Exchanges raising fees

You may have noticed earlier this week my post regarding fees charged by CME Group. Today, they have announced, along with some of the other futures exchanges, that they are raising their fees higher as of January 1, 2008. As I said previously, the competition of new exchanges being created will be good for traders. Perhaps it will help to cap these fees, or, better yet, perhaps the competition will lead to real-time data being available free and without delay, as I believe it should be. This would bring more traders and greater liquidity into the futures markets -- now wouldn't that be a good idea!