Recent slippage on GC with Amp Trading. - futures io
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Recent slippage on GC with Amp Trading.


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Recent slippage on GC with Amp Trading.

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  #1 (permalink)
London UK
 
 
Posts: 20 since Jan 2011
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Hey, I was just wondering if there was more traders experiencing the same slippage on GC with Amp trading in the last 3 weeks? I'm with them for a long time and suddenly i get slippage on nearly every trade? Before hardly ever? And can anybody make a suggestion on where to go who offers NT7 and quite decant?

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  #3 (permalink)
 
 
Posts: 1,176 since Nov 2009



MadManmos View Post
Hey, I was just wondering if there was more traders experiencing the same slippage on GC with Amp trading in the last 3 weeks? I'm with them for a long time and suddenly i get slippage on nearly every trade? Before hardly ever? And can anybody make a suggestion on where to go who offers NT7 and quite decant?

has your slippage been taking place ever since they became their own FCM? curious to know.... also, you dont mention via who you are routing the orders at AMP... It would be even more interesting to know if you are planning to switch over to CQG/NT7 combo and then if the slippage goes away given the new order routing via CQG..

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  #4 (permalink)
London UK
 
 
Posts: 20 since Jan 2011
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It started about 3 weeks ago, like i said before that hardly ever. Dont know when they become their own FCM? Im trying to place when it started cause i went from NT6.5 to NT7 but as i recall it started for the last week in NT6.5. I then upgraded to 7 and went to CQG thought that will sort it but it didn't the first day on CQG NT7 i lost 4 ticks slippage on two losers...? So that was 8 ticks? No news no runners just normal market? Anyway i spoke to my broker and he doesn't seem to have a idea as he says nobody he knows get slippage at Amp trading. I will phone my internet connection provider today to find out if anything changed but i dont think so? I will see how the week goes and then move my account. Slippage is part of trading but this is ridicules.

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  #5 (permalink)
 
 
Posts: 1,081 since May 2010

Removed.

It was not aimed at AMP but removed to avoid confusion.

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  #6 (permalink)
New Brunswick, NJ
 
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MetalTrade View Post
Slippage is just a nasty way to increase their margin.

They are not a bucket shop. How would slippage increase their margin?

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  #7 (permalink)
 
 
Posts: 1,081 since May 2010

Not aimed at AMP but a broker who want to cheat would do the following : "They fill you 4 ticks away, but buy on the market the contract which they hold for you. When you sell they sell your contract on the market and they sell to you with 4 ticks slippage."

Look at the site of the NFA, big names who everybody thought they were OK happened to pay fines and settlements.

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  #8 (permalink)
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MetalTrade View Post
They fill you 4 ticks away, but buy on the market the contract which they hold for you. When you sell they sell your contract on the market and they sell to you with 4 ticks slippage.

Look at the site of the NFA, big names who everybody thought they were OK happened to pay fines and settlements.

That would be illegal and is a pretty serious allegation. Do you have any prove that this is what AMP is doing?

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  #9 (permalink)
beverly hills, ca
 
 
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thatguy View Post
That would be illegal and is a pretty serious allegation. Do you have any prove that this is what AMP is doing?

That is serious, and doesn't make sense for them to take that kind of risk. If they were up to those kind of shenanigans it wouldn't take long to be exposed. Again, it just doesn't make sense to risk for a few ticks here and there.

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  #10 (permalink)
Here, GA
 
 
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MetalTrade View Post
They fill you 4 ticks away, but buy on the market the contract which they hold for you. When you sell they sell your contract on the market and they sell to you with 4 ticks slippage.

Look at the site of the NFA, big names who everybody thought they were OK happened to pay fines and settlements.

Never had an issue with AMP ZenFire Ninja combo. Geussing it has more to do with the new CQG feed. Don't think they have all the issues worked out yet. Anything that impedes the order path (API's for instance) will result in a delay for market orders being passed, filled, reported.

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  #11 (permalink)
 
 
Posts: 1,081 since May 2010

I'm definitely not saying that AMP is doing it. I'm just saying that big names in the past who everybody thought they were honest guys were not so honest if you look at the NFA website.

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  #12 (permalink)
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MetalTrade View Post
Slippage is just a nasty way to increase their margin.

Your internet provider has nothing to do with it. Not with such a huge slippage.

Metal, what proof do you have of this? Otherwise this is libel and you need to remove your remarks immediately from the forum.

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  #13 (permalink)
 
 
Posts: 1,081 since May 2010

It wasn't aimed at AMP, I was describing how the brokers who are mentioned as doing fraudulent actions on the NFA site are doing it.

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  #14 (permalink)
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I don't think it was intentional. Its a new API, and your being their beta tester. AMP still has alot of issues IMO. If their own brokers don't know what they're offering, thats not good. There's already a thread about amp and CQG, you should have posted over there, that way they can help solve your problems. I also suggest you check your brokerage statement to make sure the trades match to what ninja is reporting.

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  #15 (permalink)
beverly hills, ca
 
 
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MetalTrade View Post
It wasn't aimed at AMP, I was describing how the brokers who are mentioned as doing fraudulent actions on the NFA site are doing it.

I could be wrong, but I don't think there's a case of a futures broker doing that. Perhaps you're thinking of some of the forex firms that have been caught doing stuff like that, but that's a whole different ballgame.

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  #16 (permalink)
 
 
Posts: 1,081 since May 2010

Have you checked the NFA site ? I admit that there are more forex brokers being fined, but there are options and futures brokers.

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  #17 (permalink)
Naperville IL
 
Experience: Intermediate
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but when I called AMP customer service, it seems wasting time.

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  #18 (permalink)
New Brunswick, NJ
 
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MetalTrade View Post
Have you checked the NFA site ? I admit that there are more forex brokers being fined, but there are options and futures brokers.

Perhaps you should open a new thread about brokers being fined? Since you insist that your comments have nothing to do with AMP, I am not sure other brokers being fined is very relevant to this thread which is about slippage experienced with AMP.

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  #19 (permalink)
 
 
Posts: 1,081 since May 2010

If people are happy with AMP they stay there, if they are not happy they move on to another broker. I guess that's how it works.

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  #20 (permalink)
Naperville IL
 
Experience: Intermediate
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I closed my AMP account already, the main reason is their customer service won't help.

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  #21 (permalink)
beverly hills, ca
 
 
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MetalTrade View Post
Have you checked the NFA site ? I admit that there are more forex brokers being fined, but there are options and futures brokers.

I have checked, and I receive their email notifications when they fine of discipline an entity and I've never heard of such a case in the futures industry, where a broker has created artificial slippage for their clients so they could profit of the difference. Please let me know if you know of such a case. I'd like to look it up.

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  #22 (permalink)
Amsterdam
 
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I assume that Metaltrade is referring to the following link: BASIC Search

AMP specific information: BASIC Details

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