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Date/Time: Mon, 04 Mar 2024 21:46:15 +0000



[User Discussion] - AMP/Teton commissions

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[2023-04-20 06:59:22]
Luke - Posts: 142
Does anyone know the commissions for Eminis/micros with AMP/Teton? The AMP all-in cost calculator does not include Teton yet. AMP customer support didnt know either...it should be same as CQG minus the 0.10 cents routing fee per side?
[2023-04-20 20:11:05]
User13668 - Posts: 291
That is my understanding
[2023-04-21 13:20:50]
gcUserStudies - Posts: 87

...it should be same as CQG minus the 0.10 cents routing fee per side?


This is what I'm seeing so far. Here is a before and after breakdown of MES. So mainly the difference is not having the CQG fees


CQG
MES
29 Trades (round trip):

TOTAL COMMISSION & FEES 35.96 DR
EXCHANGE 20.30 DR (.70)
NFA 1.16 DR (.04)
CLEARING. 7.54 DR (.26)
CQG TRF 5.80 DR (.20)
COMMISSION 1.16 DR (.04)

1.24 Per Trade (35.96 / 29)

Teton
MES
3 Trades (round trip):

TOTAL COMMISSION & FEES 3.12 DR
EXCHANGE 2.10 DR (.70)
NFA 0.12 DR (.04)
CLEARING TETON 0.78 DR (.26)
COMMISSION 0.12 DR (.04)

1.04 Per Trade (3.12 / 3)

[2023-08-19 22:54:08]
User370774 - Posts: 23
Just double checking, wasn't it stated that there are no clearing fees for Teton?
Because @gcUserStudies your statement shows "clearing Teton" -costs for AMP.

And here are my AMP numbers for 21 MNQ trades:

Exchange USD 14.70 DR
NFA USD 0.84 DR
Clearing Teton USD 5.46 DR
Commission USD 0.84 DR

Is that correct? I thought clearing was free?
Date Time Of Last Edit: 2023-08-19 22:59:28
[2023-08-20 18:34:02]
gcUserStudies - Posts: 87
Here are 12 ES trades. 4.20 round trip. Not sure what it would be without Teton.

TOTAL COMMISSION & FEES 50.40 DR
EXCHANGE 31.92 DR
NFA 0.48 DR
CLEARING TETON 12.00 DR
COMMISSION 6.00 DR
[2023-08-21 02:48:55]
Sierra_Chart Engineering - Posts: 13087
There are no fees for Teton order routing. AMP should not use that name in their billing.
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, use the Teton service:
Sierra Chart Teton Futures Order Routing
[2023-08-21 20:32:11]
User370774 - Posts: 23
I asked AMP why there is a clearing fee for Teton:

Their response:
-------
Sierra does not charge an order routing fee for Teton. What does this mean? CQG charges 0.10/contract per side. This fee is passed on to customers. On statements, it is listed as CQG TRF. There is no trade routing fee when trading through Teton. However, clearing is an AMP fee charged for clearing the trades. It is charged regardless of the provider that you are using. It is the same whether you are on CQG, Rithmic, TT or Teton. It is not tied to the trade routing service you use. 
-------
IS that accurate? I thought there is no clearing cost for them either?

And whether that is true or false, is this the same with other providers like Stage5 or Edge Clear?
Date Time Of Last Edit: 2023-08-21 21:54:45
[2023-08-22 04:31:35]
ertrader - Posts: 635
For stage 5/Advantage/Teton 8 MNQ contracts (round trip) from the statement.

COMMISSION 3.20DR

CLEARING FEES .80DR
EXCHANGE FEES 4.80DR
NFA FEES .32DR
TOTAL FEES 5.92DR

Total commission and fees: 9.12DR

1.14 Per Trade (9.12/8)
Date Time Of Last Edit: 2023-08-22 04:49:31
[2023-08-22 15:18:32]
John - SC Support - Posts: 29628
We asked AMP about why Teton is showing in the line item, and it is something they use internally to denote the clearing firm that was used for the account. The actual fee is not from us, it is a "Clearing Fee" that AMP applies.
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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