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Direct MessagesDate/Time: Thu, 02 May 2024 02:55:07 +0000
Sierra Chart Routing - How to Understand the Broker Fees?
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| [2020-02-18 11:10:12] |
| BlakJak - Posts: 108 |
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I am seriously considering switching to Sierra Chart order routing using TT, but I need to switch broker as my current broker does not support TT connections. Before making the switch, I would like to understand the fees. Take for example AMP. Using their commission portal https://portal.ampclearing.com/account/commissionquote.aspx and selecting the TT option, I see the commissions for E-Minis are 4.10 per round turn. As I am not using the NEW-TT W (web) platform and using the Sierra Chart platform, can I assume I have no other TT fees to pay? I will only pay the Sierra Chart order routing fee of 0.10c making it a total cost of 4.30 round turn? |
| [2020-02-18 17:57:28] |
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The only TT order routing fee that there is, is .10 per contract per side. We cannot say anything about other fees from AMP. But in general what you are saying does sound correct. But we recommend also checking with other clearing firms as well like Dorman, Advantage and Phillips Capital. 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: 2020-02-18 18:39:54
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| [2020-02-19 01:54:52] |
| BlakJak - Posts: 108 |
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Thanks. I checked out Phillips Capital but their fees are ridiculous @ USD12/side for futures. I will try others.
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| [2020-02-19 10:29:47] |
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Ok, this is interesting. We are quite sure we have heard that they are competitive.
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 |
| [2020-02-19 11:22:05] |
| BlakJak - Posts: 108 |
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I did contact the Singapore branch of Phillips Capital so perhaps that is what caused the problem. Perhaps I should go direct to the US side.
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| [2020-02-19 11:35:05] |
| User390455 - Posts: 56 |
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If I made no mistake is this entity you should contact (Phillip Capital Inc, Chicago) : https://www.phillipcapital.com/Futures-Trading-Platforms (You can see all info on CME Group site : https://www.cmegroup.com/partner-services/phillip-capital.html) [Phillip Capital Inc. is owned by the same individual investors as the PhilipCapital Group which was founded in 1975 in Singapore.] And not this one (The Singapoor entity) : https://www.phillip.com.sg/ Date Time Of Last Edit: 2020-02-19 11:43:24
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