There is no telling how much it will cost many of our customers (who will likely ask us for lower rates as a result) as well as RCG and other FCM?s (who will likely want to charge us more to recoup some of their costs). As with…

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