this seems to make sense. its exactly what i come up with reading the calculator and adding 0.01 per side for 2014 (higher cme fees).
Edit: see post above (#102 by MoH), saw it after i wrote mine, so we have the detailed phone quote and the consistent email quote, which means the calculator is correct if you add the 0.01 cent for 2014
Last edited by ranger64; January 12th, 2014 at 09:43 AM.
The following user says Thank You to ranger64 for this post:
The AMP broker I spoke with on Thursday (3 days ago) told me the Rithmic fee of 0.25 / side is added to the base commission. Your saying the broker you spoke with said the Rithmic fee is being added and then subtracted back out ?
Just to clarify what your saying, this past week you actually connected to the AMP Rithmic servers and placed live trades on the Rithmic server and your statement confirms this $3.84 RT rate ? I also assume you opened a new Rithmic account at AMP within the last few days, since the option has only been available this past week ?
The following user says Thank You to trendwaves for this post:
Yes, on Friday since Ninja 7.0.1000.19 came out with a built-in adapter for Rithmic Ninja AMP or other FCMs that offer such a product.
It's not subtracted out as you mentioned above... what I am saying is that with CQG on my statement for 1 round-turn the clearing fee was $1,00 + $0,20 CQG fee, so look at this as +$1,20 in addition to the NFA and exchange fees and broker's commission (which for me is the same on all my accounts -- indeed it would be kind of dumb for the broker to charge me different broker commissions rates since I am the same customer.). Don't forget that the CME exchange fee increased from $2,28 to $2,30 for the ES as of Jan 1.
So on Rithmic the clearing fee is $0,50 + $0,50 Rithmic fee = $1,00 round-turn..
On Ninja TT it is a clearing fee of $0,50 + I had no choice but to pay the $0,20 Static DOM fee due to the built-in patent, so look at this as $0,50 + $0,20 for the DOM, although it's no really an apples to apples comparison.
Overall cost, though, if including all fees plus the amounts listed above on Ninja/CQG w/o the DOM on my statement was $4,04 as of the New Year with the CME fees, then on my other account I had TT and it was $3,54 (with the DOM obviously). Rithmic/AMP was $3,84 on Friday's statement (no Static DOM), as I stated.
At AMP, it's one datafeed per account/subaccount, so I divided up my account into several and did free internal transfers to test out each technology. I just don't like that the TT Ninja combo doesn't have historical data, so even at the lower cost and free EUREX data, I "can't" really analyse the market from it, so I prefer executing with CQG even due to the slightly higher cost.
The following 5 users say Thank You to MoscowOnHudson for this post:
Thank you so much for taking time to clarify this information. I will take your Friday Statement of $3.84 as fact and go forward from there. Perhaps I simply mis-understood what the AMP broker I spoke with on Thursday was trying to tell me.
I will go up thread to my post about commission costs and correct my math using your numbers, so as not to confuse everyone.