CEC Hikes Fees; NYMEX And COMEX To Get Bigger Share Of Ticker Revenue
THIS WEEK'S LEAD STORIES
The New York Mercantile Exchange and the Commodity Exchange have succeeded in winning bigger shares of the revenue generated by the ticker system they co-own with the other New York commodity exchanges (IMD, June 11) and users will foot the bill. Ticker fees charged to market data users will be increased almost 60 percent to accommodate the terms of the deal.
Under the new revenue distribution agreement, the NYMEX and COMEX will each receive about $12.5 million over the next year, according to
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