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AMP Trading - how reliable


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AMP Trading - how reliable

  #11 (permalink)
 cizagui 
ottawa, ontario
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 6 since Jun 2009
Thanks Given: 1
Thanks Received: 6

I was with NT and AMP for 3 years with no significant data problems or problems with the help desk or transfer of funds. There was a brief stoppage once or twice due to CME problems and slow downs during very large volume trading but likely due to the slow processor in my PC at the time. I am back to trading stocks/ETFs and Forex for the time being.

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  #12 (permalink)
hcgaloi
Seattle, WA
 
Posts: 5 since Aug 2009
Thanks Given: 0
Thanks Received: 1

I have been using AMP Futures for the past 9 months to trade TF without any connection problem. However, if you're using NinjaTrader, you may need a high-performance computer with lots of memory. It needs lots of resources especially around major news announcements when the market is very volatile.

Good luck

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  #13 (permalink)
 FBJS 
Toronto
 
Experience: Advanced
Platform: NinjaTrader
Posts: 109 since Sep 2009
Thanks Given: 30
Thanks Received: 193



hcgaloi View Post
I have been using AMP Futures for the past 9 months to trade TF without any connection problem. However, if you're using NinjaTrader, you may need a high-performance computer with lots of memory. It needs lots of resources especially around major news announcements when the market is very volatile.

Good luck

Agreed... NT (especially 6.5) is a resource hog and is not properly programmed in a multi-threaded fashion. In particular, the UI updates are all done in a single thread, which means that if you have a lot of charts open it will significantly slow down your system, even on the fastest processors. (This is a problem you will note around news releases, mostly.) Time and Sales windows are also extremely resource intensive. One solution is to set up multiple virtual machines and run a copy of NT inside each of them, thereby splitting up the processing amongst multiple CPU cores, if you have them.

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  #14 (permalink)
johncare
london & garapan (saipan )
 
Posts: 3 since Jul 2009
Thanks Given: 0
Thanks Received: 1

mirus own zenfire, dorman a clearing house, amp is my broker, no troubles in last 6 months... mirus and amp both use zenfire, same clearing houses and bank..

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  #15 (permalink)
nqemini
north east, usa
 
Posts: 16 since Oct 2009
Thanks Given: 128
Thanks Received: 4

A friend of mine uses AMP and he is very happy with them. NT and Zen fire data feed.

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  #16 (permalink)
 sandman 
San Antonio, Texas
 
Experience: Intermediate
Platform: NinjaTrader, MT4
Trading: Currency Futures
Posts: 29 since Sep 2011
Thanks Given: 3
Thanks Received: 14

Traded side-by-side AMP versus Mirus for 3 months.

Amp doesn't answer phone or emails & I got cut off their emergency trade line when I called with an emergency.

Had some problems with reported cost basis on a trade moving by 40 pips. Couldn't get them to take the issue seriously & they ridiculed me on a public forum (elitetrader).

No problems with mirus. Good in all the ways AMP is bad.

Save yourself the aggravation & go with Mirus instead. I consolidated both accounts there after saying good riddance to amp.

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  #17 (permalink)
 DBraun126 
Atlanta, GA USA
 
Experience: Intermediate
Platform: NinjaTrader (eod), Tradestation
Trading: E-Mini Futures, Forex
Posts: 17 since Sep 2011
Thanks Given: 13
Thanks Received: 9

I am wondering what the connection/separation between Amp and Global Futures is. I recently did a NT/Global sim trial, but see they somehow use AMP clearing, which also offers brokerage services.

So, I'm looking around for an e-mini broker with good service and low commissions.

Is $4.50 RT reasonable for 5-10 RTs a day, or are there better rates out there for that volume?

I used to trade with IB, but their service is not the most prompt.

Thanks, Dennis

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  #18 (permalink)
kk240
Europe,Nomad
 
Posts: 84 since Nov 2010
Thanks Given: 25
Thanks Received: 30


DBraun126 View Post
I am wondering what the connection/separation between Amp and Global Futures is. I recently did a NT/Global sim trial, but see they somehow use AMP clearing, which also offers brokerage services.

So, I'm looking around for an e-mini broker with good service and low commissions.

Is $4.50 RT reasonable for 5-10 RTs a day, or are there better rates out there for that volume?

I used to trade with IB, but their service is not the most prompt.

Thanks, Dennis


I think you can pick which clearing you want use,AMP,RCG .........
Funding Instructions | Global Futures
Platforms - Compare | Global Futures

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  #19 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
Thanks Given: 350
Thanks Received: 197

I think NT7 fixes a lot of those resource hog/memory leak issues of 6.5. With the newest versions latency/refreshments of TS, DOM and charts can be set to fastest settings (what your machine is able to handle).
CQG is top notch and NT7 is even able to show its full market depth now.

Very interesting bundle i have to say, very competitive.

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  #20 (permalink)
 dlatbm 
Sydney Australia
 
Experience: Advanced
Platform: SierraCharts, NT
Trading: ES,TF,CL, SPI,
Posts: 73 since Nov 2010
Thanks Given: 6
Thanks Received: 23



sandman View Post
Traded side-by-side AMP versus Mirus for 3 months.

Amp doesn't answer phone or emails & I got cut off their emergency trade line when I called with an emergency.

Had some problems with reported cost basis on a trade moving by 40 pips. Couldn't get them to take the issue seriously & they ridiculed me on a public forum (elitetrader).

No problems with mirus. Good in all the ways AMP is bad.

Save yourself the aggravation & go with Mirus instead. I consolidated both accounts there after saying good riddance to amp.

Could not agree more, they are hopeless.
but

CFuture View Post
I think NT7 fixes a lot of those resource hog/memory leak issues of 6.5. With the newest versions latency/refreshments of TS, DOM and charts can be set to fastest settings (what your machine is able to handle).
CQG is top notch and NT7 is even able to show its full market depth now.

Very interesting bundle i have to say, very competitive.

I have to agree here, very fast and reliable feed, in particular,at the opening of the ES/TF sessions. I compared the data to OEC and CQG is more precise (got more ticks), besides being available all the time.

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Last Updated on September 28, 2012


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