NexusFi: Find Your Edge


Home Menu

 





AMP Futures / AMP Global Review


Discussion in Brokers

Updated
      Top Posters
    1. looks_one mattz with 41 posts (73 thanks)
    2. looks_two Scalpguy with 31 posts (26 thanks)
    3. looks_3 Big Mike with 25 posts (68 thanks)
    4. looks_4 steve2222 with 21 posts (29 thanks)
      Best Posters
    1. looks_one Big Mike with 2.7 thanks per post
    2. looks_two kalalex with 2.3 thanks per post
    3. looks_3 mattz with 1.8 thanks per post
    4. looks_4 steve2222 with 1.4 thanks per post
    1. trending_up 341,761 views
    2. thumb_up 844 thanks given
    3. group 163 followers
    1. forum 595 posts
    2. attach_file 44 attachments




 
Search this Thread

AMP Futures / AMP Global Review

  #101 (permalink)
ranger64
Bangkok, Thailand
 
Posts: 72 since Jul 2012
Thanks Given: 13
Thanks Received: 35


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

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #102 (permalink)
 
trendwaves's Avatar
 trendwaves 
Florida
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
Posts: 703 since Dec 2012
Thanks Given: 2,898
Thanks Received: 2,525


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 ?

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #103 (permalink)
MoscowOnHudson
USA / Lithuania
 
Posts: 17 since Jan 2014
Thanks Given: 0
Thanks Received: 17


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.

Reply With Quote
  #104 (permalink)
 
trendwaves's Avatar
 trendwaves 
Florida
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
Posts: 703 since Dec 2012
Thanks Given: 2,898
Thanks Received: 2,525


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.

Visit my NexusFi Trade Journal Reply With Quote
  #105 (permalink)
 energetic 
hk
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 55 since Apr 2010
Thanks Given: 23
Thanks Received: 17

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

Reply With Quote
  #106 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582


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.

Reply With Quote
Thanked by:
  #107 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


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"
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #108 (permalink)
 
trendwaves's Avatar
 trendwaves 
Florida
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
Posts: 703 since Dec 2012
Thanks Given: 2,898
Thanks Received: 2,525

Can anyone confirm the new AMP/Rithmic server also provides historical tick data for NinjaTrader charts ?

ES, NQ, TF, YM, CL ?

Visit my NexusFi Trade Journal Reply With Quote
  #109 (permalink)
 energetic 
hk
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 55 since Apr 2010
Thanks Given: 23
Thanks Received: 17

great. Thanks to reply and confirmation.

tderrick View Post
confirmed confirmation ...

2= ... should be true


...sometimes


Reply With Quote
  #110 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
Posts: 1,896 since Sep 2009
Thanks Given: 3,379
Thanks Received: 1,540



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
Reply With Quote
Thanked by:




Last Updated on March 22, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts