Question about AMP Futures fees

IIRC, they set you up automatically with CQG. That password they send to you to login to the live account is from CQQ. It might be a bit different now, but it's painless.

 

Anyone here using the Rithmic API with AMP.

The help desk in May originally told me it was going to be $0.1 per side for using the rithmic API. ($100 dollar a month minimum)

But the fees department at AMP is now saying the API is $0.25 per side, and the online calculator reflects this.

Was there a recent fee increase with Rithmic API and AMP?

I was looking at the Optimus message board and saw a post from Matt back in April, he said optimus are charging $0.1 per side for the Rithmic API.

 

Yes.

AMP FLAT Pricing offer using any of our FREE Trading Platforms, such as CQG, MetaTrader 5, Sierra Chart, MultiCharts, TradingView, Jigsaw....

Exchange Fee $0.20
CQG Order Routing Fee $0.10
NFA $0.02
AMP Clearing Fee $0.05

Total per Side $0.37

https://news.ampfutures.com/cme-e-micro-indices-launched-ready-for-live-trading

 

Yes i was quoted $0.1 per side and $100 minimum in May, but now your fee desk is saying $0.25 per side for all rithmic trades at AMP regardless of API or not.

They are now referring me to your online calculator which says 0.25 per side and $100 minimum with the rithmic API

https://portal.ampclearing.com/account/commissionquote.aspx


So have prices recently increased at AMP?

I saw optimus futures quote $0.1 and $100 minimum as well.

 

Looks like the AMP Exact Cost Calculator is just automatically adding the default Rithmic fee $0.25...not the API trading fee of $0.10. (we will get it updated to differentiate API trading to reflect the $0.10)

Confirmed, Trading via Rithmic | API Pricing:

$0.10/side, subject to a minimum of $100 per calendar month or part thereof per user id for sides reported filled against orders placed through programs written by or on behalf of traders that incorporate R| API.

 

It is...if you trade via the API > it will automatically charge the $0.10
if you trade via any of the Rithmic or Rithmic connected platforms > it will automatically charge the $0.25

We have many customers using the Rithmic APIs to trade...

 

Hmm, maybe its because i am using the newer R Protocol API?

 

Are you placing your trades on a trading platform connected to the R Protocol API - for example, via Jigsaw or Bookmap?
or
Did you write a trading program that executes trades directly via the Rithmic API ?

 

Yes I wrote my own program using R Protocol API.

I still login using Rithmic Trader Pro to check API orders placed by my program, but do not use Rithmic Trader Pro for placing trades.