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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

  #311 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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ThatManFromTexas View Post
@Big Mike

I was referring to AMP and Mirus as brokers since neither was an FCM.

So let me restate my question...

"Since neither firm is an FCM .... isn't your risk with the clearing firm ... not the brokerage?
Should we be asking which Clearing firm is the best? "

I trade through Mirus/RCG ... isn't my money at risk with RCG?

Does RCG trade their own accounts?

Based on my understanding:

Dorman is a clearing FCM, as is Rosenthal. Mirus is an Independent Introducing Broker, which means they have to meet certain accounting and capital requirements:

NFA Manual / Rules

Based on statements released by the firms, to my understanding, Dorman, RCG, and Mirus have all stated they do not have any proprietary trading.

The only way to really deal with the risk, in my opinion, is for the CFTC to introduce insurance regulations like exists in the equities markets. I have multiple accounts and spread things out that way, and I sleep perfectly fine at night. I am not worried about risk of any single account.

Mike

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  #312 (permalink)
Elite Member
Spokane, WA
 
Futures Experience: Intermediate
Platform: ninjatrader, tradestation, esignal
Favorite Futures: Futures, Futures Options
 
cashinvestor's Avatar
 
Posts: 13 since Jul 2009
Thanks: 0 given, 10 received

I thought that the current owner of 7ticks is Interactive Data Corp, also owner of eSignal. I've looked at jobs at 7ticks and their job listings are at Interactive.

I have a question about zen-fire and rithmic. Do you need to change the license at ninja trader to move between these two? Once you login, is it the same service, or does zen-fire have their own servers so basically it has no commonality with rithmic?

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  #313 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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cashinvestor View Post
I thought that the current owner of 7ticks is Interactive Data Corp, also owner of eSignal. I've looked at jobs at 7ticks and their job listings are at Interactive.

I have a question about zen-fire and rithmic. Do you need to change the license at ninja trader to move between these two? Once you login, is it the same service, or does zen-fire have their own servers so basically it has no commonality with rithmic?

To the best of my knowledge you don't need to change the license key when you switch providers.
BUT, NinjaTrader has to change the provider on their end so you can route the orders via the right provider.
Therefore, you should get in touch with them once you decided on a provider.

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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  #314 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Hi,

We are pleased to announce that Mirus Futures is now participating in our special Elite Partner offers, and is offering a $200 commission credit for new accounts.

Details here:
Special Elite Offers

Note: Big Mike Trading does not receive compensation for these referrals, we simply worked out these special deals to help our Elite Members who have chosen to support the site. Even though we believe these are great products and services, you should always do your own research before doing business with a company.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #315 (permalink)
Elite Member
vienna/vienna
 
Futures Experience: Advanced
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Commissions - AMP futures, options and forex trading

"We will MATCH or BEAT any Written Commission Quote!"


yes, thats true, but ANY other fee is more expensive.


comparing an ES trade on MIRUS and AMP:

AMP FUTURES :
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total 5.53$


MIRUS FUTURES (GERMAN FEES, as an US citizen you have to pay less, i think):
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total: 4.72$



REACTION FROM AMP:
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nothing more to say

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  #316 (permalink)
 Vendor: www.traderwerks.com 
Taipei Taiwan
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus
Favorite Futures: TW
 
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notebookled View Post
Commissions - AMP futures, options and forex trading

"We will MATCH or BEAT any Written Commission Quote!"


yes, thats true, but ANY other fee is more expensive.

I think Mattz would have some input. He has posted before talking about comparing the 'all in' price when comparing brokers.

Math. A gateway drug to reality.
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  #317 (permalink)
Elite Member
Maastricht, The netherlands
 
Futures Experience: Beginner
Platform: Ninjatrader and Multicharts
Favorite Futures: ES,NQ.YM and dutch stocks
 
Posts: 15 since Nov 2011
Thanks: 2 given, 1 received

Simulated automated trading vs realtime automated trading

Hello guys,

I am running a automated strategie in multicharts and i like to know if there is a big difference in execution between simulated autotrading and realtime autotrading?

TheoDutchtrader.

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  #318 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 267 received

I'm just about to switch from Mirus/Zen Fire, probably to AMP. This is because Mirus/Zen Fire have casually dropped trading in DAX and FTSE futures, to "improve their service"

I guess products outside the US aren't really important to them.

By the way, AMP offer trading through CQG.

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  #319 (permalink)
 Vendor: www.mirusfutures.com 
Chicago/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, MultiCharts, R|Trader Pro, ScalpTool
Broker/Data: Mirus Futures; ZenFire
Favorite Futures: 6E, ES, CL
 
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Posts: 6 since Nov 2011
Thanks: 0 given, 1 received

As Mirus continues to drive towards evolving technology advancements, our focus has been on supporting the core exchange for active ZenFire traders. We continue to serve customers through the CME group of exchanges, ICE, and EUREX. You can read our notice regarding support for less demanded exchanges here.

If you have any questions about Mirus Futures please send me a Private Message.
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  #320 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 267 received


Sorry, it sounds just like spin. If ZF wanted to improve core support they could have just stuck a server in London to deal with NYSE Liffe. As for concentrating on core 'in demand' exchanges, I suppose MGEX is one of those, with its 6,000 contracts a day, compared to FTSE at 100,000 and 16 dollars a tick.

Your appreciation of UK products is further demonstrated by your remark that we can just trade suitable alternatives in the US. Really? What's the equivalent US product for the FTSE 100?

So much for Global trading.

(my figures and assumptions may be way out - I really don't have the motivation to check)

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