CME Direct Market Data Fees Policy Details and FAQ

CME Group has finalized the policy and pricing for market data on CME Direct. Fees will be charged per standard market data policy, on a per Device, per Exchange, per month basis. 

Why is CME Group charging for real-time market data on CME Direct?

CME Group has added new features and rich functionality into our CME Direct front-end trading platform, which allows access to CME Group futures, options and block markets all on one screen. Our primary goal with CME Direct is to facilitate trading on CME Group markets. We are establishing data fees for users who are leveraging the platform for data access only and not actively trading.

If I only use CME Direct for CME ClearPort deal entry, will I be charged for market data?

CME Direct can be used for deal entry to CME ClearPort without market data being permissioned. Market permission sets under the over-the-counter (OTC) venues are not billable.

Will I be charged market data fees if I am permissioned for market data in CME Direct but do not log in for a full calendar month?

Yes, if you are an enabled CME Direct user and permissioned for market data at any point during the month, you will be charged.

If I am already paying for market data on another platform, do I still have to pay for market data on CME Direct?

Yes, unless your company is enrolled in another CME Group market data program.

What is the standard monthly fee for market data?

Fees will be charged on a per Device basis for each Exchange permissioned.

  • $105 per month for CME
  • $105 per month for CBOT
  • $105 per month for COMEX
  • $105 per month for NYMEX
  • $79 per month for DME*

*Fee schedule above is effective January 1, 2019. For current information regarding fees, visit our Real-Time Professional Fees page.

What is meant by “Device”?

CME Group defines Device as any display unit (fixed or portable), piece of software or method, which may access, receive, process or display the Information, whether in whole or part, through the Service. CME reserves the sole right to determine what constitutes a Device.

Will CME Group bill customer firms directly?

Yes, CME Group will bill customer firms directly for real-time market data access on CME Direct.

Can my clearing firm deduct my data fees directly from my trading account?

No, firms will be invoiced by CME Group and are required to pay CME Group directly.

Where can I find a list of all users on CME Direct for my company?

Firm Administrators can see all entitled users for their firm in the User Admin view section of CME Direct. This list includes enabled and disabled users.

How does my firm adjust market data permissions for the exchange data we do not use?

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.

Learn how to manage your users in CME Direct

When will the first CME Direct Market Data invoice be delivered?

The first invoice will be issued in February 2019 for January market data usage. February invoices will be delivered the first week of March 2019.

What is the first step in the licensing process?

CME Group recommends entities that have registered for CME Direct under multiple entity names to submit a Company Mapping form as soon as possible. The form provides the opportunity to group multiple entity names and affiliates together under one Master License streamlining the paperwork and billing.

An affiliate is defined as an entity that controls, is controlled by or is under common control with a party. Control means the ownership or control, directly or indirectly, of at least 50% or more of all of the voting shares (or other securities or rights) entitled to vote for the election of directors or other governing authority.

Licensing and Company Mapping Form

Why do I want to map my CME Direct companies?

Grouping associated entities will prevent multiple user IDs across companies from getting charged multiple times.

Your company will need to determine the Master Licensed Entity, which is the entity who will hold a licensing agreement with CME Group and any companies, including affiliates, who will be a party to this License.

Are customers required to complete new agreements?

Yes, all firms will be required to complete an Information License Agreement (ILA) and related schedules to ensure continued market data access via CME Direct. New customers to the platform will be required to complete and submit registration forms in addition to the ILA.

Have the terms and conditions of the Exchange User License Agreement (EULA) changed?

Yes, the terms and conditions have been updated to align with the ILA policy as communicated in our recent user advisory notice. The EULA is posted on CME Group’s website and available for review.

Where can I find more information regarding the Information License Agreement and related schedules?

Contact Information

For general inquiries:

Market Technology Sales

For market data licensing:

Global Account Management

U.S.: +1 312 634 8395
Europe: +44 20 3379 3754
Asia: +65 6593 5505

For access and entitlements:
Enterprise Application & System Entitlements (EASE)

U.S.: +1 312 456 1560
Europe: +44 203 379 3802
Asia: +65 6593 5505