A few months ago on this blog, I asked FCMs the following question: do you know if, where, and how much you are overpaying in brokerage and exchange fees? For many, this question is a difficult one to answer. Futures commission merchants are facing multiple challenges around exchange fees, clearing fees, and brokerage claims, including increasingly complex fee schedules, frequent modifications of fee rates and levels, and shorter deadlines for claiming rebates.
Posts Tagged: brokerage claims
If you submit a Web search for “are you paying too much?” you will find more than 41 million results, which would suggest that people and businesses may be overpaying for a wide variety of things. From life insurance to Google AdWords, property taxes to text messages, the search results run the gamut.
Now think about this in the context of your business. For Futures Commission Merchants in particular, do you know if, where, and how much you are overpaying in brokerage and exchange fees?