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Date/Time: Thu, 03 Jul 2025 10:50:17 +0000



Post From: MAP fees ($50) for Denali Exchange Data Feed

[2021-01-18 06:17:10]
User990275 - Posts: 27
Sierra Support,

My broker is advising that switching from CQG to Denali Exchange Data Feed will incur a $50 MAP fee via some FCMs(Dorman) but not others (Phillips Capital). I cannot find any reference to this in the support threads announcing changes for CQG users. Does this seem accurate and consistent with what you have heard?

Does the $50 MAP fee apply for Denali data as well as the Sierra Order Routing Service?

It seems that CQG users utilizing Dorman will need to switch to Philips Capital for the costs to not be prohibitive for historical data via Denali. Once I make the switch, it seems I may as well also switch to Sierra Order Routing?

Thanks,
Ajay