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Date/Time: Thu, 24 Sep 2020 09:28:17 +0000



Question: AMP Transaction Fees, TT versus CQG.

[2020-01-15 08:10:05]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
When we have recommended using the Sierra Chart Order routing service which utilizes TT (Trading Technologies) trading accounts, it was with our understanding that the transaction fees that an AMP customer pays does not change if they are moving from CQG. And you will actually save if you are moving from Rithmic or CTS. Coming from CQG the commissions would be the same, the exchange fees would be the same, and the per contract fee remains at .10.

The only additional cost is the Denali data feed for CME group data at 20 USD per month extra. And as we get more users we will see how we can adjust that cost but Sierra Chart is also providing considerably more data access than CQG for this price.

We have heard from some users that there is an additional transaction fee when using TT. That fee is not being billed by TT to AMP because we pay TT for transaction fees.

So we want to know if there are any additional transaction fees when using AMP for TT order routing versus CQG.

And there is a major advantage to use the Sierra Chart TT order routing versus CQG for CME group markets:

-Permanent storage on the server of order fill history to create long-term, complete and accurate and consistently stable trading statistics and profit/loss calculations.

-Web-based trading panel which can also be used by a mobile phone (available now). No additional cost and connect as many times as you want to it without having to disconnect Sierra Chart.

-Server managed bracket orders for safety and speed.


Now if you are trading other markets like EUREX or other exchanges CQG is fine. We are only going to recommend what we think is the best solution for CME/CBOT/NYMEX/COMEX group trading.
Sierra Chart Support - Engineering Level

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Date Time Of Last Edit: 2020-01-16 06:11:43
[2020-01-15 09:03:23]
binaryduke - Posts: 249 | Ending Date: 2020-09-30
Attached is the fee breakdown from my AMP account that uses TT routing for 2 round trips on CL. You will see a line item for CLEARING TTNET. I have queried this previously with AMP and been advised that this is a separate item to order routing. I have in the past been erroneously charged for TT routing (circa $0.60 per contract) in addition to this clearing line item.

Of course, if the CLEARING TTNET line item should not be there it would be good to know so that this can be reclaimed from AMP...

Hope this helps.
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[2020-01-15 09:17:48]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
This was not our understanding there would be an additional fee. Why would we be recommending the solution, when there is a $0.50 per side contract fee. It makes no sense.

We do not understand the basis of this. And we are not happy about this at all.

We are specifically telling users there are no fees from TT to the clearing firm but this makes it look like there is some TT fee. There just is not.

Our fee from TT is .05 per contract per side. We then add .05 ourselves. This is all the cost there is. This is what made this an attractive solution.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-01-15 09:19:27
[2020-01-15 09:22:22]
binaryduke - Posts: 249 | Ending Date: 2020-09-30
Could I ask that you get a clear/definitive statement from AMP about this please and share their explanation? My experience of their help has been mixed - there are some excellent and knowledgable support people there but also some total wastes of space. I'd hope that you have a better and more consistent connection into their commercial team. With that, if there are charges on (our) accounts that should not be there, we'll be able to seek redress in an informed way. Thanks.
[2020-01-15 09:25:33]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Yes we will discuss this with AMP. We really had no idea until recently about this fee.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-01-15 09:30:43]
binaryduke - Posts: 249 | Ending Date: 2020-09-30
If this is of any help, attached here is a view of Rithmic charges from AMP (24 micro contract round trips). You will see there is still a line item for clearing that is separate from order routing (RITHMIC TRF), exchange fees, NFA fees and broker commissions.
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Attachment Deleted.
[2020-01-15 09:33:19]
binaryduke - Posts: 249 | Ending Date: 2020-09-30
To post #5, I suspect that the issue is lack of clarity (not only from AMP - this is common to most brokers) on the breakdown of costs per round trip. Commissions are the headline fees promoted by brokers. Exchange and NFA is the same anywhere. Routing fees relate to the data service provision and has been the point you are making - certainly the SC/TT routing is more attractive than the Rithmic routing fees. The 'new' information comes from 'clearing fees' that seem to vary based upon the routing provider.
Date Time Of Last Edit: 2020-01-15 09:43:20
[2020-01-15 09:42:18]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
In regards to post #6, we calculate you traded 46 contracts and at .25 USD per contract billed by Rithmic, the Rithmic transaction fee makes sense.

In the case of TT there is no cost to AMP for TT routing. Nothing additional. Certainly they have to pay TT for what is called Map fees. But that is fixed at something like 5000 a month for the CME group. And they have that cost no matter how many users are on TT.

This Clearing TT Fee is double Rithmic and then you have the .10 on top of it. This is not making any sense.
Sierra Chart Support - Engineering Level

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[2020-01-15 20:38:26]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Deducing the number of contracts traded from the NFA fee (.02/contract), previously on Rithmic you are paying .31 between commissions and transaction fees, excluding NFA and exchange fees, and now with TT you are paying .75.

And that is excluding the .10 we charge you directly. Are the calculations we have correct?

The .31 does not seem correct. If .25 goes to Rithmic that means AMP is only getting .06? That does not make sense to us.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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Date Time Of Last Edit: 2020-01-15 20:39:25
[2020-01-15 20:56:15]
nosast - Posts: 178 | Ending Date: 2020-09-30
My statement shows correct fees, at least for trading ES.

In the attachement I traded 3 round turns.
Date Time Of Last Edit: 2020-01-15 20:56:31
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[2020-01-15 20:59:52]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Same thing as posted by binaryduke. So is it your understanding you should be paying a .75 commission to AMP per contract per side? Now this is excluding NFA and exchange fees. We have thought it should be more like .50.

And also excluding the .10 order routing fee that we include.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-01-15 21:00:12
[2020-01-15 21:06:30]
nosast - Posts: 178 | Ending Date: 2020-09-30
It's what is shown in AMPs commission calculator for TT. A roundturn costs 3.90 and if I add 0.20 for SC/TT routing a roundturn in total is 4.10. I traded 3 rt so the cost is 12.30 - all good at least for the total sum.
[2020-01-15 21:08:54]
nosast - Posts: 178 | Ending Date: 2020-09-30
Also, if you deposit 10k with AMP you can get the cost down to 3.60 incl. routing fees for ES.

Here is their calculator for reference: https://application.ampclearing.com/account/commissionquote.aspx
Date Time Of Last Edit: 2020-01-15 21:14:56
[2020-01-15 21:19:26]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Going through the commission calculator, it does not support the TT order routing solution that we offer. It shows a per contract fee of .30.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-01-15 21:22:03]
nosast - Posts: 178 | Ending Date: 2020-09-30
Right. Just select TT and no platform and then add your 0.20.

It would be nice if AMP can show the pricing with TT/SC Routing on their calculator for sure!
[2020-01-16 03:08:47]
User13668 - Posts: 250 | Ending Date: 2020-09-30
Slight divergence from current discussion:

Re post #1 and this comment:

"And there is a major advantage to use the Sierra Chart TT order routing versus CQG for CME group markets:

-Permanent storage on the server of order fill history to create long-term, complete and accurate and consistently stable trading statistics and profit/loss calculations.

-Web-based trading panel which can also be used by a mobile phone(available now)

-Server managed bracket orders for safety and speed."

FYI CQG does have a web based/mobile phone app trading panel. The only downside is you can only be logged into CQG on one device at a time. So to use/access CQG on their mobile phone app a trader would have to close their CQG connection in SC first (unless you pay an extra monthly fee for an additional login).

Even without being logged into the CQG mobile phone app, I still get alerts from the CQG app on my phone every time an order is filled when I am trading on SC using CQG data. If I want to really really confirm I am flat, I disconnect the CQG connection in SC and then open the CQG mobile phone app (or web page via a browser).
[2020-01-16 06:10:55]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05

FYI CQG does have a web based/mobile phone app trading panel. The only downside is you can only be logged into CQG on one device at a time. So to use/access CQG on their mobile phone app a trader would have to close their CQG connection in SC first (unless you pay an extra monthly fee for an additional login).
Yes we know about this, but like you said you cannot be logged in at the same time as Sierra Chart. Additionally unless you are with AMP this is a $25 cost to access this web-based trading panel from CQG.

Sierra Chart also supports alerts as well:
https://www.sierrachart.com/index.php?page=doc/GlobalTradeSettings.html#GeneralTradeSettings_PlayAlertWhenOrderFilled

Now these are generated from within Sierra Chart but we could generate them from the server and this is gradually the direction we are going in with a unified order routing architecture.

And the server-side bracket orders is an absolutely monumental essential item. If you are with AMP there is no reason to be using CQG, if you are just trading the CME markets, and you are taking your trading seriously.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-01-16 06:14:58
[2020-01-16 06:25:19]
User893209 - Posts: 2 | Ending Date: 2020-06-29 [Expired]
Yep there’s a Clearing TTNet fee of 0.50 / 0.10 per side (mini / micro) and according to AMP it’s regardless of the data feed used.
[2020-01-16 06:30:03]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
But what we want definitive validation of, is when someone moves from CQG to TT, whether the overall transaction fees remain the same.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-01-17 16:41:46]
User136422 - Posts: 33 | Ending Date: 2021-03-30
Any news on this ?
[2020-01-18 07:46:28]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
If post #20 is asking about post #19, we are still waiting to hear from someone about this who has moved from CQG to Sierra Chart/TT.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-01-18 21:10:48]
User187858 - Posts: 10 | Ending Date: 2020-06-30 [Expired]
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.
[2020-01-18 21:22:08]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Ok, but can you show us what you were charged previously when using CQG. We will make sure the fees remain the same. We will insist upon this.

There are many good things coming with the TT based order routing. Next month we are going to do a direct cross connect to TT in the Aurora data center to ensure perfectly stable connectivity, under all conditions. We have not had a problem yet, but we just want to safeguard against any future potential problems.

We are also going to add daily loss limit functionality.

And expand our data feed offerings on Denali to cover more exchanges and hopefully be able to include exchanges like JPX futures and US stocks with market depth. Regarding the data feeds, this is a difficult area, and we do not know what the outcome will be but we should have a good sense of this, over the next 60 to 90 days. So this should only be understood as a statement of intention with no guarantees.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-01-18 21:34:10
[2020-01-18 21:35:36]
User187858 - Posts: 10 | Ending Date: 2020-06-30 [Expired]
attached are two screen shots of some daily statements. one from CQG one from my recent billing with Clearing TTnet & SC TT TRF
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[2020-01-19 00:05:54]
seandunaway - Posts: 145 | Ending Date: 2021-07-10
It's very common for a broker to charge an additional "clearing fee" or "brokerage fee" in addition to their commission fee. This is additional profit for the broker and a result of brokers in a race to advertise the lowest commission. The reality is they just split their true commission into two fees. This additional fee can almost always be negotiated out, depending on your trading and risk activity. Yes, their FCM will charge them literally a couple pennies for clearing, but that can be covered out of their commission.

CQG does not inherently have this additional clearing or brokerage fee. Any exchange non-member, with a new account, with the minimum deposit requirement, should near effortlessly be able to achieve an /ES trade for:

$1.18 exchange (increases by $0.05 in 2/2020, by the way)
$0.02 NFA
$0.49 - $0.50 commission (volume discounts typically available, negotiable)
$0.10 CQG routing fee (only $0.05 CQG routing fee if using FIX)
for $1.79 per side or $3.58 per round turn expense all in.


Alas, perhaps TT is more expensive to the FCM and that is being passed on to the broker and ultimately, the customer.
Date Time Of Last Edit: 2020-01-19 00:39:29
[2020-01-19 07:22:58]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
We do not believe TT is any more expensive to AMP because there should not be additional TT fees to them with this order routing service. If there is any increase in TT Map fees, there is a cap at 5000 USD per month for those and AMP should have already been paying that amount previously and currently with what they pay TT.


So we do not see why TT would be more to the individual user in regards to fees.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-01-19 07:24:02
[2020-01-19 09:49:31]
User76183 - Posts: 43 | Ending Date: 2021-04-07
Just to compare.
17 RT traded ES on TT desktop platform with AMP without any Sierra Charts services:
1 RT ES Contract:
-2.36-Exchange fee
-0.04-NFA
--1.00- Clearing TT.
In total $3.40 RT.
Of course for TT platform it should be separate fee paid $50/MO minimum
Date Time Of Last Edit: 2020-01-19 09:58:27
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Attachment Deleted.
[2020-02-27 00:52:21]
User831766 - Posts: 7 | Ending Date: 2020-03-13 [Expired]
Hello, I'm considering moving funds to AMP Global, but want to be sure they are actually honoring prices as stated in Sierra Charts explanations in previous responses. Basically, that for AMP users, the pricing is the same as CQG, plus the additional cost of the Denali TT order routing ($20). The above posts are disturbing (coupled with my experience of AMP's "technical" representative who did not correctly answer questions, nor did they understand the difference between OCO & Bracket orders).

Thank you!
[2020-02-27 08:34:30]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
We are told, whether you use CQG or TT order routing with Sierra Chart AMP there is no difference in transaction costs. But the information posted here does not seem to indicate this conclusively. Since we are not doing the billing we really do not know what to say.

You can have a look at Advantage Futures, and Dorman as well. We are just about ready to offer the .10 per contract per side TT transaction fee to be billed directly through a Dorman account rather than your Sierra Chart account. This should become available in about a week.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2020-02-27 08:36:06
[2020-02-27 08:39:53]
User831766 - Posts: 7 | Ending Date: 2020-03-13 [Expired]
Understood. Thank you for the expeditious response and information.
[2020-03-13 03:44:59]
User726340 - Posts: 8 | Ending Date: 2021-07-08
Hi, is the dorman + .10 direct billing available now? thanks.
[2020-03-14 13:40:40]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
Not quite yet. We will make this available next week.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-03-15 02:13:41]
User726340 - Posts: 8 | Ending Date: 2021-07-08
i found out from AMP, if you are under flat rate and choose TT with Sierra Routing, they only charge what they show in their calculator.
In below link, pick TT, leave platform empty. For eg: for ES roundtrip currently is $3.50 (+ .20 charged by Sierra separately). AMP statement only shows $3.50 per one ES contract roundtrip.
https://portal.ampclearing.com/account/commissionquote.aspx

Can SierraChart get AMP to do direct billing for the $0.10 per side too?, so everything comes out of AMP.
[2020-03-15 02:21:58]
User505640 - Posts: 38 | Ending Date: 2020-09-30
I use AMP and when you fund your account, you have the option to select Denali + TT order routing. The price is exactly equivalent to selecting CQG in the All-In calculator you linked. Flat rate is 3.7 round trip for ES, confirmed.
[2020-03-15 04:17:31]
User726340 - Posts: 8 | Ending Date: 2021-07-08
"Flat rate is 3.7 round trip for ES, confirmed."

Does SierraChart charge you $.20 per roundtrip, or is this included in AMP $3.7 ?
[2020-03-15 04:31:03]
User505640 - Posts: 38 | Ending Date: 2020-09-30
It is 3.7 round trip, all billed through AMP.
[2020-03-15 13:08:20]
Woodzy - Posts: 17 | Ending Date: 2020-10-29
So have AMP dropped the Clearing TTnet fee in the last month? I set up the Sierra Routing with Denali data in February and was getting charged Clearing TTnet $1.00 per round turn for each contract by AMP, as well as the $0.10 per side via Sierra. I would consider going back if this is no longer the case.
[2020-03-15 16:30:39]
User505640 - Posts: 38 | Ending Date: 2020-09-30
I'm not charged $1 TTnet per RT. There are TTnet fees, but when adding all fees & commission and dividing by number of contracts, it is equivalent to using CQG for data and routing, i.e., $3.7 RT all-in. Determining this is the purpose of this thread.
[2020-03-16 16:50:15]
User752471 - Posts: 9 | Ending Date: 2020-09-30
I'm with post #37, last time I was on the TT order routing through SC the RT cost for ES mini was around $4.20 (0.20 of the to SC for order routing) whereas CQG was at $3.60. If they are similar nowadays I would have no issue jumping over to the TT route.
[2020-04-01 17:50:41]
User516084 - Posts: 4 | Ending Date: 2020-10-01
I recently switched to AMP and am looking for clarification on using TT vs CQG.
From #1... Web-based trading panel which can also be used by a mobile phone (available now). No additional cost and connect as many times as you want to it without having to disconnect Sierra Chart.

Speaking with AMP, they didn’t have any knowledge of this. Can I get some more info. I would jump at the opportunity to switch to Denali for the full market depth if I can also access from my phone in a pinch
[2020-04-07 04:41:42]
ejtrader - Posts: 599 | Ending Date: 2021-04-19
Wondering any one trading with AMP/Sierra TT - Is TT Net charge of $1 / RT - Common? Any one here - where it's not being charged?

It's called "Clearing TTnet" - $1/RT

My assumption - broker shouldn't be charging this fee as the order routing is handled by Sierra Order Routing service.


User505640 [Direct Messages] - Posts: 3 | Ending Date: 2020-04-30
I'm not charged $1 TTnet per RT. There are TTnet fees, but when adding all fees & commission and dividing by number of contracts, it is equivalent to using CQG for data and routing, i.e., $3.7 RT all-in. Determining this is the purpose of this thread.
@User505640 - You don't see the line entry - "Clearing TTnet" in your charges?
Date Time Of Last Edit: 2020-04-07 04:44:14
[2020-04-07 13:10:48]
User187858 - Posts: 10 | Ending Date: 2020-06-30 [Expired]
AMP does and will continue charging for clearing because AMP is not a clearing Firm. AMP clears Via GH Financials.
The only way ANY brokerage will not charge for Clearing trades is if they, The brokerage clears their clients trades. not Via a third party. For example Advantage Futures is a brokerage and a clearing firm that way they remove the clearing Fee.
[2020-04-07 14:23:04]
ejtrader - Posts: 599 | Ending Date: 2021-04-19
Can any one confirm the clearing fee for CQG/Rithmic through AMP?
[2020-04-07 14:38:15]
red23 - Posts: 34 | Ending Date: 2021-01-07
AMP just told me this

"Sierra Chart charges a 0.10/side per contract fee. They are not clearing your trades through the exchange.

AMP charges a clearing fee. No matter what datafeed you use at AMP, you will be charged the clearing fee for clearing your trades. It is a completely separate charge.

They charge .35 per side for "clearing fee"
[2020-04-07 19:32:32]
User505640 - Posts: 38 | Ending Date: 2020-09-30
#42, strange info. "AMP Global Clearing" Look at the CFTC's official financial data for FCM's. https://www.cftc.gov/sites/default/files/2020-02/01-%20FCM%20Webpage%20Update%20-%20February%202020.pdf

In terms of per side charges, I can 100% state I'm given the SAME rate as if I were to use the All-In Cost Calculator https://portal.ampclearing.com/account/commissionquote.aspx and select:

1. Flat Rate
2. CQG
3. Sierra Chart

For those of you trying to pick apart each aspect of the billing, I think you may be confusing yourself a bit. I'm unsubscribing from the thread so any questions will go unanswered.
[2020-04-08 08:00:30]
User737758 - Posts: 7 | Ending Date: 2021-09-14
edited as my typed in-line text alignment is a mess.

I am sure of Columns 1&4, but unsure of breakdowns for Columns 2&3. Pls edit for corrections. Thank you.
Date Time Of Last Edit: 2020-04-08 08:04:06
imageAMP_ES & MES rates.JPG / V - Attached On 2020-04-08 07:51:20 UTC - Size: 29.62 KB - 134 views
attachmentdetailed fees breakdown for AMP's CQG or SC-TT.txt - Attached On 2020-04-08 08:03:13 UTC - Size: 635 B - 97 views
Attachment Deleted.
[2020-04-27 23:42:15]
User752471 - Posts: 9 | Ending Date: 2020-09-30
When we have recommended using the Sierra Chart Order routing service which utilizes TT (Trading Technologies) trading accounts, it was with our understanding that the transaction fees that an AMP customer pays does not change if they are moving from CQG. And you will actually save if you are moving from Rithmic or CTS. Coming from CQG the commissions would be the same, the exchange fees would be the same, and the per contract fee remains at .10.

Switched over from CQG to Sierra Chart Order Routing (via TT-fix) in April and can confirm that the RT commission charged is more on the Sierra Chart TT-fix than using CQG order routing.

The RT commission on 1 ES mini contract on CQG is $3.70 whereas on the TT-fix it is $4.10 (all billed through AMP).

Any plans in the pipeline to get this commission lowered to match that of CQG order routing? Thanks
[2020-04-28 08:33:56]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
We are sending this over to AMP management to see what they say about it.
Sierra Chart Support - Engineering Level

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

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-04-28 21:08:11]
adamsid - Posts: 7 | Ending Date: 2020-06-11 [Expired]
Hi All

Is there any clarity to this issue? I have just opened an account with AMP and are considering CQG vs. the SC/TT route.

The volume tiered calculator on AMP's website indicates US$ 2.10 per e-mini contract on CQG and US$ 2 on TT. The calculator is supposed to be "all in" so are these the full prices or is there additional SC element on the TT side?

Many thanks!
[2020-04-28 23:52:56]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
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. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-04-29 06:27:26]
adamsid - Posts: 7 | Ending Date: 2020-06-11 [Expired]
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: 9 | Ending Date: 2020-09-30
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 $0.02! Thanks for all that you guys do!
[2020-04-29 23:47:28]
Sierra Chart Engineering - Posts: 89860 | Ending Date: 2021-04-05
If I go with your recommended option, they'll open an account with Trading Technologies for me. The US$ 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. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-05-05 18:49:02]
Luke - Posts: 112 | Ending Date: 2021-06-07
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 - 68 views
[2020-05-05 19:09:04]
Luke - Posts: 112 | Ending Date: 2021-06-07
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: 13 | Ending Date: 2020-09-30
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: 112 | Ending Date: 2021-06-07
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

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