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AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better
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AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better

  #221 (permalink)
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TXmkrr View Post
Velocity-TT- ES $3.82 CL $4.44

They have a maintenance monthly fee 30$ waived if 50+ contracts traded each month or active platform is 'their' X_TRADER®. So, if you use NT you pay 30$ monthly trade or not. If you use X-Trader ES is $4.52 CL is $5.14.

I think this kind of fee, maintenance, inactivity, will become common among discount brokers because it is originated from the data feed vendors (TT and Rithmic)


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  #222 (permalink)
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Silence Exp View Post
They have a maintenance monthly fee 30$ waived if 50+ contracts traded each month or active platform is 'their' X_TRADER®. So, if you use NT you pay 30$ monthly trade or not. If you use X-Trader ES is $4.52 CL is $5.14.

I think this kind of fee, maintenance, inactivity, will become common among discount brokers because it is originated from the data feed vendors (TT and Rithmic)


no inactive fee for AMP+CQG feed.

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  #223 (permalink)
Market Wizard
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Silence Exp View Post
I think this kind of fee, maintenance, inactivity, will become common among discount brokers because it is originated from the data feed vendors (TT and Rithmic)

Rithmic does not charge ANY inactivity fees. I am not sure where you got this info.
They will not provide you ongoing quotes forever if you don't trade but they don't charge for inactivity.
The decision to have inactivity lies within the IB/FCM

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #224 (permalink)
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mattz View Post
Rithmic does not charge ANY inactivity fees. I am not sure where you got this info.
They will not provide you ongoing quotes forever if you don't trade but they don't charge for inactivity.
The decision to have inactivity lies within the IB/FCM

Are you working for Rithmic ? Your words sounds a little bit aggressive. Sorry but I have two margin accounts selftraded and one managed. The two brokers, and they are in the top 50 ... with TT and Zen-Fire, both introduced at the end of 2011 the maintenance/inactivity fee.
I suppose, and I say suppose, that soon all will introduce this fee.
Mirus is transparent and clear. They begun to notify its customers well in advance and then postponed the fee to January 1. In any case, their limits are very low to be overcome. 5 r / t only, nothing if any NT login in the month, it's possible to suspend and reactivate the data feed for long time if you plan to stay out.

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  #225 (permalink)
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Silence Exp View Post
Are you working for Rithmic ? Your words sounds a little bit aggressive. Sorry but I have two margin accounts selftraded and one managed. The two brokers, and they are in the top 50 ... with TT and Zen-Fire, both introduced at the end of 2011 the maintenance/inactivity fee.
I suppose, and I say suppose, that soon all will introduce this fee.
Mirus is transparent and clear. They begun to notify its customers well in advance and then postponed the fee to January 1. In any case, their limits are very low to be overcome. 5 r / t only, nothing if any NT login in the month, it's possible to suspend and reactivate the data feed for long time if you plan to stay out.


OT: Love the avatar, Silence Exp; I thought of using the tuffatore myself. I wrote a piece based on it once.

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  #226 (permalink)
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futuretrader View Post
OT: Love the avatar, Silence Exp; I thought of using the tuffatore myself. I wrote a piece based on it once.


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  #227 (permalink)
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Silence Exp View Post
Are you working for Rithmic ? Your words sounds a little bit aggressive. Sorry but I have two margin accounts selftraded and one managed. The two brokers, and they are in the top 50 ... with TT and Zen-Fire, both introduced at the end of 2011 the maintenance/inactivity fee.
I suppose, and I say suppose, that soon all will introduce this fee.
Mirus is transparent and clear. They begun to notify its customers well in advance and then postponed the fee to January 1. In any case, their limits are very low to be overcome. 5 r / t only, nothing if any NT login in the month, it's possible to suspend and reactivate the data feed for long time if you plan to stay out.

I am not working for Rithmic, we are a brokerage and we use them almost exclsuively for our trading applications:NinjaTrader,Multicharts,Sierra,RTrader, etc

If I sounded aggressive, I had no intentions of doing so, neither had I the intentions of criticizing any other brokerage out there. in fact, I never did.
All I was trying to say is that Rithmic or my clearing firm did not (so far) impose any inactivity fee that I had to pass on to my custimer. as for commissions, we are very competitive as well.

I have noticed that if someone does not use Rithmic for a long time then the quotes get discontinued.
They are reactivated upon request after.

I truly wish you well in your trading, and please understand that the only reason I jumped on this thread is to clarify something that we heavily rely upon (Rithmic). It is after all it's own independent feed and platform as well.

Matt

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  #228 (permalink)
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Guys, keep the Rithmic and Optimus Futures questions to the Rithmic and Optimus Futures thread.

This thread is about Amp Futures vs Mirus Futures. It is not about Rithmic or Optimus.

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  #229 (permalink)
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Each broker had some own reasons for an inactivity fee.

Mirus set it w 5 rt in order to check the client base
AMP set it w 40 rt in order to shake off Zen-fire
It's good to hear that mattz set no inactivity fee.

And it's all about Rithmic

imho

Scientia Libertas Prosperitas

Last edited by slickiam; March 21st, 2012 at 11:52 AM.
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  #230 (permalink)
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Zenfire is not CME certified


You can see from the CME site that rithmic is certified with the CME and zenfire is not.

If zenfire was a stand alone trading technology it would be listed at the exchange.
Choosing a Trading Application

About time truth is coming out! Keep up the good work mattz Lots of great feedback on futures.io (formerly BMT) and now everyone can see that rithmic is the direct source to the exchange - not zenfire. I smell mirus whitelabel

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