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AMP Futures / AMP Global Review
Started: by kalalex Views / Replies:99,665 / 347
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AMP Futures / AMP Global Review

  #51 (permalink)
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Tasker_182 View Post
They are their own clearing merchant.

NinjaTrader | AMP Global Clearing (FCM)

I know that, but CME states clearly on their website that non-clearing members can't clear CME products. I asked my broker from AMP about this, he told me to contact compliance and said that they clear CME products through a third party withoud specifying their name. So I'm wondering if anyone aware of this?

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  #52 (permalink)
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Tasker_182 View Post
They are their own clearing merchant.

NinjaTrader | AMP Global Clearing (FCM)

are you sure?

http://www.cmegroup.com/tools-information/clearing-firms.html

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  #53 (permalink)
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I don't disagree with you about CME.

From AmpGlobal clearing's FAQ section: "AMP is proud to offer CME, CBOT, Nymex, Nybot, Eurex, and many others through our clearing relationships. Please contact us if you would like to trade additional markets on exchanges not listed above."

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  #54 (permalink)
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snusnufreak View Post
I know that, but CME states clearly on their website that non-clearing members can't clear CME products. I asked my broker from AMP about this, he told me to contact compliance and said that they clear CME products through a third party withoud specifying their name. So I'm wondering if anyone aware of this?

They are a non clearing FCM, so they have to clear with another FCM that clears with the CME

Math. A gateway drug to reality.
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  #55 (permalink)
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traderwerks View Post
They are a non clearing FCM, so they have to clear with another FCM that clears with the CME

So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

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  #56 (permalink)
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steve2222 View Post
So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

Non clearing FCM's still have seg and capital requirements.

Math. A gateway drug to reality.
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  #57 (permalink)
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steve2222 View Post
So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

JP Morgan

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  #58 (permalink)
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Just a top 50 list of brokers 2013
Top 50 Brokers of 2013: Bruised and battered, but coming back strong

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  #59 (permalink)
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I am wondering who believe those rankings....

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  #60 (permalink)
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@snusnufreak

AMP clears for their CQG customers through ABNAMRO. Check out ABNAMRO and you will see they are well established

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