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Direct MessagesDate/Time: Sun, 05 May 2024 19:40:04 +0000
Post From: Announcement: New Sierra Chart Real-Time Futures Data Feed (CME, CBOT, NYMEX, COMEX data)
| [2013-12-05 01:32:57] |
| Rusty - Posts: 38 |
|
In regards to the CME exchange fees, we know that if you subscribe to the Sierra Chart Real-time CME Futures data feed after March 1, 2014 there will be a 3 USD/Month exchange fee. And we can see there is an additional fee for market depth.
What about the Market Data Non-display Policy? The same document establishes Category A, "Automated Trading systems (ATS) - systems that use CME Group information to trade via automated systems, either for purposes of routing orders to CME Group or to other exchanges." The fee is $670/month for just the CME, $2010/month for the CME, CBOT, and NYMEX. Does this fee apply to SC subscribers who do automated trading from an Advanced Custom Study?Whether or not this fee applies lies in the interpretation of CME language in the lead paragraph: "...will apply to anyone accessing, processing or consuming CME Group market data for a purpose other than in support of its display or distribution." SC itself is certainly only accessing the data for the purpose of distribution. But SC subscribers seemingly would be accessing the data for "a purpose other than in support of display or distribution", even though they may also display the data. If applicable, SC subscribers would not be able to receive the CME data from SC until they entered into an agreement directly with the CME, effective March 1, 2014. This would put a damper on automated trading for small accounts. Reference: http://www.cmegroup.com/market-data/distributor/files/market-data-policy-changes-2014.pdf |