Thanks for that information. Some say AMP's offerings, when they get around to it, will be decidedly less expensive than those of Advantage. And they may offer both Standard and Pro versions. But we'll need to wait and see.
If you trade spreads AMP is not for you and advantage is just as cheap and more professional if you trade above a hobby I suggest advantage
Hey guys, Just wanted to clarify a couple things. Regarding pricing, you can find the information for all our products on our website, but here are the specifics for the new platform: TT Standard: $0.30/side with a cap of $1000 ($50 minimum) TT Pro: $0.30/side with a cap of $1800 ($400 minimum) However, if you think you’re going to cap out frequently, you can lock in significantly lower rates if you sign up for a subscription plan. There are two important pricing-related points in this thread I’d like to address. First, yes the net cost to our end users will be lower than with X_TRADER. This is because there is no infrastructure for the FCM to manage or pay hosting fees for (these fees end up being amortized to the end users resulting in much higher screen prices than we charge). But the more important point is there should be no cost difference between FCMs, because for the first time you have the option of paying TT directly for your software. The price you see on our site is the price you’ll pay, period (unless of course you sign up for a subscription, in which case it will be lower). Of course, if you prefer to pay your FCM for your software, that’s still an option, but by going direct to us, no FCM should be cheaper or more expensive than any other. Regarding TT being “better” than X_TRADER, as well as cheaper, it's important you know that we are delivering TT iteratively meaning that there are still quite a few features you may rely on in X_TRADER that aren't yet available. The free demo should help you keep track of what's new in terms of features and functionality to assess the point where TT eclipses whatever you need in your particular situation. I hope that helps! Drew
I am interested in the new TT platform, but not sure what is the fee structure if I open a TT USER account directly with TT. What is the fee structure if I open a TT USER account directly with TT? Has anyone done that already? What is the advantage to open an USER TT account directly with TT (instead of with FCM)?
Can you help me to clarify the following: I went to following two web-pages. I saw two inconsistent fee structures. (1) https://www.tradingtechnologies.com/platforms/pricing/ In this page, user does not need to pay Market Access Provider Fees. (2) https://www.tradingtechnologies.com/platforms/pricing/ttcontractpricing/ In this page, user does needs to pay Market Access Provider Fees which are $3,000 per market per month. This is very expensive. What is Market Access Provider Fees? Which fee structure is correct? Why they are different? If I open a TT USER account with FCM directly, do I need to pay "Market Access Provider Fees"? If I open a TT USER account with TT directly, do I need to pay "Market Access Provider Fees"? What are the advantages to open TT USER account directly with TT? Can I open a TT USER account directly with TT to trade CME products without a need to pay "Market Access Provider Fees"?
Hello @etvisitor. If you establish your own company within the TT platform, you may easily route orders through multiple FCMs. You will of course still need to obtain order routing credentials from each FCM that you wish to engage in business but you will not be "locked" down to a single broker while trading with a single instance of the TT platform. If you trade through a single FCM, should you opt to leave that FCM for another one, your proprietary information, ie. workspace, Autospreader configurations, etc. will transfer with you to your new broker. Pricing information is available on our website: https://www.tradingtechnologies.com/platforms/pricing/
I am confused now. Assuming there are following 5 accounts: (1) Accoutt-1 with FCM-1 (owned by myself) (2) Account-2 with FCM-2 (owned by my LLC) (3) Account-3 with FCM-3 (owned by my wife) (4) Account-4 with FCM-4 (owned by my friend) (5) Account-5 with FCM-5 (owned by my client) Further assuming: (6) I have POA for all of above 5 accounts. (7) All of FCMs above can support TT already. (8) I open a TT USER account with FCM-1. Can all of above 5 FCMs LINK such 5 accounts to my TT USER account with FCM-1? If I login my TT USER account with FCM-1, can I trade all of above 5 accounts?
I am confused. If I establish my own company within the TT platform, do I still have to pay the Market Access Provider Fees (monthly fee – $3,000 per market)? See https://www.tradingtechnologies.com/platforms/pricing/ttcontractpricing/