In addition, the CME wants to require redistributors to turn over details about their customers.
What effect will this have?
Higher market data costs for everyone, for a start.
Exchange Data International (EDI), is crying foul. EDI has written to the Commodity Futures Trading Commission (CFTC), the heads of the relevant Committees of the US House of Representatives, and the US Senate – which oversee the CFTC – requesting they investigate the CME’s plans to charge for what has always been a no-fee service. Legal advice taken by EDI views the CME’s new fee policies as illegal, anti-competitive, and extremely disruptive.
You can read more details here, then tell me what you think.
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