Transcript Of The MERC's Proposal For Restructuring Globex Proposed Consortium Agreement
PROPRIETARY EXECUTION
The following outline of the REUTERS Agreement and the relationship among the coalition members is intended to achieve the foregoing goals.
1. Fees: a. Globex Fees: None to coalition members, except consulting fees if CME services are used. b. Reuters Fees: i. Transaction Fees: Fixed at current level for term of Agreement -- no escalation. Volume discounts apply and will be passed on to System users. ii. Terminal Fees: Fixed at current level for term of Agreement.
2. Expenses: a. Pro rata sharing
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