Beyond the everyday challenge of trading futures and derivatives in volatile markets, CME customers have long had to grapple with another complex issue: figuring out what they owe. To simplify tallying up fees from the CME Group’s complex fee structure, CME is working with Duco Technologies to develop an online tool that allows users to search by product name across all CME Group exchanges, including NYMEX and COMEX. The tool is limited to fees for companies that are not members of the exchange. A user can enter a product name or symbol and the tool displays an estimated fee per side. It also gives users the option of checking fees for different modes of trading: for example, through Globex as a trade or a spread, through the floor as a trade or a spread, or as a block trade or an exchange-for-risk trade.
