Support Board

Date/Time: Thu, 25 Apr 2024 03:30:41 +0000

Post From: Question: AMP Transaction Fees, TT versus CQG.

[2020-01-18 21:10:48] Link To Thread - Link To Post [Go To First Post]
User187858 - Posts: 12
Hello, I am a previous CQG user & I switched over to Sierra Charts Denali. I have been in contact with Sierra support & AMP about all this confusion. My attempts to speak to an educated personal at AMP seems to never happen, very rude employees. with that said I will switch really soon. Below is the reply i got from their Fee's department when i asked how much i was now being charged. """ ME: Hello. I recently transferred over to Sierra Charts Denali Data Feed. I want to get a better understanding of what I am being Charged per trade. From my understanding from the articles I'v read on the Sierra Charts Website we should only be getting charged routing fee's & broker AMP commissions. AMP: Hello, On a transaction basis, Sierra Chart charges a 0.10/side per contract order routing fee. In addition to that, all normal fees apply. You are charged by the exchange, the exchange fee (which varies by product). The NFA charges a 0.02/side per contract fee. There is a charge for clearing the trades (Clearing TTnet) and a commission fee from AMP. E-Mini Equities: 1.18 (exchange) + 0.02 (NFA) + 0.10 (SC Order Routing) + 0.50 (Clearing) + 0.25 (Commission) Micro E-Mini Equities: 0.20 (exchange) + 0.02 (NFA) + 0.10 (SC Order Routing) + 0.05 (Clearing) + 0.02 (Commission) """" 50 cents per contract for clearing seems expensive in my opinion.