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Data feed for quantower with AMP?


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Data feed for quantower with AMP?

  #1 (permalink)
 Aandrue 
Syracuse, NY
 
Experience: Beginner
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I have a question about data feeds. Im not sure if this is a Ninja question or an AMP one. How do I get a data feed for quantower? I have an AMP account (not funded yet) and I downloaded the amp version of quantower. I tried logging into quantower with my CQG credentials from NT but it gave me an error. Do I have to talk to amp customer service?

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  #2 (permalink)
 
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 bobwest 
Western Florida
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Aandrue View Post
I have a question about data feeds. Im not sure if this is a Ninja question or an AMP one. How do I get a data feed for quantower? I have an AMP account (not funded yet) and I downloaded the amp version of quantower. I tried logging into quantower with my CQG credentials from NT but it gave me an error. Do I have to talk to amp customer service?

Well, it's not a NinjaTrader question because you're not using Ninja here as your broker. Since your account is with AMP, they would be the ones to contact. They will be familiar with how to set up the platforms they work with.

But I have set up this new thread for your question, so if someone is familiar with this and can give you a quick answer, they may provide the info you need.

Anyone? This came in through the "ask any question" thread, and if someone has the answer it may help.

Otherwise, contact AMP support.

I hope you get it solved quickly.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #3 (permalink)
 Aandrue 
Syracuse, NY
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: ES MES
Posts: 7 since Oct 2022
Thanks Given: 4
Thanks Received: 4


I have my gripes with both AMP and NT's websites. Its been interesting making the switch from equity brokers where everything is integrated, just make an account and go. I found on NT's website they have a multibroker license which I belive lets you use 'thier' cqg data with other brokers, hence the question. If dont hear from anyone, Ill send Amp an email.

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  #4 (permalink)
 
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 bobwest 
Western Florida
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Aandrue View Post
I have my gripes with both AMP and NT's websites. Its been interesting making the switch from equity brokers where everything is integrated, just make an account and go. I found on NT's website they have a multibroker license which I belive lets you use 'thier' cqg data with other brokers, hence the question. If dont hear from anyone, Ill send Amp an email.

Most people find things confusing if they go from the equity world to the futures world.

NT at one time, before they owned a brokerage, made its living only from its trading software, which could be used by many (most) brokers. They were much like the Quantower application you are trying to use from AMP -- available for the broker to offer to their customers. At that time, most brokers would not spend the resources to develop their own trading software, because NT (and quite a few others) would allow the broker to offer a pre-made trading package that their customers would probably be used to already. Then NT bought a brokerage firm and renamed it NT Brokerage and basically no longer allowed other brokers to offer the trading platform, with one or two exceptions, because they were now competitors. AMP was definitely NOT one of the exceptions, since they had a falling out a few years before due to a business dispute, and stopped working together well before the formation of NT Brokerage.

CQG is a firm that is used by many brokers to not only provide data to their trading platforms, but also to route trades to the exchange. (There are several others. Their major competitor is Rithmic.) CQG, Rithmic and most of the others will deal with many brokers through their own separate arrangements that they make with the brokers. For this reason, I would be surprised if the CQG credentials you have from NT will work with anyone but NT. I would expect you have to use a CQG connection that was arranged via a business relationship between AMP and CQG. That's pretty much how things work.

And this is not really that strange, when you consider that CQG is not only providing the price data for your display, but is actually responsible for routing your trades to the exchange for the broker. (Another thing that is different from the equities world.) There are firms that are purely in the data business and that don't do any trade routing, but CQG is not one of them, which means that any broker would naturally have its own arrangement with them. Trade routing is an essential function after all.

I am not familiar with how the NT multi-broker license works, so anything I say about it may not be entirely correct. I believe that the multi-broker license was mainly useful in the old days when a trader might have accounts with several brokers and also use the NT platform for all of them, which is no longer the NT business model. I assume that at the time, and for the few other brokers they deal with now, you would have to already have a complete brokerage account with broker "x", which would include its own data/trade-routing arrangement between broker "x" and the trade router, and simply could switch between them without having two copies of the NT platform. While I have no experience with the NT multi-broker license and this is conjecture on my part, it is consistent with how the industry works. When a person sets up a broker account, the trade routing arrangements are going to be set up also. Then if the customer wanted to use a particular trading software, the broker wouldn't depend on the trading software to set up the trade routing -- that would have to already have been done when the broker account was opened.

Anyway, I strongly doubt (as in utterly and completely, rock-solid doubt) that anything you get from NT will work with anything you get from AMP.

I know this is not how things work in equities, and it is unfamiliar to you. But this is the ocean you're swimming in now.

Bob.

---------------------

Edit: Again, I hope someone who has Quantower with AMP will help @Aandrue out as he tries to navigate this new world of futures.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #5 (permalink)
 Aandrue 
Syracuse, NY
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: ES MES
Posts: 7 since Oct 2022
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I figured it out, you have to fund the account. Once you do that amp will 'open the gates' to getting your data feed setup. I had a suspicion thats what I needed to do, but I made the account in all the way back in May and just getting back to it now.

@bobwest If you wanna delete this thread, its ok with me. Keep the clutter on the site down, despite your very long reply ^ that kind of knowledge is why im here.

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  #6 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,333
Thanks Received: 26,267


Aandrue View Post
I figured it out, you have to fund the account. Once you do that amp will 'open the gates' to getting your data feed setup. I had a suspicion thats what I needed to do, but I made the account in all the way back in May and just getting back to it now.

@bobwest If you wanna delete this thread, its ok with me. Keep the clutter on the site down, despite your very long reply ^ that kind of knowledge is why im here.

@Aandrue, I'm glad you have your answer.

We'll leave this thread open in case someone else who has the same or a similar issue comes across it and receives some help from it.

Thanks for raising it.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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Last Updated on November 9, 2022


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