CME Europe Trading Fees

CME Europe trading fees are linked to trading volumes and are inclusive of execution on the order book and CME Clearing Europe clearing fees.

FX Trading Fees

Order Book Transactions

Non Members (Clearing Members' Customers) Members (Clearing and Non-Clearing Members)
$1.00 Flat Fee Per Contract ADV 0 - 20k ADV 20 - 35k ADV 35k Plus
$0.50 Flat Fee per Contract $0.25 Flat Fee per Contract $0.15 Flat Fee per Contract
Fees decrease as volume levels are met.  Volume discounts are applied on a monthly basis

Fees are based on membership and volumes traded and:

  • Are inclusive of execution on the order book and CME Clearing Europe clearing fees
  • Market data fees
  • All fees are invoiced in US Dollars

Other Fees:

  • GCC Administration fee is US$500
  • GCC trade entry fee is US$0.10 per lot

Notes

  • There is a fee waiver for FX blocks and EFRPs reported to CME Europe
  • CME Europe may also operate incentive schemes from time to time

Biofuels Trading Fees

Order Book and ClearPort Transactions

Product Transaction Fee on ClearPort Transaction Fee on Globex
European FAME 0 Biodiesel fob ARA (RED Compliant) (Argus) vs. European Low Sulphur Gasoil (ICE) Calendar Month Spread Future $1.10 $1.00
European RME Biodiesel fob ARA (RED Compliant) (Argus) vs. European Low Sulphur Gasoil (ICE) Calendar Month Spread Future $1.10 $1.00
European FAME 0 Biodiesel fob ARA (RED Compliant) (Argus) Calendar Month Future $1.10 $1.00
European RME Biodiesel fob ARA (RED Compliant) (Argus) Calendar Month Future $1.10 $1.00
European Ethanol T2 fob Rotterdam Inc Duty (Platts) Calendar Month Future €1.10 €1.00
European Low Sulphur Gasoil (ICE) Calendar Month Future $1.10 $1.00
Soybean Oil (CBOT) vs. European Low Sulphur Gasoil (ICE) Modified Calendar Month Future $1.10 $1.00

 

Cash Settlement Fee
Globex ClearPort
$0.10 $0.10
€0.10 €0.10

Biofuels Transaction Fees

  • Will be inclusive of CME Clearing Europe clearing fees
  • Will exclude market data fees
  • All fees will be invoiced in US Dollars, except for the European Ethanol T2 fob Rotterdam Inc Duty (Platts) Calendar Future, invoiced in Euros

Other Fees

  • GCC Administration fee is US$500*
  • GCC trade entry fee is US$0.10 per lot*

* All billed in US dollars regardless of the currency of the product

Transfer of Open Interest from CME Clearing Europe to CME Europe

CME Europe and CME Clearing Europe are willing to facilitate the transfer of positions from the existing OTC products listed on CME Clearing Europe (the “Relevant Swaps”) to the corresponding new CME Europe futures contracts.


Natural Gas Trading Fees

Physical Settlement
Code
Standard Fee/Lot1
Delivery Fee/Lot
Dutch Natural Gas Calendar Month Future2
TME
1.90 EUR -
Dutch TTF Natural Gas Daily Future TDE
0.07 EUR
0.04 EUR
Natural Gas Calendar Month Future2 NME
0.27 GBP -
UK Natural Gas Daily Future NDE
0.02 GBP 0.025 GBP
Italian Natural Gas Calendar Month Future MIT 1.90 EUR -
Italian Natural Gas Daily Future DIT 0.07 EUR 0.17 EUR
Cash Settlement
Code
Standard Fee/Lot1
Cash Settlement Fee
UK NBP Natural Gas (ICIS Heren) Calendar Month Future UKE
0.27 GBP
0.05 GBP
UK NBP Natural Gas (ICIS Heren) Daily Future UKD 0.02 GBP 0.025 GBP
Du TTF Natural Gas (ICIS Heren) Calendar Month Future DUE
1.90 EUR
0.40 EUR
Dutch TTF Natural Gas (ICIS Heren) Daily Future DNG 0.07 EUR 0.10 EUR
German Gaspool Natural Gas (ICIS Heren) Calendar Month Future GRE
1.90 EUR 0.40 EUR
German Gaspool Natural Gas (ICIS Heren) Daily Future GND 0.07 EUR 0.10 EUR
German NCG Natural Gas (ICIS Heren) Calendar Month Future GNE
1.90 EUR 0.40 EUR
German NCG Natural Gas (ICIS Heren) Daily Future GRD 0.07 EUR 0.10 EUR
Austrian VTP Natural Gas (ICIS Heren) Calendar Month Future ASE
1.90 EUR 0.40 EUR
Italian PSV Natural Gas (ICIS Heren) Calendar Month Future IPE 1.90 EUR 0.40 EUR
Italian PSV Natural Gas (ICIS Heren) vs. Dutch TTF Natural Gas (ICIS Heren) Calendar Month Spread Future DPE 1.90Eur 0.40Eur
German Gaspool Natural Gas (ICIS Heren) vs. Dutch Natural Gas (ICIS Heren) Spread Calendar Future GGE 1.90Eur 0.40Eur
UK Natural Gas (ICIS Heren) vs. Dutch Natural Gas (ICIS Heren) (Euro per MWh) Spread Future NVT 1.90Eur 0.40Eur
Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Future TUE 1.90Eur 0.40Eur
UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Future  NUE 0.27 GBP 0.05 GBP

Other Fees  

  • Cash Settled products: GCC Trade Entry Fees are waived
  • Physically Settled products: GCC Trade Entry Fees are waived
  • GCC Administration fee is US$500. All billed in US dollar regardless of the currency of the product
  • NME/NDE fee waiver from 30 September to 31 December 2016

1 Standard fees include all transaction, clearing and block charges.
2 Physical monthly contracts cascade into an equivalent amount of daily futures at D-3


Power Trading Fees

Cash Settlement Code Standard Fee/Lot

Cash Settlement Fee

German Power Baseload Calendar Month Future

GPB

5.00 EUR

0.00 EUR

German Power Peakload Calendar Month Future

GPP

2.00 EUR

0.00 EUR

French Power Baseload Calendar Month Future

FPB

5.00 EUR

0.00 EUR

French Power Peakload Calendar Month Future

FPP

2.00 EUR

0.00 EUR

Italian Power Baseload (GME) Calendar Month Future

IPB

5.00 EUR

0.00 EUR

Italian Power Peakload (GME) Calendar Month Future

IPP

2.00 EUR

0.00 EUR

Spanish Power Baseload (OMIE) Calendar Month Future

SBP

5.00 EUR

0.00 EUR

Spanish Power Peakload (GME) Calendar Month Future

SPP

2.00 EUR

0.00 EUR
German Power Baseload Weekly Future

GWB 0.00 EUR 0.00 EUR
German Power Peakload Weekly Future
GWP 0.00 EUR 0.00 EUR
French Power Baseload Weekly Future FWB 0.00 EUR

0.00 EUR 
French Power Peakload Weekly Future

FWP 0.00 EUR 0.00 EUR

Other Fees  

  • Cash Settled products: GCC Trade Entry Fees are waived
  • Physically Settled products: GCC Trade Entry Fees are waived
  • GCC Administration fee is US$500. All billed in US dollar regardless of the currency of the product
  • Fees for the monthly Power futures are waived from 1 October 2016 to 31 March 2017

Emissions Trading Fees

Physical Settlement

Code Standard Fee/Lot Delivery Fee Lot
European Union Allowance Future

EMA

0.00 EUR

0.00 EUR

European Union Allowance Daily Future

EDA

0.00 EUR

0.00 EUR

 

Other Fees  

  • Physically Settled products: GCC Trade Entry Fees are waived
  • GCC Administration fee is US$500. All billed in US dollar regardless of the currency of the product

Light Ends Products – 1,000 Metric Tonnes or Equivalent

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

European Naphtha Cargoes CIF NWE (Platts) Calendar Month Future (code ECC)

$8.00

$9.00

European Naphtha Cargoes CIF NWE (Platts) (1000mt) Crack Spread Future (code ENR)

$8.00

$9.00

 European Gasoline Eurobob Oxy Barges NWE (Argus) Calendar Month Future (code GEA)

$8.00

$9.00

 European Gasoline Eurobob Oxy Barges NWE (Argus) (1000mt) Crack Spread Future (code GED)

$8.00

$9.00

European Premium Unleaded Gasoline 10ppm FOB Med (Platts) Calendar Month Future (code PUN)

$8.00

$9.00

European Gasoline Eurobob Oxy Barges NWE (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code GEO)

$8.00

$9.00

Japan C&F Naphtha (Platts) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code EWA)

$8.00

$9.00

Japan C&F Naphtha (Platts) Calendar Month Future (code EJN)

$8.00

$9.00

Singapore Mogas 92 Unleaded (Platts) vs. European Gasoline Eurobob Oxy Barges NWE (Argus) Spread Future (code EWO)

$8.00

$9.00

 New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (350,000 gallons) Spread Future (code RBE)

$8.00

$9.00

European Naphtha Cargoes CIF NWE (Platts) BALMO Future (code ECB)

$8.00

$9.00

 European Naphtha Cargoes CIF NWE (Platts) (1000mt) Crack Spread BALMO Future (code END)

$8.00

$9.00

European Gasoline Eurobob Oxy Barges NWE (Argus) BALMO Future (code GER)

$8.00

$9.00

European Gasoline Eurobob Oxy Barges NWE (Argus) (1000mt) Crack Spread BALMO Future (code GEE)

$8.00

$9.00

European Premium Unleaded Gasoline 10ppm FOB Med (Platts) BALMO Future (code PUB)

$8.00

$9.00

European Gasoline Eurobob Oxy Barges NWE (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code GEP)

$8.00

$9.00

Japan C&F Naphtha (Platts) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code EWL)

$8.00

$9.00

Japan C&F Naphtha (Platts) BALMO Future (code EJB)

$8.00

$9.00

New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (350,000 gallons) Spread BALMO Future (code RBI)

$8.00

$9.00

Light Ends 1,000 Metric Tonnes or Equivalent Fee Schedule:

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$1.00

$1.00

Additional Fee/Surcharge:

Facilitation Desk                                 US $0.30


Light Ends – 100 Metric Tonnes

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

Mini European Naphtha Cargoes CIF NWE (Platts) Calendar Month Future (code MNA)

$0.90

$1.00

Mini European Naphtha Cargoes CIF NWE (Platts) (100mt) Crack Spread Future (code MNI)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) Calendar Month Future (code MGR)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) (100mt) Crack Spread Future (code MGI)

$0.90

$1.00

Mini European Premium Unleaded Gasoline 10ppm FOB Med (Platts) Calendar Month Future (code MUN)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code MGO)

$0.90

$1.00

 Mini Japan C&F Naphtha (Platts) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code MWA)

$0.90

$1.00

Mini Japan C&F Naphtha (Platts) Calendar Month Future (code MJA)

$0.90

$1.00

Mini New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (35,000 gallons) Spread Future (code MRE)

$0.90

$1.00

Mini European Naphtha Cargoes CIF NWE (Platts) (100mt) Crack Spread BALMO Future (code MNK)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) BALMO Future (code MGE)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) (100mt) Crack Spread BALMO Future (code MGL)

$0.90

$1.00

Mini European Premium Unleaded Gasoline 10ppm FOB Med (Platts) BALMO Future (code MUC)

$0.90

$1.00

Mini European Gasoline Eurobob Oxy Barges NWE (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code MGP)

$0.90

$1.00

Mini Japan C&F Naphtha (Platts) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code MWL)

$0.90

$1.00

Mini Japan C&F Naphtha (Platts) BALMO Future (code MJD)

$0.90

$1.00

Mini New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (35,000 gallons) Spread BALMO Future (code MBD)

$0.90

$1.00

Mini European Naphtha Cargoes CIF NWE (Platts) BALMO Future (code MND)

$0.90

$1.00

Light Ends – 100 Metric Tonnes Fee Schedule:

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$0.10

$0.10

Additional Fee/Surcharge:

Facilitation Desk                                 US $0.30


Light Ends 1,000 Barrels or Equivalent

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

European Naphtha Cargoes CIF NWE (Platts) (1000bbls) Crack Spread Future (code ENI)

$1.15

$1.25

European Gasoline Eurobob Oxy Barges NWE (Argus) (1000bbls) Crack Spread Future (code GEI)

$1.15

$1.25

Singapore Naphtha (Platts) Calendar Month Future (code SNA)

$1.15

$1.25

New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (1000bbls) Spread Future (code ERJ)

$1.15

$1.25

 New York RBOB Gasoline vs. Brent (1000bbls) Crack Spread Future (code RCS)

$1.15

$1.25

European Naphtha Cargoes CIF NWE (Platts) (1000bbls) Crack Spread BALMO Future (code ENL)

$1.15

$1.25

European Gasoline Eurobob Oxy Barges NWE (Argus) (1000bbls) Crack Spread BALMO Future (code GEL)

$1.15

$1.25

Singapore Naphtha (Platts) BALMO Future (code SNB)

$1.15

$1.25

New York RBOB Gasoline vs. European Gasoline Eurobob Oxy Barges NWE (Argus) (1000bbls) Spread BALMO Future (code ERS)

$1.15

$1.25

 New York RBOB Gasoline vs. Brent (1000bbls) Crack Spread BALMO Future (code RCB)

$1.15

$1.25

Light Ends 1,000 Barrels or Equivalent Fee Schedule

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$0.10

$0.10

 

Additional Fee/Surcharge:

Facilitation Desk                                 US$ .30

 


NGLs – 1,000 Metric Tonnes or Equivalent

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

European Propane CIF ARA (Argus) Calendar Month Future (code EPA)

$8.00

$9.00

 Middle East Propane (Saudi Aramco) (Argus) Calendar Month Future (code ESA)

$8.00

$9.00

Far East Propane (Argus) Calendar Month Future (code EPF)

$8.00

$9.00

Far East Propane (Argus) vs. European Propane CIF ARA (Argus) Spread Future (code EPE)

$8.00

$9.00

Mont Belvieu LDH Propane (OPIS) vs. European Propane CIF ARA (Argus) Spread Future (code E5E)

$8.00

$9.00

Mont Belvieu LDH Propane (OPIS) vs. Far East Propane (Argus) Spread Future (code E5I)

$8.00

$9.00

 European Propane CIF ARA (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code EAN)

$8.00

$9.00

European Propane CIF ARA (Argus) BALMO Future (code EPB)

$8.00

$9.00

 Far East Propane (Argus) BALMO Future (code PFB)

$8.00

$9.00

Far East Propane (Argus) vs. European Propane CIF ARA (Argus) Spread BALMO Future (code PBF)

$8.00

$9.00

 Mont Belvieu LDH Propane (OPIS) vs. European Propane CIF ARA (Argus) Spread BALMO Future (code E5F)

$8.00

$9.00

European Propane CIF ARA (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code EEP)

$8.00

$9.00

 European Propane CIF ARA (OPIS) Calendar Month Future (code EOP)

$8.00

$9.00

1,000 Metric Tonnes or Equivalent Fee Schedule:

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$1.00

$1.00

 

Additional Fee/Surcharge:

Facilitation Desk                                 US $0.30

 


NGLs – 100 Metric Tonnes

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

Mini European Propane CIF ARA (Argus) Calendar Month Future (code MEP)

$0.90

$1.00

Mini Middle East Propane (Saudi Aramco) (Argus) Calendar Month Future (code MSA)

$0.90

$1.00

Mini Far East Propane (Argus) Calendar Month Future (code MPF)

$0.90

$1.00

 Mini European Propane CIF ARA (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread Future (code EEC)

$0.90

$1.00

Mini Far East Butane (Argus) Calendar Month Future (code EBU)

$0.90

$1.00

 Mini European Butane CIF ARA (Argus) Calendar Month Future ( code MBU)

$0.90

$1.00

Mini Middle East Butane (Saudi Aramco) (Argus) Calendar Month Future (code MBA)

$0.90

$1.00

 Mini European Propane CIF ARA (Argus) BALMO Future (code MPO)

$0.90

$1.00

Mini Far East Propane (Argus) BALMO Future (code MAR)

$0.90

$1.00

Mini European Propane CIF ARA (Argus) vs. European Naphtha Cargoes CIF NWE (Platts) Spread BALMO Future (code EEB)

$0.90

$1.00

 

NGLs – 100 Metric Tonnes Fee Schedule:

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$0.10

$0.10

 

Additional Fee/Surcharge:

Facilitation Desk                                 US $0.30


NGLs – 42,000 Gallons

Product

Transaction Fee on CME Globex

Transaction Fee on CME ClearPort

Mont Belvieu LDH Propane (OPIS) Calendar Month Future (code EMB)

$1.25

$1.35

Mont Belvieu Normal Butane (OPIS) Calendar Month Future (code ENW)

$1.25

$1.35

Mont Belvieu Natural Gasoline (OPIS) Calendar Month Future (code EQE)

$1.25

$1.35

Mont Belvieu LDH Propane (OPIS) BALMO Future (code E8E)

$1.25

$1.35

NGLs – 42,000 Gallons Fee Schedule

All fees quoted are in USD.

Cash Settlement Fee

CME Globex

CME ClearPort

$0.10

$0.10

 

Additional Fee/Surcharge:

Facilitation Desk                                 US $0.30

 

Cocoa Trading Fees

Transaction Fees

Cocoa Future (CCP)

Membership Type

Transaction Fee –  Order Book (Trades/Block/EFR/EOO)

 

Globex

Clearport

Clearing Member

€0.60

€0.60

Non-Clearing member

€0.60

€0.60

Non-Member

€0.60

€0.60

Cocoa Options (CEY)

MEMBERSHIP TYPE TRANSACTION FEE – ORDER BOOK (TRADES/BLOCK/EFR/EOO)
  GLOBEX CLEARPORT
Clearing Member €0.60 €0.60
Non-Clearing member €0.60 €0.60
Non-Member €0.60 €0.60

Cash Settled Cocoa Future (CCC)

Membership Type

Transaction Fee –  Order Book (Trades/Block/EFR/EOO)

 

Globex

Clearport

Clearing Member

$1.00

$1.00

Non-Clearing member

$1.00

$1.00

Non-Member

$1.00

$1.00

Processing Fees

Type Rate
  Cocoa Options (CEY) Cocoa Future (CCP) Cocoa Cash Settled Future (CCC)
EFR/EFP Surcharge €0.60* €0.60* $1.00*
Block Surcharge €0.60* €0.60* $1.00*
GCC Trade Entry Fee €0.00 €0.00 $0.00
Give-Up Surcharge €0.00 €0.00 $0.00
Position Transfer Surcharge €0.00 €0.00 $0.00
Position Adjustment €0.00 €0.00 $0.00

*If the transaction is an EFR, EFP, or Block, the transaction fee of €0.60 plus the surcharge of €0.60 is levied for CCP and CCB or $1.00 plus the surcharge of $1.00 is levied for CCC

Exercise and Assignment Fees

TYPE RATE
Option Exericse €0.06
Option Assignment €0.06
Futures from Exercise €0.06
Futures from Assignment €0.06

Cash Settlement Fee

Cash Settled Cocoa Future (CCC)

Membership Type

SETTLEMENT FEE – Cash Settlement*

 

Globex

Clearport

Clearing Member $1.00 $1.00
Non-Clearing member $1.00 $1.00
Non-Member $1.00 $1.00

Upon execution, the trading fee is $1.00 per side and when financially settled, the cash settlement fee of $1.00 per side is the only fee levied.

Grading, Supervision and Delivery Processing Fees

Grading (per 2kg sample) full test €170.00*
Grading (per 2kg sample) cut test €120.00*
Grading Appeal (per 2kg sample) €240.00*
Supervision of Sampling (per tonne) Bulk €2.00*
Supervision of Sampling (per tonne) Bags €2.40*
Depository Lodgement €2.40*
Delivery Notice €2.40

* Fees charged outside of EFS by CMEEL

 


Fertilizer Trading Fees (FNE, FUE, FEY, FKE, FME, FCE, FLE, FTA)

Fee Schedule

Membership Type Transaction Fee –  Order Book (Trades/Spreads/Block/EFR/EOO)
GLOBEX CLEARPORT
Clearing Member $1.00 $1.25
Non-Clearing member $1.00 $1.25
Non-Member $1.00 $1.25    

 

Membership Type Cash Settlement Fee
Clearing Member $1.00
Non-Clearing member $1.00
Non-Member $1.00

 

Additional Fees/Surcharges
TYPE RATE
EFR/EFP $0.00
Block $0.00
Facilitation Desk Fee $0.00
Give-Up Surcharge $0.00
Position Transfer $0.00
Position Adjustment $0.00

CME Europe Market Data Fees

A fee holiday will be in place for CME Europe market data redistributors and end user until December 2015. Redistributors and end users must be properly licensed before accessing the data. For further information about how to become properly licensed, please contact the EMEA Market Data team.