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Date/Time: Sun, 03 Mar 2024 13:31:26 +0000

Post From: Teton Clearing Fee

[2023-08-21 22:32:21]
User370774 - Posts: 23
I posted this in another thread but it may make sense here too.

I asked AMP why there is a clearing fee for Teton:

Their response:
Sierra does not charge an order routing fee for Teton. What does this mean? CQG charges 0.10/contract per side. This fee is passed on to customers. On statements, it is listed as CQG TRF. There is no trade routing fee when trading through Teton. However, clearing is an AMP fee charged for clearing the trades. It is charged regardless of the provider that you are using. It is the same whether you are on CQG, Rithmic, TT or Teton. It is not tied to the trade routing service you use.

I don't know if that is accurate or just or whether this is the same with other providers like Stage5 or Edge Clear!?