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AMP Futures / AMP Global Review

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  #41 (permalink)
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
 
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paulg View Post
Simply ask them to rectify the commissions / margins. Also account size can make a difference in your options to get better commissions, according to the AMP Cost Calculator
Also note that most of the broker feeds has maintenance period and it' could be on Sundays.
About losing historical data, this depends which data you are talking about: if they are realtime indicators calculated on historical bid/ask then it depends on software and backfill datafeed. CQG feed provided by AMP could not be the best solution in order to obtain that kind of service.
If, instead, the issue is about Multicharts, then it's better if you contact that TSSupport. Also you may need to update the latest CQG MAPI module (ask for the specific procedure for the update).
Hope this helps.

The problem with the data has been fixed. I asked them over the phone if i could get a refund on the commissions, in so many words they said no.

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  #42 (permalink)
 traderwerks   is a Vendor
 
 
Posts: 693 since Jun 2009
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paulg View Post
Simply ask them to rectify the commissions / margins. Also account size can make a difference in your options to get better commissions, according to the AMP Cost Calculator
Also note that most of the broker feeds has maintenance period and it' could be on Sundays.
About losing historical data, this depends which data you are talking about: if they are realtime indicators calculated on historical bid/ask then it depends on software and backfill datafeed. CQG feed provided by AMP could not be the best solution in order to obtain that kind of service.
If, instead, the issue is about Multicharts, then it's better if you contact that TSSupport. Also you may need to update the latest CQG MAPI module (ask for the specific procedure for the update).
Hope this helps.

Please notice that when their calculator says the Euro 6E is $4.44 R/T, they will add an extra $1 for 'clearing' that other brokers do not add so you will end up paying $5.55 R/T. Usually the CME clearing fee is about $0.06 which you also pay.

Math. A gateway drug to reality.
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  #43 (permalink)
 dakine 
Volcano, HI
 
Experience: None
Platform: Ninja
Broker: AMP/CQG
Trading: Futura2000
 
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Posts: 197 since Dec 2009
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traderwerks View Post
Please notice that when their calculator says the Euro 6E is $4.44 R/T, they will add an extra $1 for 'clearing' that other brokers do not add so you will end up paying $5.55 R/T. Usually the CME clearing fee is about $0.06 which you also pay.

I pay $2.32 a side and I don't have that 1$ charge you speak of. Can you provide more info.

Thanks.

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  #44 (permalink)
 traderwerks   is a Vendor
 
 
Posts: 693 since Jun 2009
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dakine View Post
I pay $2.32 a side and I don't have that 1$ charge you speak of. Can you provide more info.

Thanks.

You probably have a better deal than me

This is cut from my statement trading 2 R/T 6B




 
Code
Exchange    6.40
NFA         0.08
Clearing    2.00
CQF TRF     0.40
Commission  2.00
-----------------
          $10.88
$10.88 for 2 R/T so $5.44 per round trip.

The clearing fee is $0.50 per side so a round trip is $1.00.


And it was $5.44, not $5.55. My bad. Typo.

Math. A gateway drug to reality.
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  #45 (permalink)
 BWhite88 
Detroit, MI.
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 11 since Oct 2012
Thanks: 11 given, 3 received

I was wondering about the reliability of TICK data... (CQG - Ninja) I use it for entry and my TOS platform differs significantly. TOS seems to be more accurate for this purpose..

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  #46 (permalink)
 Big Mike 
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  #47 (permalink)
 notebookled 
vienna/vienna
 
Experience: Advanced
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Posts: 40 since Apr 2012
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in the beginning i had some problems with AMP futures.
after a litte bit of raging and complaining, everything is fine now.

its all about communication. the guys from AMP are sometimes a little bit slow but i give them a 8 out of 10

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  #48 (permalink)
 notebookled 
vienna/vienna
 
Experience: Advanced
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Trading: Stocks, Futures
 
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BWhite88 View Post
I was wondering about the reliability of TICK data... (CQG - Ninja) I use it for entry and my TOS platform differs significantly. TOS seems to be more accurate for this purpose..

CQG is a top datafeed... thats the reason why i choosed AMP (and about the cheap commisions).

i also use TOS, it hase the same accuracy as CQG. the problem with TOS is, that the plattform is sometimes delayed (becaus of that stupid javascript language).

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  #49 (permalink)
 snusnufreak 
Moscow Russia
 
Experience: Intermediate
Platform: NinjaTrader
Trading: futures
 
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Does anyone know who clears AMP futures? They are not CME clearing member, so i wonder through whom they clear CME products?

Thanks!

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  #50 (permalink)
 Tasker_182 
Cedar Rapids, iowa
 
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Broker: Ninjatrader - Continuum
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snusnufreak View Post
Does anyone know who clears AMP futures? They are not CME clearing member, so i wonder through whom they clear CME products?

Thanks!

They are their own clearing merchant.

NinjaTrader | AMP Global Clearing (FCM)

"Money is better than poverty, if only for financial reasons." - Woody Allen
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