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AMP Futures / AMP Global Review
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AMP Futures / AMP Global Review

  #91 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NT/SC
Broker/Data: AMP/TTnet/CQG/SC/Rithmic
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this is what they told me last week:


you can only have one feed per live account, but multiple account connections with that feed. for a second feed you need a funded second account or sub account.

you can get multiple cqg connections connecting at the same time. additional cost per connection 10 usd per month. (for example cqg/ninjatrader and cqg webtrader or cqg/sierrachart)

additional acct. connection fees only for cqg. rithmic allow you to connect on multiple platforms without extra fee.

ttnet only allows one acct. connection per acct. for an additional tt platform you need a second or sub account.




the really interesting question here is, how do they calculate risk, if you have a sub account with a second feed as backup. will they automatically flatten the side thats running a loss after the critical loss percentage is reached, or do they factor in that your overall position is neutral or positive?


Last edited by ranger64; January 11th, 2014 at 07:05 PM.
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  #92 (permalink)
Elite Member
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Tasker_182 View Post
So it was rightly recommended to bring the discussion of rate quotes to this thread. Here again is the rate calculator from Amps website:

AMP Cost Calculator

Now, you have to go through it carefully, making sure you observe the changes when you make selections.

For your understanding, I filled this out as I have it configured for me (CQG, Ninja Direct (free), Static SuperDom) and the prices are what they are listed. (See attached PDF) In my case I trade the TF and it is $4.22 R/T.
Hope this helps.

Be careful with that cost calculator for Rithmic at AMP. The calculator is not including the 0.25 cent/side Rithmic data fee. So for Rithmic you will need to add in 0.25 cent to the quote generated by the calculator. The data fee for CQG is 0.10 cent/side, so using CQG you save 30 cents per RT over Rithmic with Amp.

For comparison:

AMP using Rithimic / Ninja Direct for ES, NQ, TF = 1.91 / side + 0.25 / side (data fee) = 4.32 / RT

AMP using Rithimic / Ninja Direct for ES, NQ, TF, YM = 1.91 / side (routing fee waived) = $ 3.84 / RT <--- corrected per subsequent clarification in postings below.

AMP using CQG / Ninja Direct for ES, NQ, TF, YM = 1.91 / side + 0.10 / side (routing fee) = $ 4.04 / RT


Last edited by trendwaves; January 12th, 2014 at 10:58 AM. Reason: Was given wrong info from AMP Broker, corrected the Rithmic rate per clarification posted below.
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  #93 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Advanced
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Favorite Futures: YM
 
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trendwaves View Post
Be careful with that cost calculator for Rithmic at AMP. The calculator is not including the 0.25 cent/side Rithmic data fee. So for Rithmic you will need to add in 0.25 cent to the quote generated by the calculator. The data fee for CQG is 0.10 cent/side, so using CQG you save 30 cents per RT over Rithmic with Amp.

For comparison:

AMP using Rithimic / Ninja Direct for ES, NQ, TF = 1.91 / side + 0.25 / side (data fee) = 4.32 / RT

AMP using CQG / Ninja Direct for ES, NQ, TF = 1.91 / side + 0.10 / side (routing fee) = 4.02 / RT



the way i read it the 25 cents are included. fee for volume-tiered account < 1000 comtracts: 1.66 + 0.25 rithmic fee = 1.91 (for ym)


Last edited by ranger64; January 11th, 2014 at 10:04 PM.
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  #94 (permalink)
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steve2222 View Post
Has anyone else noticed that there is no mention (URL link) of this calculator on either AMPFutures or AMPClearing web sites.

Unless I am blind.

The only pages about Commissions ask you to fill out a form to get a quote!

I was about to post the same observation.
And they didn't give me this link when I inquired about commissions by email.


trendwaves View Post
Be careful with that cost calculator for Rithmic at AMP. The calculator is not including the 0.25 cent/side Rithmic data fee. So for Rithmic you will need to add in 0.25 cent to the quote generated by the calculator. The data fee for CQG is 0.10 cent/side, so using CQG you save 30 cents per RT over Rithmic with Amp.

For comparison:

AMP using Rithimic / Ninja Direct for ES, NQ, TF = 1.91 / side + 0.25 / side (data fee) = 4.32 / RT

AMP using CQG / Ninja Direct for ES, NQ, TF = 1.91 / side + 0.10 / side (routing fee) = 4.02 / RT

This is what I was quoted for ES by email:
NT CQG: $3.84 + $0.20 CQG TRF = $4.04 r/t
NT Rithmic: $3.34 + $0.50 Rithmic TRF = $3.84 r/t
NT TT: $3.54 r/t
Static DOM is included on TT and cannot be excluded. For CQG and Rithmic static DOM is extra $0.20 r/t.

This is consistently 2 cents more per r/t than what the calc says (for volume tiered <1,000 Contracts), but looks like it does account for Rithmic routing fee.

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  #95 (permalink)
Just a boy
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Bogan View Post
I was about to post the same observation.
And they didn't give me this link when I inquired about commissions by email.


This is what I was quoted for ES by email:
NT CQG: $3.84 + $0.20 CQG TRF = $4.04 r/t
NT Rithmic: $3.34 + $0.50 Rithmic TRF = $3.84 r/t
NT TT: $3.54 r/t
Static DOM is included on TT and cannot be excluded. For CQG and Rithmic static DOM is extra $0.20 r/t.

This is consistently 2 cents more per r/t than what the calc says (for volume tiered <1,000 Contracts), but looks like it does account for Rithmic routing fee.

@tderrick

Now that you are a wizard again, and trade with AMP, you would be able to confirm this given there seems to be some confusion between the AMP calculator and what traders are actually being charged.

If you take your own situation trading NQ are you being charged all up fees consistent with what the AMP calculator would suggest you should be?

Your wise words and confirmation might help settle concerns for those looking to move to AMP.

Cheers.

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  #96 (permalink)
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steve2222 View Post
@tderrick

Now that you are a wizard again, and trade with AMP, you would be able to confirm this given there seems to be some confusion between the AMP calculator and what traders are actually being charged.

If you take your own situation trading NQ are you being charged all up fees consistent with what the AMP calculator would suggest you should be?

Your wise words and confirmation might help settle concerns for those looking to move to AMP.

Cheers.

You guys are trying to find absolutes in these rates. They have a form you can fill out when you set
up an account that will let you negotiate your own. As long as they are in line, they will go with you.

I simply said I wanted the high volume rate and it was given. All these numbers being tossed around are
giving me a headache.

These are probably new figures that have popped up after I was signed up, as I've been with them
for years.

Have you tried calling anyone down there?

PM me if you want a get to someone on the inside.

Wheel and deal, baby... Think like a wolf in wall street


AJ
Nashville, Tennessee


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  #97 (permalink)
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tderrick View Post
You guys are trying to find absolutes in these rates. They have a form you can fill out when you set
up an account that will let you negotiate your own. As long as they are in line, they will go with you.

I simply said I wanted the high volume rate and it was given. All these numbers being tossed around are
giving me a headache.

These are probably new figures that have popped up after I was signed up, as I've been with them
for years.

Have you tried calling anyone down there?

PM me if you want a get to someone on the inside.

Wheel and deal, baby... Think like a wolf in wall street

+1!

I'm curious .... what kind of volume are you guys trading when you are concerned about dimes and quarters?

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
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  #98 (permalink)
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Joseph Connors View Post
+1!

I'm curious .... what kind of volume are you guys trading when you are concerned about dimes and quarters?

This is not about dimes, but about how hard it is to get accurate info from them. And it shouldn't be this way as they are wasting our time.

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  #99 (permalink)
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Bogan View Post
This is not about dimes, but about how hard it is to get accurate info from them. And it shouldn't be this way as they are wasting our time.

When I recover from this Mirus debacle I will move my account from AMP to Optimus. I just hate down days. Anyway on Thursday AMP called me up and was asking if I was happy and I asked as I had before for a print out of the volume pricing. As I have been told before, in a long, spinning circles around subject blab fest, that is not possible, just look at your daily reports. BS

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  #100 (permalink)
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Commissions - Confirmation


Hi,


I have some information about AMP's rates... hopefully this should provide some clarity and closure to this topic.

I called last week and talked 'bottom-line' to my broker. Since I am originally from Eastern Europe, I was provided with a Russian speaking broker, so it's nice to be able to speak to someone 'more freely' in my native tongue.. Anyway, he always said he quotes all-in, inclusive of all fees except the misc. like liquidation fees or unforseen stuff like me switching to a paid platform without him knowing through my portal before notifying him. So I asked him what the deal is with Ninja now being offered on CQG, TT, and Rithmic and wanted a full breakdown of my commissions, which are more or less the AMP rates discussed here.

The answer was basically that CQG has the most to offer in terms of OCO on the server-side, tick/trin (additional cost tough), etc. Rithmic is $0,25/side, CQG is $0,10/side, TT is 'free' but offers no historical data and the DOM fee is mandatory due to the TT patent, so it's an extra $0,20..

So what this all means is this, if also realizing that the CME increased its rates as of January 1, 2014.....

For the ES at a rate of 1 round-turn I was looking at the following (my account balance is about $2,000 so I don't qualify for the even cheaper flat rate):

- Ninja/CQG: $4,04 all in (was $4,02 + $0,02 now as of 1/1/2014 - see CME note above). Broken down as $3,82 + $0,20 CQG trade route technology fee. EUREX isn't free, but all of the other exchanges are except Singapore, which I don't trade anyway. If you use CQG, the clearing for is always $1,00 per round-turn -- I can confirm since I used CQG Ninja and CQG Trader and both are the same.
- Ninja/Rithmic: $3,82 + $0,02 CME incease = $3,84 (apparently the clearing fee is discounted for Rithmic by $0.50 according to my statement, but the Rithmic fee is $0.50/rt, so it evens out, but there is no CQG $0.20 routing fee for round-trip, so it's a net of -$0,20. I trade EUREX and was warned on Friday it's coming soon, but not available yet. Really hope it's launched imminently, because I trade a lot on FESX. Hope AMP is listening here... the Australian colleague above also said he wants this, so it's not only me.
- Ninja/TT: $3,34 but with the compulsory StaticDOM fee of $0,20 for a total of $3,54. Same thing due to discounted clearing it seems -- will have to confirm with broker, but I can confirm from my statement that $3,54 is all-in with this and you get the Static DOM included without a choice, but it's not AMPs fault as I understand due to TT patents and licensing agreements. Obviously no CQG $0,20 routing fees, but I don't like that there is no historical data. Cheaper isn't always better. TT is great, but I prefer it for X_Trader, not Ninja. EUREX is free however.

The calculator doesn't seem to have been updated for the CME small increases as of Jan 1 for some instruments like agricultural, indices, etc. This is where the confusion seems to arise.

My broker notified me of the increases ahead of time so I knew to add $0,02 for any round-turn traded on the ES as of the New Year. So $4,02 became $4,04 for ES, but oil, gold, and currencies did not change he said.

Again, the rates above are from my statement, so I can confirm they are correct after speaking to my broker, but will contact him with a few other questions soon.

Hope this helps!

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