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AMP Futures / AMP Global Review

  #51 (permalink)
 snusnufreak 
Moscow Russia
 
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Tasker_182 View Post

I know that, but CME states clearly on their website that non-clearing members can't clear CME products. I asked my broker from AMP about this, he told me to contact compliance and said that they clear CME products through a third party withoud specifying their name. So I'm wondering if anyone aware of this?

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  #52 (permalink)
 
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 slickiam 
Tomsk, Russia
 
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Tasker_182 View Post

are you sure?

https://www.cmegroup.com/tools-information/clearing-firms.html

Scientia Libertas Prosperitas
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  #53 (permalink)
 
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 Tasker_182 
Cedar Rapids, iowa
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I don't disagree with you about CME.

From AmpGlobal clearing's FAQ section: "AMP is proud to offer CME, CBOT, Nymex, Nybot, Eurex, and many others through our clearing relationships. Please contact us if you would like to trade additional markets on exchanges not listed above."

Be yourself; everyone else is already taken. Oscar Wilde
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  #54 (permalink)
 traderwerks   is a Vendor
 
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snusnufreak View Post
I know that, but CME states clearly on their website that non-clearing members can't clear CME products. I asked my broker from AMP about this, he told me to contact compliance and said that they clear CME products through a third party withoud specifying their name. So I'm wondering if anyone aware of this?

They are a non clearing FCM, so they have to clear with another FCM that clears with the CME

Math. A gateway drug to reality.
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  #55 (permalink)
 steve2222 
Auckland, New Zealand
 
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traderwerks View Post
They are a non clearing FCM, so they have to clear with another FCM that clears with the CME

So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

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  #56 (permalink)
 traderwerks   is a Vendor
 
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steve2222 View Post
So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

Non clearing FCM's still have seg and capital requirements.

Math. A gateway drug to reality.
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  #57 (permalink)
 jsengxx2 
Portugal, Viana do Castelo
 
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steve2222 View Post
So who are our funds held with? Eg with Mirus I know my funds are at Dorman. So if I went with AMP who would hold my funds (I too assumed it was AMP as I thought they were a clearing FCM).

JP Morgan

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  #58 (permalink)
 jsengxx2 
Portugal, Viana do Castelo
 
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Just a top 50 list of brokers 2013
Top 50 Brokers of 2013: Bruised and battered, but coming back strong

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  #59 (permalink)
 supermht 
Naperville IL
 
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I am wondering who believe those rankings....

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  #60 (permalink)
 westmalle 
Eindhoven The Netherlands
 
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@snusnufreak

AMP clears for their CQG customers through ABNAMRO. Check out ABNAMRO and you will see they are well established

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Last Updated on March 22, 2023


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