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Zenfire no more?
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Zenfire no more?

  #521 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,330 since Aug 2009
Thanks: 4,575 given, 10,310 received


jiggles View Post
Mirus just may be a shell of a company that was doing just great as long as everything ticked along"pun not intended".

There is a reason that Mirus can't cope. They are miserably understaffed and those staffers are miserably underpaid.
Hard to answer the phone or emails when you have a couple wankers standing around. And for all this jive about the pieces and parts of this industry...that is the problem...too many pieces and parts that don't leave me with a feeling of confidence.
But I digress...I lost 280,000 bucks while doing business with PFG...only a fraction of which I have recovered. That left a hefty crap taste in my mouth so I don't put a lot of faith in the industry as a whole.

You get what you pay for most of the time...so bottom feeding for lower commissions at the discount broker is nothing more than a race to the bottom. The day of the free data is probably over and traders are going to have to pay much higher prices for the privilege of entering the markets....

I started out in this business paying 1400/month for a CQG Satellite feed in addition to paying 47.50/round turn on the S&P.
Lower cost of trading has surely allowed the masses permission to trade from their bedrooms, but there is a point of diminishing returns...and the Mirus debacle is a prime example of that point.

I'm very sorry about that loss.

but here's the thing I don't understand. unless you were trading hundreds of contracts, why would you put that kind of money in a futures brokerage account. I know many will disagree, but here, one should take advantage of lower margins. there's already enough risk in the markets, you don't need more risk by leaving unused money in your brokerage account. today it shouldn't be difficult to transfer money.

having said that, hopefully mirus is not next.

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  #522 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
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Posts: 384 since Oct 2010
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Silvester17 View Post
there's already enough risk in the markets, you don't need more risk by leaving unused money in your brokerage account.

Money shouldn't be at risk in a brokerage account! Should be like money in the bank, unless that's a risk too and it should be kept under the mattress or buried in the backyard.

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  #523 (permalink)
Survivor
Helsinki, Finland
 
Futures Experience: Advanced
Platform: NT8
Broker/Data: NTB
Favorite Futures: ES, CL
 
gain247's Avatar
 
Posts: 134 since Apr 2010
Thanks: 125 given, 122 received


Just to clarify guys, Mirus doesn't hold your money, the FCM does, ie Dorman or RCG.

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  #524 (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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Posts: 1,589 since Sep 2010
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rmejia View Post
Money shouldn't be at risk in a brokerage account! Should be like money in the bank, unless that's a risk too and it should be kept under the mattress or buried in the backyard.


That is the key ... it is not LIKE money in the bank ... It is not a bank ... I will always make it a point to
constantly withdraw my profits and put them in a real bank, only leaving the bare minimum to cover my
Maximum ever draw down I would accept in a month of trading.

How can anyone trust these clowns, man ... It's all Wall Street related. Take your profits completely out of
the markets

IMHO , of course


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #525 (permalink)
Elite Member
Tomsk, Russia
 
Futures Experience: Beginner
Platform: custom
Favorite Futures: gold
 
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Posts: 253 since Dec 2010
Thanks: 131 given, 427 received


tderrick View Post
AMP just added it to it's Ninja offerings

but Optimus was/is providing NT + Rithmic at the top notch level for years

or do you prefer to do the business using the ignorant newbies? I'm serious.

Scientia Libertas Prosperitas

Last edited by slickiam; January 8th, 2014 at 02:35 PM.
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  #526 (permalink)
EASY MONEY
Boise Idaho usa
 
Futures Experience: Advanced
Platform: Mirus futures
Broker/Data: Iq feed
Favorite Futures: ES,CL,NG,GC
 
daytrader4545's Avatar
 
Posts: 13 since Jan 2011
Thanks: 198 given, 21 received

brokerage Account MIN

I feel the same way you do . I keep min in my account I need for that week and then transfer profits back to my bank and lower my risk . I know if the FCM goes out of business it will a very long time to get some or part of my money back . Just look at MF Global a billion dollar company !!!!






Silvester17 View Post
I'm very sorry about that loss.

but here's the thing I don't understand. unless you were trading hundreds of contracts, why would you put that kind of money in a futures brokerage account. I know many will disagree, but here, one should take advantage of lower margins. there's already enough risk in the markets, you don't need more risk by leaving unused money in your brokerage account. today it shouldn't be difficult to transfer money.

having said that, hopefully mirus is not next.


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  #527 (permalink)
Trading Apprentice
Sherman Oaks, CA / USA
 
Futures Experience: Intermediate
Platform: Rithmic / OEC
Broker/Data: Cannon Trading Company / Ninja Trader/Rithmic, E-Futures trading platform
Favorite Futures: Gold and Crude Oil
 
kpab702's Avatar
 
Posts: 46 since Dec 2013
Thanks: 17 given, 10 received

That is true. Mirus isn't a clearing firm. I believe they use Dorman to provide Ninja Trader powered by Zen-Fire for their clients. I believe a lot of brokers who provided Zen-Fire used Dorman as their clearing firm. I know Cannon Trading Company uses Dorman to provide Zen-Fire data feed to their clients. But I also know Cannon provides other data feeds for Ninja Trader like Rithmic and Trading Technologies as alternative data feeds for Ninja Trader. There's many other alternatives


gain247 View Post
Just to clarify guys, Mirus doesn't hold your money, the FCM does, ie Dorman or RCG.


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  #528 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NTB / Continuum
Favorite Futures: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 507 given, 1,625 received

Continuum Now Available for NinjaTrader Users
January 8th, 2014 - 10:30 am CT (11:30 am ET)
________________________________________
Dear Traders,

Continuum order execution is now available through Mirus Futures for NinjaTraders users.

Used in conjunction with Kinetick, you can access institutional quality data and order routing for a complete connectivity solution.

Register here to start the conversion process from ZenFire to Continuum.

In addition, Mirus will be covering the associated connectivity fees for January and February service. This includes the $10/month Continuum fee along with rebates for a pro-rated Kinetick real-time data subscription.

Following your conversion to Continuum, you will be able to resume trading your Mirus account through NinjaTrader.

Continuum is currently available for Mirus accounts clearing through Dorman Trading. If your account is with RCG, you can open a separate account with Dorman to access Continuum.

Convert to Continuum & Receive Rebates.

Please contact your broker here at Mirus or Mirus Support at 312.262.1288 with any questions you may have in the interim.

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  #529 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,258 since May 2010
Thanks: 153 given, 1,889 received

We updated our advisory page - NinjaTrader Advisory 22

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  #530 (permalink)
Elite Member
Belgium
 
Futures Experience: Intermediate
Platform: ninja
 
Posts: 142 since Jun 2009
Thanks: 297 given, 277 received



Balanar View Post
Continuum Now Available for NinjaTrader Users
January 8th, 2014 - 10:30 am CT (11:30 am ET)
________________________________________
Dear Traders,

Continuum order execution is now available through Mirus Futures for NinjaTraders users.

Used in conjunction with Kinetick, you can access institutional quality data and order routing for a complete connectivity solution.

Register here to start the conversion process from ZenFire to Continuum.

In addition, Mirus will be covering the associated connectivity fees for January and February service. This includes the $10/month Continuum fee along with rebates for a pro-rated Kinetick real-time data subscription.

Following your conversion to Continuum, you will be able to resume trading your Mirus account through NinjaTrader.

Continuum is currently available for Mirus accounts clearing through Dorman Trading. If your account is with RCG, you can open a separate account with Dorman to access Continuum.

Convert to Continuum & Receive Rebates.

Please contact your broker here at Mirus or Mirus Support at 312.262.1288 with any questions you may have in the interim.


Now we have to pay.......

https://www.mirusfutures.com/support/continuum_conversion

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