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Date/Time: Fri, 29 Mar 2024 10:21:38 +0000



Logging into live trading account once a month for reduced CME fees

View Count: 913

[2021-03-01 12:45:01]
User798274 - Posts: 14
I don't have a live account that I could log into every month. Is there another way to prevent paying the professional fees. Also, creating a live account for Sierra Chart would mean I'd have to pay $20 twice (for Sierra) + CME Bundle twice every month, right?
[2021-03-01 17:31:35]
John - SC Support - Posts: 30444
There is no other way to prevent paying the Professional fees. You have to have a funded futures trading account per the CME Group.

You can look into the following option, which does create a trading account, but at a minimum outlay:
Easy Solution to CME Funded Trading Account Requirement

We do not know what you mean by having to pay twice for the data. If you move to Package 11, then you would only be paying an additional $10.00 USD per month for the Data Feed itself and then the exchange fees are in addition to that.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-03-01 20:18:03]
User798274 - Posts: 14
Can I switch to Package 11 right now even though I paid for Package 5 for a whole year already and what would be the benefits? Isn't Package 11 the same as Package 5 + Denali Feed?
[2021-03-01 21:32:55]
John - SC Support - Posts: 30444
Yes, you can switch to Package 11 at any time. The only difference between Package 5 and Package 11 is that Package 11 includes the Denali Exchange Data Feed Fee. You would still need to pay for the Exchange Fees separately on a monthly basis.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-03-07 20:45:51]
User798274 - Posts: 14
Am I saving money by switching from Package 5 (+Denali) to Package 11?
[2021-03-08 16:17:30]
John - SC Support - Posts: 30444
Am I saving money by switching from Package 5 (+Denali) to Package 11?

Yes, you save $10.00 USD per month by using Package 11 instead of activating the Denali Data Feed separately.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-03-12 17:17:03]
User798274 - Posts: 14
What do you mean by saying
If you move to Package 11, then you would only be paying an additional $10.00 USD per month for the Data Feed itself and then the exchange fees are in addition to that.

My issue is I don't see the point of paying for the CME Bundle through Sierra if I have to pay it on my AMP Acount anyway to get the real live data. So I am basically paying twice for it through Sierra and through AMP. Wouldn't it make more sense for me just paying on AMP and than connect the AMP CQG Feed to my Sierra through a second instance?
[2021-03-12 17:38:24]
John - SC Support - Posts: 30444
You should not pay for the data twice. We agree. We certainly recommend the Denali Exchange Data Feed, as we have much more historical data available than what you will get with CQG and since it is our data feed, we have better control over it. Additionally, you have been getting the EUREX data from us for awhile now. Therefore, you should ensure that AMP is not charging you for CQG data.

But, you can use the CQG data if you want. You would then need to discontinue the Denali Exchange Data Feed. You would do this following these insructions:
https://www.sierrachart.com/index.php?page=doc/DenaliExchangeDataFeed.php#CancellingTheDenaliExchangeDataFeed_Package10_11_12
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-03-12 18:18:13]
User798274 - Posts: 14
I honestly would prefer using your data but I just can't get AMP not to charge me for CQG the standard $30 (for CME Bundle) where I would just want to log in once a month to get your real time data. Is there a way to do that and how much would AMP charge me? You said something about $10 monthly then the exchange fees are in addition. Can you please explain what you meant by that?
[2021-03-12 22:45:54]
John - SC Support - Posts: 30444
We do not know why AMP will not allow you to not get the data from CQG. That is odd. It is definitely the case that in the US it is possible to do this. Perhaps since you are in Germany they handle it differently.

If you are not able to get around this, then we do not know what else to ask AMP in order to find a way around this issue. Right now, CQG is the only way to use Sierra Chart with AMP.

You said something about $10 monthly then the exchange fees are in addition. Can you please explain what you meant by that?

There are two components to the pricing for the Denali Exchange Data Feed. There is the cost of the data feed itself, which is $10.00 USD per month and is incorporated in the package pricing by using Package 10, 11, or 12.

Then there is the cost for the exchanges themselves. For instance, $31.20 USD per month for the Full CME Group with Market Depth.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-03-15 03:43:04]
Sierra Chart Engineering - Posts: 104368
I honestly would prefer using your data but I just can't get AMP not to charge me for CQG the standard $30 (for CME Bundle)
Tell AMP you want CQG for order routing only. And cancel all market data exchange fees.

They will be familiar with this.
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: 2021-03-15 03:43:11

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