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Question: AMP Transaction Fees, TT versus CQG.

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[2020-01-19 00:05:54] #25 [Go To First Post]
seandunaway - Posts: 213
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] #26 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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. 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: 2020-01-19 07:24:02

[2020-01-19 09:49:31] #27 [Go To First Post]
User76183 - Posts: 68
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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[2020-02-27 00:52:21] #28 [Go To First Post]
User831766 - Posts: 7
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] #29 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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. 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: 2020-02-27 08:36:06

[2020-02-27 08:39:53] #30 [Go To First Post]
User831766 - Posts: 7
Understood. Thank you for the expeditious response and information.

[2020-03-13 03:44:59] #31 [Go To First Post]
User726340 - Posts: 30
Hi, is the dorman + .10 direct billing available now? thanks.

[2020-03-14 13:40:40] #32 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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. 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

[2020-03-15 02:13:41] #33 [Go To First Post]
User726340 - Posts: 30
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] #34 [Go To First Post]
@TRADE_YOUR_PLAN - Posts: 126
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] #35 [Go To First Post]
User726340 - Posts: 30
"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] #36 [Go To First Post]
@TRADE_YOUR_PLAN - Posts: 126
It is 3.7 round trip, all billed through AMP.

[2020-03-15 13:08:20] #37 [Go To First Post]
Woodzy - Posts: 30
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] #38 [Go To First Post]
@TRADE_YOUR_PLAN - Posts: 126
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] #39 [Go To First Post]
User752471 - Posts: 14
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] #40 [Go To First Post]
User516084 - Posts: 10
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] #41 [Go To First Post]
ejtrader - Posts: 688
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] #42 [Go To First Post]
User187858 - Posts: 12
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] #43 [Go To First Post]
ejtrader - Posts: 688
Can any one confirm the clearing fee for CQG/Rithmic through AMP?

[2020-04-07 14:38:15] #44 [Go To First Post]
red23 - Posts: 38
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] #45 [Go To First Post]
@TRADE_YOUR_PLAN - Posts: 126
#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] #46 [Go To First Post]
User737758 - Posts: 7
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


AMP_ES & MES rates.JPG / V - Attached On 2020-04-08 07:51:20 UTC - Size: 29.62 KB - 447 views detailed fees breakdown for AMP's CQG or SC-TT.txt - Attached On 2020-04-08 08:03:13 UTC - Size: 635 B - 366 views Attachment Deleted.

[2020-04-27 23:42:15] #47 [Go To First Post]
User752471 - Posts: 14
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] #48 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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. 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

[2020-04-28 21:08:11] #49 [Go To First Post]
adamsid - Posts: 7
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] #50 [Go To First Post]
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

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