• New 2014 CME Group Transaction Fee Changes

      • To
      • Members, Member Firms and Market Users
      • From
      • CME Group
      • #
      • SER-6913
      • Notice Date
      • 12 November 2013
      • Effective Date
      • 12 November 2013
    • Today we are announcing a series of transaction fee schedule changes which will become effective January 1, 2014, pending all relevant CFTC regulatory approvals and review periods.
       
      ·      Fee changes in interest rate products are as follows:
      –    The non-member treasury futures exchange fee for CME Globex trades and non-member treasury options exchange fees for open outcry trades increase from $0.50 to $0.54. 
      –    Addition of a progressive tier to the open outcry and CME Globex fees for each of treasury futures and treasury options for members where fees for the first 12,000 in average daily volume will be increased by $0.01 to $0.06, and will revert to $0.05 for any volume above 12,000 average daily volume.
       
      ·      Fee changes in equity products are as follows:
      –    Clearing fees for equity standard futures products will increase by $0.025 across all member categories; and non-member fees will increase $0.05.
      –    In addition, equity standard options clearing fees for non-members will increase $0.01. 
      –    Futures clearing fees for E-mini, E-micro and IBovespa contracts will increase by $0.01 for non-members.
      –    CME Globex fees for E-mini futures and options for members and certain non-member categories will increase by $0.005. E-mini tier calculations have been adjusted to allow for aggregation across clearing firms consistent with other CME financial products, and spreads will be included in the E-mini options tiers. Thresholds and discounts have been adjusted to account for those benefits. E-mini Dow product will continue to be excluded from the tiers.
       
      ·      Fee changes in foreign exchange (FX) products are as follows:
      –    Tier thresholds will be adjusted to reflect current liquidity levels, discounts and CME Globex fees remain unchanged.
      –    FX options non-member CME Globex fee discount off of the $1.00 base rate will be extended at $0.40 rather than $0.50 resulting in a $0.60 CME Globex fee.
       
      ·      Fee changes in agricultural products are as follows:
      –    Increase rates for non-members across CME and CBOT. Rates vary by product/exchange; for details please see schedule posted on the website.
       
      ·      Fee changes in energy products are as follows:
      –    The day rate for core energy products will be increased from $0.45 to $0.55. The overnight rate will remain unchanged at $0.70.
      –    Firm-to-firm give up ($0.05) and transfer fee and position adjustment ($0.10) surcharges will be charged for NYMEX and COMEX products in line with existing service fees in place at CME and CBOT.
       
      ·       Fee changes in metals products are as follows:
      –    The day rate for metals products will be increased from $0.45 to $0.55. The overnight rate will remain unchanged at $0.70.
      –    The day rate for E-mini Silver futures will be increased from $0.09 to $0.11.
      –    Block surcharge for non-ferrous metals contracts will be increased from $0.10 to $0.25.
      –    Firm-to-firm give up ($0.05) and transfer fee and position adjustment ($0.10) surcharges will be charged for NYMEX and COMEX products in line with existing service fees in place at CME and CBOT.
       
      ·      CME exercise and assignment policy will be adjusted such that the futures leg will be assessed the same processing fee as the options leg consistent with current practice at all other CME Group exchanges. Therefore, the Future from Exercise or Assignment at CME will now incur the flat $0.05 E/A Surcharge, as well as the clearing fee rate based upon product and membership status of the associated account owner to which the exercise or assignment is allocated.
       
       
      In addition, today we are announcing changes to our market data licensing policy including discontinuing the trading waiver. Additional details on the market data announcement are available under market data on cmegroup.com here.
       
       
      Please refer questions on this subject to:
       
      For media inquiries:                             news@cmegroup.com  +1 312-930-3434
      For customer fee inquiries:                   EFSAdmin@cmegroup.com   +1 312-648-5470
      For customer market data inquiries:      Americas: marketdata@cmegroup.com +1 312-634-8395
                                                                Europe or Asia: marketdataemea@cmegroup.com +44 (0) 203-379-3856  

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2024 CME Group Inc. All rights reserved.