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Date/Time: Thu, 28 Mar 2024 17:39:11 +0000



Question: AMP Transaction Fees, TT versus CQG.

View Count: 11571

[2020-04-28 23:52:56]
Sierra Chart Engineering - Posts: 104368
We did not hear back from AMP management on this. We are not sure what more to say. We recommend contacting other brokers/firms and see what they are able to offer. Check with Stage 5 who uses Advantage for clearing. Also check with Dorman.

Not sure whether that calculator from AMP includes the .10 per contract per side fee for TT routing.
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
[2020-04-29 06:27:26]
adamsid - Posts: 7
If I go with your recommended option, they'll open an account with Trading Technologies for me. The US$ 200 that you recommended funding the TT account with, will I be given some access details or does that count as my balance with AMP?
[2020-04-29 12:12:36]
User752471 - Posts: 14
We did not hear back from AMP management on this. We are not sure what more to say.

Thanks for following up in any case! If there is nothing more that can be done to bridge the commission gap then I would suggest updating your documentation to remove that CQG users will not see any change in commissions as that may lead to further support inquiries about this!

Just my $0.02! Thanks for all that you guys do!
[2020-04-29 23:47:28]
Sierra Chart Engineering - Posts: 104368
If I go with your recommended option, they'll open an account with Trading Technologies for me. The US$ 200 that you recommended funding the TT account with, will I be given some access details or does that count as my balance with AMP?
There are no access details required. You just need to complete this form:
https://www.sierrachart.com/UserControlPanel.php?page=SCOrderRoutingServiceTradingAccountAssignmentRequestForm
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
[2020-05-05 18:49:02]
Luke - Posts: 142
I switched from CQG to Denali with TT routing. Amp told me that commissions would be the same. Before it was 0.78 per roundturn for the MYM. I executed a test trade, 1 roundturn, and checked the statement, they are charging 0.58 per roundturn, together with the 0.20 TT routing fee that I am paying through SC it would be the same as before, 0.78 per roundturn.
But they are also charging an additional 0.60 per roundturn (abrevation TT-W TRF in the statement) which seems to normally be the fee for trading through the TT trading platform (Amp cost calculator: https://portal.ampclearing.com/account/commissionQuote.aspx), and this should not be charged if trading through SC and not the TT platform.

Exchange fee 0.4
NFA 0.04
Clearing TTnet 0.10
TT-W TRF 0.60
commission 0.04
TT order routing (paid through SC account) 0.20
imageAmp fees.jpg / V - Attached On 2020-05-05 18:42:21 UTC - Size: 98.48 KB - 433 views
[2020-05-05 19:09:04]
Luke - Posts: 142
Ok, I just found this, it should clarify things:

https://support.ampglobal.com/hc/en-us/articles/360042515233-Sierra-Chart-Denali-Data-Feed-Trading-Technologies-TT-Trade-Routing-Pricing-Setup-Guide

It says this it what you should pay:

SC TT Order Routing: 0.10 USD/side per contract + standard trading fees (Commissions, Clearing, Exchange, NFA)

So definitely no extra 0.60 TT platform fee per roundturn
[2020-05-05 19:24:55]
User472511 - Posts: 19
Contact their support and they will refund you the TT-W TRF. They erroneously charged me these in the past. You may have to send an e-mail to an additional contact, but support can get you started with that.
[2020-05-05 19:37:50]
Luke - Posts: 142
Ok thanks, I sent a message to fees@ampclearing.com, I hope they take care of it. I tried calling them and contacted them through the online chat platform, but they said they need an email...

Update: they refunded the 0.60, so I can confirm, all-in fees should be the same as with SC/CQG for all contracts
Date Time Of Last Edit: 2020-05-06 11:19:40
[2020-10-20 12:53:31]
JStrizz - Posts: 9
Hate to necro this thread, but apparently this is still an issue with AMP.
I recently set myself up with the Denali feed + SC routing and have found myself with a nice TT-W TRF fee. I contacted their live chat, and have been instructed to contact their 'fees@ampclearing.com' department as well.
Pretty absurd that this issue still exists 5 months later (as the default setting) and it's on the client's responsibility to recognize that they're being charged more on AMP's side.

Hopefully this gets resolved. Everything else on Sierra's end is a dream. If it doesn't get resolved I'll switch brokers
[2020-11-18 17:38:02]
User724532 - Posts: 8
Yes, above (#58) is still an issue with AMP. I contacted them and they will refund tt-w trf fees.
[2020-12-18 21:34:13]
User287830 - Posts: 9
This is still an issue.

Do you have a preferred broker? as this is ridiculous on AMP's part.

See attached from my statement dated 12/17/20
imageAMP.PNG / V - Attached On 2020-12-18 21:32:48 UTC - Size: 4.22 KB - 359 views
[2020-12-19 06:47:58]
Sierra Chart Engineering - Posts: 104368
Do we need to create our own clearing firm to get this matter resolved. We will look into that.

Anyway, the first step is for us to get our CME order routing released. To what extent that helps with that, we will see. And the next step, is our own exchange.

For now please contact Dorman:
https://www.dormantrading.com/

They do support the Sierra Chart Order Routing Service and we do support through them to have order fill fees billed to your trading account.

Also we do not have a preferred broker. We leave that to users to make their own choices.
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: 2020-12-19 06:48:48
[2021-01-05 08:42:03]
tobi - Posts: 351
I can confirm, that after changing from AMP CQG to SC TT order routing the total fees are still the same.
Attached are the fees for a 1 contract Micro-NQ trade.
imagefees.png / V - Attached On 2021-01-05 08:41:10 UTC - Size: 124.48 KB - 384 views
[2021-01-05 09:45:01]
Sierra Chart Engineering - Posts: 104368
Good.
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

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