Challenger data provider, Exchange Data International (EDI), has written to the 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 Group's (CME) 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. If the CME is allowed to proceed with its actions, the practical impact will be devasting for redistributors of the data, especially the small and mid-sized vendors.
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