In addition, CME will begin working with its largest market data users to sell exchange data directly and on a discounted basis to those customers through enterprise licensing arrangements, effective with the new pricing structure in 2004.
"By changing to a flat fee structure, we are reducing complexity and simplifying administration for our end users and the quote vendor community," said Glen Madeja, Director, Information Products Management.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® around-the-clock electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in the first quarter of 2003 and managed $28.5 billion in collateral deposits at March 31, 2003. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME).
