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AMP Futures / AMP Global Review
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AMP Futures / AMP Global Review

  #101 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NT/SC
Broker/Data: AMP/TTnet/CQG/SC/Rithmic
Favorite Futures: YM
 
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Bogan View Post
I was about to post the same observation.
And they didn't give me this link when I inquired about commissions by email.


This is what I was quoted for ES by email:
NT CQG: $3.84 + $0.20 CQG TRF = $4.04 r/t
NT Rithmic: $3.34 + $0.50 Rithmic TRF = $3.84 r/t
NT TT: $3.54 r/t
Static DOM is included on TT and cannot be excluded. For CQG and Rithmic static DOM is extra $0.20 r/t.

This is consistently 2 cents more per r/t than what the calc says (for volume tiered <1,000 Contracts), but looks like it does account for Rithmic routing fee.

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.
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  #102 (permalink)
Elite Member
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader 8
Favorite Futures: YM, ES, NQ, CL, ZB
 
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MoscowOnHudson View Post
Hi,

<snip>

- Ninja/Rithmic: $3,82 + $0,02 CME incease = $3,84 (apparently the clearing fee is discounted for Rithmic by $0.50 according to my statement, but the Rithmic fee is $0.50/rt, so it evens out, but there is no CQG $0.20 routing fee for round-trip, so it's a net of -$0,20. I trade EUREX and was warned on Friday it's coming soon, but not available yet. Really hope it's launched imminently, because I trade a lot on FESX. Hope AMP is listening here... the Australian colleague above also said he wants this, so it's not only me.


Again, the rates above are from my statement, so I can confirm they are correct after speaking to my broker, but will contact him with a few other questions soon.

Hope this helps!

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 ?

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  #103 (permalink)
Trading Apprentice
USA / Lithuania
 
Futures Experience: Advanced
Platform: CQG Trader, NinjaTrader, SierraChart
Broker/Data: AMP/CQG
Favorite Futures: ES, GC, CL, BRN, 6E
 
Posts: 17 since Jan 2014
Thanks: 0 given, 18 received

Commissions


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.

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  #104 (permalink)
Elite Member
Florida
 
Futures Experience: Advanced
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MoscowOnHudson View 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.


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.

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  #105 (permalink)
Elite Member
hk
 
Futures Experience: Intermediate
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Amp seem to be the alternative to mirus for me.
can anyone confirm me CQG provide free history data?

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  #106 (permalink)
Trading for Profit
new york
 
Futures Experience: Intermediate
Platform: X Trader, Sierra Charts, Multicharts
Broker/Data: AMP/TT, Vision/Rithmic, AMP/CQG
Favorite Futures: CL, NG, gold
 
Posts: 355 since Mar 2012
Thanks: 665 given, 569 received


energetic View Post
Amp seem to be the alternative to mirus for me.
can anyone confirm me CQG provide free history data?

yes cqg has historical tick data. I just loaded 300 day tick chart with 10,000 tick resolution to verify it.


Last edited by shanemcdonald28; January 12th, 2014 at 11:11 AM.
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  #107 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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shanemcdonald28 View Post
yes cqg has historical tick data.


confirmed confirmation ...

2= ... should be true


...sometimes


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #108 (permalink)
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Florida
 
Futures Experience: Advanced
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Can anyone confirm the new AMP/Rithmic server also provides historical tick data for NinjaTrader charts ?

ES, NQ, TF, YM, CL ?

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  #109 (permalink)
Elite Member
hk
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 48 since Apr 2010
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great. Thanks to reply and confirmation.

tderrick View Post
confirmed confirmation ...

2= ... should be true


...sometimes


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  #110 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
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trendwaves View Post
Can anyone confirm the new AMP/Rithmic server also provides historical tick data for NinjaTrader charts ?



ES, NQ, TF, YM, CL ?


For NT, historical data comes from NT servers when using Rithmic just like it did with NT/ZF/Mirus.
For

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
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