Contributor: Past Author - Richard Hulit
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.
In our upcoming Professional Services Perspectives Webinar, my colleague Mark Connelly, who runs our Professional Services fee and commission review practice area, will talk through these questions and challenges and cover how to avoid overpaying on fees and commissions.
• Do you know whether you are up to date with the latest fee schedules and rates?
• Do you have a fee review procedure?
• Do you manage fees on an enterprise-wide basis?
• Do you always send in your rebate requests before the time window closes?
Many of the challenges FCMs face when it comes to managing fees can be overcome with the right internal policies, processes and procedures to prevent miscalculations and miscommunication, as well as detect errors and ensure that fee rate updates are reflected in existing accounts.
WEBINAR: Are You Paying Too Much in Exchange and Clearing Fees?
DATE: Thursday, July 29, 2010
TIME: 11:00 a.m. ET/ 4:00 p.m. BST
I look forward to you joining us on Thursday, July 29 for this discussion of how you can more efficiently manage fees. Register by using the link above, and as always, feel free to leave a comment for me and my team below.