CBoT electronic agricultural fees to outstrip open outcry

Chicago Board of Trade (CBoT) will raise clearing fees by a cent per contract and dramatically increase exchange fees on electronically traded agriculture contracts, from the start of next month.

The most significant fee hikes were those scheduled for agriculture contracts traded on the E-CBoT electronic trading platform. Trading sources described the timing of these as "curious" since ags go side-by-side with floor trading on 1 August. Fees on floor executed ag contracts will remain unchanged and open outcry will be at a major...