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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)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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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)
 
cashinvestor's Avatar
 cashinvestor 
Spokane, WA
 
Experience: Intermediate
Platform: ninjatrader, tradestation, esignal
Trading: Futures, Futures Options
Posts: 13 since Jul 2009
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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)
 
mattz's Avatar
 mattz   is a Vendor
 
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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.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #314 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
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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

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  #315 (permalink)
 notebookled 
vienna/vienna
 
Experience: Advanced
Platform: ninja trader, fusion, TOS
Trading: Stocks, Futures
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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 :

total 5.53$


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

total: 4.72$



REACTION FROM AMP:





nothing more to say

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  #316 (permalink)
 traderwerks   is a Vendor
 
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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)
 Theodutchtrader 
Maastricht, The netherlands
 
Experience: Beginner
Platform: Ninjatrader and Multicharts
Trading: ES,NQ.YM and dutch stocks
Posts: 15 since Nov 2011
Thanks Given: 2
Thanks Received: 3

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)
 Xeno 
UK
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus/Zen
Trading: Futures - bonds, currencies, index
Posts: 288 since Oct 2010
Thanks Given: 70
Thanks Received: 274

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)
 
Mirus Bob's Avatar
 Mirus Bob 
Chicago/USA
 
Experience: Intermediate
Platform: NinjaTrader, MultiCharts, R|Trader Pro, ScalpTool
Broker: Mirus Futures; ZenFire
Trading: 6E, ES, CL
Posts: 6 since Nov 2011
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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)
 Xeno 
UK
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus/Zen
Trading: Futures - bonds, currencies, index
Posts: 288 since Oct 2010
Thanks Given: 70
Thanks Received: 274


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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