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Direct MessagesDate/Time: Tue, 23 Apr 2024 19:40:51 +0000
About Denali feed and meeting CME market data non-professional requirement
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| [2021-10-01 14:46:04] |
| User727860 - Posts: 3 |
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I had a 1-year subscription which expired last month and I am considering to renew the subcription but I have a few questions. I've read the documentation in the Easy Solution to CME Funded Trading Account Requirement thoroughly but it seems that the requirement about setting up an account with AMP to meet the CME market data non-professional requirement has changed slightly and so I'm still a bit confused. When using the Denali feed, one way to meet the CME market data non-professional requirement and pay the lower priced non-professional exchange fees is to have a funded futures trading account with a trading platform that SC supports and I've to connect to the trading account once a month and for the rest of the month I can just set the Data/Trade Service Settings back to SC Data - All Services. This part is clear. However, I want to make sure that I understand the info provided in your Easy Solution to CME Funded Trading Account Requirement page clearly. 1. According to your info, if I use the Denali data feed and open an account at AMP with $100-$200, then it's adequate to meet the CME requirement and as well I don't have to connect to the AMP trading account once a month since SC is still able to verify that I have a funded futures trading account and it saves some hassles of having to connect to the trading service once a month and I can just set the Data/Trade Service Settings to SC Data - All Services at all times. But I think something changed since early or mid 2021 and is it true that this method won't work anymore and instead, after opening an account at AMP and if I don't necessarily trade using AMP, is it still a must that they also have to set up the CQG routing service for me and give me a CQG user name and password to enter into SC, and then I also need to set Data/Trade Service Settings to CQG WebAPI? 2. If AMP must set up the CQG routing for me, to meet the CME funded trading account requirement, do I need to set Data/Trade Service Settings to CQG WebAPI at all times, or at least connect to it once a month? Or can I still set Data/Trade Service Settings to SC Data - All Services at all times without the need to worry about remembering to connect to AMP or CQG at least once a month? |
| [2021-10-03 17:59:51] |
| John - SC Support - Posts: 31050 |
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1. You are correct, there has been a change recently to the AMP verification. We had built a "backdoor" verification method, but it was not working very well, as the particular setup required on the AMP side was not getting setup properly. Therefore, we have stopped that method and instead are requiring the connection to CQG. 2. If you go with AMP, then you will get setup with CQG for your order routing and then you will need to connect at least once a month to that CQG connection in order to verify the account. If you do not want to stay connected at all times to CQG, then you will need to do the connection at least once a month. The other option is to use Stage 5, which would set you up using the Sierra Chart Order Routing. Because of the nature of this connection, it does not require you to change anything once a month. We are able to automatically check your account each time you startup Sierra Chart and update your verification date based on this information. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-10-04 07:40:13] |
| User727860 - Posts: 3 |
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1. Thanks John for your reply. My subscription last year was 1 year in length and it expired around a month ago. I logged into my account and the option to subscribe for 1 year is no longer available in all the packages and the longest subscription is 6 months. Is the 1-year package with a bigger discount gone permanently or is it going to be available again later? 2. With AMP, you said about having a "backdoor" verification method to check if I have a funded trading account to meet the CME requirements and I think you were referring to using the "AMP Trading Account Verification" option after logging in through the Account Control Panel. You pointed out that recently this verification method no longer works and so I need AMP to set up the CQG routing service and then connect to CQG at least once a month. Will your backdoor verification method with AMP be fixed soon so that your subscribers can continue to have the convenience of not needing to remember to connect to the trading service once a month? 3. If the backdoor verification method with AMP won't be fixed and therefore I need to connect to CQG once a month, and if I don't necessarily trade with AMP, then setting up an account with AMP still has an advantage because the requirement to open an account with AMP is just $100-$200. I understand that I can open an account with Stage 5 while setting up the Sierra Order Routing Service. There are also 7 companies listed in your page below, some of which just offer routing service and some of them are just brokers. When using the Denali feed, if I just want to set up an account with a broker to meet the CME requirements, other then Stage 5 and AMP, from what you know, would you tell me which broker just requires a minimal account balance to set up an account with, for example, under $1000? Are there other brokers that you support and be able to verify about meeting CME requirements when connecting once a month but are not listed in the link below? Real-Time Exchange Data Feeds Available From Sierra Chart: Integration with Trading Services |
| [2021-10-04 14:38:07] |
| John - SC Support - Posts: 31050 |
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1. The longest pre-paid option is 6 months. We can not say whether we will ever bring back the 1-year discount, but it certainly is not going to happen any time soon. 2. Yes, we were referring to the AMP Trading Account Verification. That particular method will not come back, but if/when AMP starts to use the new Sierra Chart CME Direct Order Routing, then that would create a scenario where you would not need to connect once a month, as we would know that you have the account through that method. 3. Honestly, we do not know what the funding requirements are for the various brokers. We just know that AMP and Stage 5 are willing to create accounts for $100-$200 since we have worked that out with them specifically. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-10-19 05:30:36] |
| User727860 - Posts: 3 |
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Hi John, after getting your reply around 2 weeks ago I've searched for more info to make sure that when I subscribe to your Denali data feed I'll get verified to meet the CME non-professional requirements without issue. The 1st link below is the info provided by CQG, listing out around 80 FCMs that it supports, while the 2nd link is the info provided by Rithmic, listing out 7 FCMs that it supports. Just want to ask a couple of questions here as I don't want to go through the whole process of opening an account with a FCM and then later find out that you couldn't verify that I have a trading account and not be able to meet the CME non-professional requirements. Your info and reply would be valuable to me because I am currently researching info about opening an account with the right FCM that suits me most and at the same time qualifies to meet the CME non-professional requirements. After opening an account with a suitable FCM I'll subscribe to your service again and then to your Denali data feed. https://www.cqg.com/partners/fcms https://yyy3.rithmic.com/?page_id=11 1. Is it correct to assume that if I open an account with any one of the 80 FCMs that CQG supports in the above link, or any one of the 7 FCMs that Rithmic supports, then when I subscribe to your Denali data feed, I can just connect to the FCM once a month by setting Data/Trade Service Settings to "CQG WebAPI" if the FCM that I'll open an account with is supported by CQG, or by setting Data/Trade Service Settings to "Rithmic Direct-DTC" if the FCM happens to be supported by Rithmic, then I am considered to be meeting the CME non-professional requirements? 2. Do I have to avoid opening an account with some of the FCMs in the CQG and Rithmic links above? For example, is there a possibility that, for some FCMs that are supported by CQG or Rithmic, even by setting Data/Trade Service Settings to "CQG WebAPI" or "Rithmic Direct-DTC" once a month, you still won't be able to verify that I have a trading account that meets the CME non-professional requirements? Date Time Of Last Edit: 2021-10-19 05:32:57
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| [2021-10-19 15:30:29] |
| John - SC Support - Posts: 31050 |
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1. You understand this correctly. 2. No, you do not need to worry about any specific FCMs. We connect directly to CQG or Rithmic, so as long as you have an account in good standing, as far as the order routing service is concerned, then you will be fine. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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