CME Group issues invoices and statements once a month with expected delivery on approximately the fourth or fifth business day. Your first invoice will be delivered the fourth or fifth business day of March 2019.
Payment is due 30 days from the Invoice Date.
For information regarding the latest market data fees, please visit the Market Data Policy Center
CME Group will invoice for the information you had access to on CME Direct, one month in arrears. Therefore, your first invoice will have an Accounting Date of February 2019 and will bill for charges assessed for January 2019 usage, as shown below.
Fees will apply based on whether Average Daily Volume (ADV) thresholds are met. For more information on the fee waiver qualifications, see questions below.
Users can qualify for a market data fee waiver by meeting a volume threshold on the CME Direct platform. The volume threshold is set to an average daily volume (ADV) of one per calendar quarter per exchange. The waiver applies only to the four CME Group exchanges, CME, CBOT, NYMEX and COMEX. Standard fees apply for Dubai Mercantile Exchange market data (DME).
Yes, ADV is calculated on each exchange independently and waivers are applied per exchange. Dubai Mercantile Exchange (DME) is not part of the waiver program and standard fees will apply regardless of volume.
Fees and waivers will be applied monthly based on the previous quarter’s usage evaluation. The first granted exchange(s) automatically qualifies for a waiver in the first calendar quarter it is enabled and the following two quarters. In the third quarter, after access to market data on the first exchange is permissioned, quarterly evaluation begins.
As shown below, during an evaluation quarter, trading activity is assessed on each exchange independently. Users who achieve an ADV greater than or equal to one qualify for the waiver. The qualification applies to the bill for each month in the next calendar quarter.
No, the newly added market data will qualify as waived for the balance of the quarter it is granted and then go into evaluation as referenced above.
For example, a user permissioned for CBOT market data in January will be charged for the first time in October based on their Q3 ADV.
Yes, unless your firm has requested a separate billing account for CME Direct charges, you may see both CME Direct and other market data charges on the same invoice. To request a separate billing account please, see the contact information listed below.
If you are an enabled CME Direct user and permissioned for market data at any point during the month, you will be charged for market data.
Taxes will be assessed on Arizona, Connecticut, Denver (CO), New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, and Washington.
Sales tax is charged based on the location listed on a user’s CME Group Login ID. If you need to update your location, you can do this by updating the address associated with your CME Group Login ID.
Information on the makeup of your invoice including user name, service month, address and fees can be located via your Invoice Addendum.
Visit the Data Services Platform and click on View Invoices, as shown below:
You may generate your Purchase Order based on number of users per exchange, but due to the nature of the variable amounts per invoice it may be difficult to determine the exact fees per month.
Firm Administrators can adjust market data permissions from the User Admin view in CME Direct. Additionally, users can be disabled from the User Admin view.
Chicago Mercantile Exchange Inc.
Attn: Accounts Receivable
P.O. Box 73672
Chicago, IL 60673-7672
JP Morgan Chase Bank
Account #: 887294601
A/C Name: Chicago Mercantile Exchange Inc.
Swift Code: CHASUS33
JP Morgan Chase Bank
ACH Routing: 071000013
A/C Name: Chicago Mercantile Exchange
Contact your Global Account Manager or email the following appropriate group:
Americas Market Data Team: firstname.lastname@example.org | +1 312 634 8395
EMEA Market Data Team: marketdataEMEA@cmegroup.com
APAC Market Data Team: marketdataAPAC@cmegroup.com