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Date/Time: Fri, 29 Mar 2024 07:44:52 +0000



Best Solution for SierraChartOrderRoutingServiceWithData

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[2019-04-20 17:43:32]
User138602 - Posts: 169
Greetings,

I want to use Sierra Chart's new Order Routing Service combined with the Sierra Chart RealTime Futures DataFeed.

Can anyone provide me with an Introducing Broker for full CME Group Futures-Trading for one of the supported trading services who meets the following criteria:

- competitive commissions, not necessarily the lowest
- low intraday margin requirements; AMP offers $500 for e-mini SP500
- low initial funding for account opening
- outside of Europe
- no inactivity fee
- no need for subscribing to a data feed
- no monthly maintenance fee

Basically a broker which works solely based on commissions.
Right now i am with AMP and all the fuss is basically to get rid of their monthly $20 maintenance fee.
Fullfilling my requirements may well mean a not sustainable business model, but you never know.

Thanks in advance
Date Time Of Last Edit: 2019-04-20 17:43:55
[2019-04-20 23:48:53]
Sierra Chart Engineering - Posts: 104368
Do all AMP customers pay a $20 monthly maintenance fee at AMP? Is this fee always present every month? Is this an inactivity fee?

One thing is likely is that with what these clearing firms pay for technology related costs, if you are not actively trading they are going to have some form of an inactivity fee.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2019-04-20 23:50:44]
Sierra Chart Engineering - Posts: 104368
Another thing we want to know about from AMP customers is that if you are using Sierra Chart advanced package (5) through your AMP account and you did not login to Sierra Chart during a particular month, do they still charge you for Sierra Chart? They must not. If so, we need to know about that.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2019-04-20 23:51:24
[2019-04-21 11:49:40]
User138602 - Posts: 169
1. I am on it. I cant find the post(its not listed in the fee summery they promote), so i did send the support an email. As soon as i have proof i let you know.

2. I cant answer that, because i pay sc fee myself, and not through AMP. @Others: You are welcome to answer.
[2019-04-22 13:44:03]
User138602 - Posts: 169
I got my answer:

"Hello,

The fee is listed on the website under the Exchange Data Fees section: https://www.ampfutures.com/trading-info/exchange-data-fees/

Monthly Baseline > $20 per month minimum per user ID or 80 Contracts / 40 Round Turns traded per month.

Rithmic Per Trade Fee is still $0.25 per contract traded. If you trade, less than 80 contracts / 40 round turns per month > you will be charged the difference up to $20.

Thank you,
Max Rathberger"
[2019-04-22 15:51:35]
SC Support - Posts: 1785
Thank you for connecting on skype today. Thank you for your business - I hope that we can continue to win your business for 10+ more years
[2019-04-22 18:47:44]
User138602 - Posts: 169
My Question for AMP Support:

"Hello,
i looked at your linked data fees table and the only obvious entry connected to the $20 is Rithmic API+. So my understanding is this: if i switch to CQG i wont have the $20 fee. Or does the "Monthly Baseline > $20 per month minimum per user ID or 80 Contracts / 40 Round Turns traded per month" also apply to any other Front End Provider you work with?"

The answer i got:

"CQG and Rithmic are two separate data vendors. Rithmic fees do not apply to CQG users. CQG currently has not monthly minimum fees. Additionally, their Trade Route fee is 0.10/contract as opposed to Rithmic's 0.25/contract."

So this is REALLY promising. One can have SC data feed for unfiltered high quality volume Tick data and sufficient Market Depth (full??? CME right now 200 levels afaik! and i hope they expand this as much as possible for as many symbols as they can).
There will be a coming price adjustment for this data feed. But its announcement is not my job...but stay tuned, it will be a BIG! deal if put into comparison with todays price.
On Top of that you can use the SC Orderrouting through TT which enables you to use all features of the coming journaling ability and current trading stats on a long time basis with 100% reliability. (I hope the journaling will get so good over time that it can maybe even replace any 3rd party solution...WOW!!!)
And for now you get with AMP a broker who solely works on a LOW commission basis if you choose the CQG option. Rithmic is outstanding for its non-limited orderbook which you shouldnt really need when using the SC futures data feed...but time will tell.

Costs CME futures trading in summery:

-SC Package 5; $36/month @ maximum (bookmap alone costs $99 for just the heatmap)
-SC data feed; to be announced
-exchange fees; full CME is $16/month
-AMPBroker/CQG feed commission per contract/side $0.10, no other costs
-TT order routing commission per contract/side $0.10, no other costs

And regarding the technical side, its all in SCs hands. I urge every1 to consider this offer. It should give the Devs much more time to develope this trading platform even further. If this wont be a good deal, then i dont know what will be this day and age.


Best Regards
PS: Pls feel free to correct me where i am wrong.
Date Time Of Last Edit: 2019-04-22 18:52:22

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