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Zenfire no more?
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Zenfire no more?

  #691 (permalink)
Elite Member
Montreal, Canada
 
Futures Experience: Beginner
Platform: NinjaTrader, Multicharts
Favorite Futures: ES
 
Posts: 96 since Dec 2011
Thanks: 46 given, 84 received

About AMP Futures, just checked the funding instructions and your funds go to JPMorgan. (see http://www.ampclearing.com/funding_instructions.html)
With the fiasco they're involved in with the Madoff case, I don't trust putting money into a "Customer Segregated Funds" with them.

see JPMorgan, Madoff, And Why No One Dared Ask "The Cult" Any "Serious Questions As Long As The Performance Is Good" | Zero Hedge

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  #692 (permalink)
Membership Temporarily Revoked
Portugal, Viana do Castelo
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: 6e
 
Posts: 358 since Sep 2011
Thanks: 187 given, 343 received

My account is funded today at AMP, transferred my account from Mirus to AMP. At RCG they where not so happy because they only did the transfer yesterday after doing some strange things at my account (transfer was asked at Friday!). I had a Euro account and they made a euro/dollar conversion just to cover me $30 and then waited another day to do the transfer and covered me for another 25Euro.

IŽam using CQG data feed now for 3 days and IŽam very happy with it. With zen-fire I had a couple off disconnections a day, it connected right away but it was always scary. With CQG I have not get 1 disconnection until today so very stable. Definitely an improvement over zen-fire.

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  #693 (permalink)
Elite Member
Seattle, WA
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Mirus/Zenfire
Favorite Futures: YM
 
Posts: 4 since Jul 2009
Thanks: 0 given, 7 received

Vision Financial (Optimus's Clearing Firm)


Just had a civil chat with Matt @ Optimus, and liked him. Among the questions I asked, was who clears for Optimus. He answered Vision Financial. I then Googled Vision, as of course, proprietary trading questions, and co-mingling issues were a warning to all futures traders with MFGlobal etc.

Does your broker do any proprietary trading? When a big position blows up, do they go looking for client funds to bail them out? Serious question, unless you want to wake up one day and discover a much worse scenario than Mirus customers are currently facing.

Sadly, the following, from the CFTC gives me significant pause. You can read it for yourselves.

CFTC Orders Vision Financial Markets LLC to Pay a $525,000 Penalty for Violations of Customer Fund Segregation Requirements, Failure to Notify the CFTC of its Under-Segregation, and Misstatements to the CFTC

"CFTC Orders Vision Financial Markets LLC to Pay a $525,000 Penalty for Violations of Customer Fund Segregation Requirements, Failure to Notify the CFTC of its Under-Segregation, and Misstatements to the CFTC"

This is disappointing to say the least. And unfortunately all too clear..

Has AMP had a similar sanctioning? Valid question. I'll be investigating this as well. And so should all of you.

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  #694 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,043 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary


romulus View Post
Just had a civil chat with Matt @ Optimus, and liked him. Among the questions I asked, was who clears for Optimus. He answered Vision Financial. I then Googled Vision, as of course, proprietary trading questions, and co-mingling issues were a warning to all futures traders with MFGlobal etc.

Does your broker do any proprietary trading? When a big position blows up, do they go looking for client funds to bail them out? Serious question, unless you want to wake up one day and discover a much worse scenario than Mirus customers are currently facing.

Sadly, the following, from the CFTC gives me significant pause. You can read it for yourselves.
Has AMP had a similar sanctioning? Valid question. I'll be investigating this as well. And so should all of you.

Around the same time 3 major FCMs have received the same fine. Vision is a clearing member of the CME, not a NON clearing member as some FCMs are

Following the MF Global debacle many new issues went into affect an stricter than before. Vision Did everything to adjust. Look at their growth and their capability to survive through MF, PFG and Refco...and maybe more in the future.

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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  #695 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,043 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary

Request to futures.io (formerly BMT) members, I am receiving a lot of PMs, but's a bit hard to answer in the small space.
If you can, please email me matt AT Optimusfutures.com
Please put futures.io (formerly BMT) in the subject line to get a priority.

Also, I try and take all call now to assist 561 367 8686 or toll free 800 771 6748

Matt

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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  #696 (permalink)
Elite Member
Park City, Ut USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL, ZB
 
Posts: 27 since Feb 2013
Thanks: 4 given, 20 received

Has anyone got their Continuum connection up with Mirus live yet? I got the mails for the move to Kinetic/Cont yesterday and did all the steps now I am in the dark and of course cannot get an answer. Anyone make it further than me?

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  #697 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 273 received

Well since we are talking about Vision I'm going to post this testimonial in here. I've been with them for three days now. I probably should be posting this in the broker thread but I wanted to point out the significant advantages that go along with having a good broker / platform. I'm sorry Mike if this is out of context. This happened on Vision through Optimus.

This morning I had a buy limit order in GC @ 1223.3, right on a support level. The market moved down and touched the level and filled me so fast that the move was imperceptible in the DOM. I mean I was watching the dom intently and the market looked unchanged yet there I was long and in profit _instantly_! I have never had such a good fill before in my life, on anyone's platform and I used to work for a prop group where we had direct exchange connectivity, never mind on the ZenFire platform.

Lots of times with Mirus, on long shots like that I would see, after the fact, that the bar touched my level, but I would be left unfilled with the limit sitting in the book. The market did NOT retest that level on that swing. So technically the speed of the Optimus / Vision platform made me 30 ticks today.

I guess the point I am trying to make is that a good broker / platform doesn't only save you money but it can also make you money as in the example above. Thanks @mattz

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  #698 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NT/SC
Broker/Data: AMP/TTnet/CQG/SC/Rithmic
Favorite Futures: YM
 
Posts: 58 since Jul 2012
Thanks: 12 given, 16 received


WolfieWolf View Post
Well since we are talking about Vision I'm going to post this testimonial in here. I've been with them for three days now. I probably should be posting this in the broker thread but I wanted to point out the significant advantages that go along with having a good broker / platform. I'm sorry Mike if this is out of context. This happened on Vision through Optimus.

This morning I had a buy limit order in GC @ 1223.3, right on a support level. The market moved down and touched the level and filled me so fast that the move was imperceptible in the DOM. I mean I was watching the dom intently and the market looked unchanged yet there I was long and in profit _instantly_! I have never had such a good fill before in my life, on anyone's platform and I used to work for a prop group where we had direct exchange connectivity, never mind on the ZenFire platform.

Lots of times with Mirus, on long shots like that I would see, after the fact, that the bar touched my level, but I would be left unfilled with the limit sitting in the book. The market did NOT retest that level on that swing. So technically the speed of the Optimus / Vision platform made me 30 ticks today.

I guess the point I am trying to make is that a good broker / platform doesn't only save you money but it can also make you money as in the example above. Thanks @mattz



But what does that have to do with your broker or platform? Your limit order already was at the exchange long before it was filled, your broker and platform have nothing to do with it getting filled...

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  #699 (permalink)
Elite Member
Charlottetown, Prince Edward Island
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Optimus - Rithmic
Favorite Futures: GC
 
WolfieWolf's Avatar
 
Posts: 232 since Jul 2010
Thanks: 100 given, 273 received


ranger64 View Post
But what does that have to do with your broker or platform? Your limit order was at the exchange long before it was filled, your broker and platform have nothing to do with it...

Maybe it was just being in the queue but all I can say is that I've tried these types of entries before and been left hanging... but that didn't happen today.

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  #700 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NT/SC
Broker/Data: AMP/TTnet/CQG/SC/Rithmic
Favorite Futures: YM
 
Posts: 58 since Jul 2012
Thanks: 12 given, 16 received



WolfieWolf View Post
Maybe it was just being in the queue but all I can say is that I've tried these types of entries before and been left hanging... but that didn't happen today.

Once your limit order is in the orderbook at the exchange waiting for execution, your broker or platform have nothing to do with the probability of it getting filled or not.

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