Velocity=>ILQ=>Advantage?

Congrats to all Velocity traders. ILQ wasn't that bad after all, they did the decent thing. I am guessing they found the regulatory regime too onerous, or couldn't cope?

 

AMP/TTnet is an available solution. If your account balance is less than 10K USD, if you need low day trade margins or if you prefer to have transactional X_Trader Pricing (No Monthly Platform Fee - Pay per filled contract) and/or direct EUREX connection.

AMP customers get access to TTnet - Trading Technologies's fully-managed solution - the same network used by large institutional trading firms - with all the retail trader requirements:

• Account mimimum only $500 USD
  
• Day Trade Margins as low as $400 for the ES
  
• Transactional Pricing - No Monthly X_Trader Subscription - pay only when you trade
  
• Direct Access to EUREX exchange - AMP/TTnet datacenters in Frankfurt & London

Our X_Trader Pro include all features of X_Trader Pro at no additional cost:
MD Trader®, Autospreader®, Autotrader™, X_STUDY®, ADL®, TT API | FIX Adapter, Algo Strategy Engine (Algo SE), Autospreader Strategy Engine (Autospreader SE) and Synthetic Strategy Engine (Synthetic SE).

Free Trial X_Trader Pro: http://www.ampfutures.com/x_trader.html

Day Trade Margins: http://www.ampfutures.com/margins_req.html

Pricing/Commissions: http://www.ampfutures.com/commission_rates.html

AMP also supports the TT FIX connections for NinjaTrader | Sierra Chart | MultiCharts

If you are current using these platforms and would like to continue to use them with the TT connection they are currently available for AMP Customers.

Please call our 24 hour help desk if you need assistance or have any questions: 312 893 6400 ext. 1 or email: trading@ampfutures.com

We look forward to supporting you reach your trading goals!

 

Hey AMP!

What about US futures spreads? What about EUREX markets? Do you support these? I need to use SierraChart as my automated trading strategies are coded in C++ ...

 

Yes, US futures spreads and EUREX markets are available using SierraChart

 

I called Advantage today. They said they will honor existing commission structure, intraday margins, and platform fees. I use SierraChart and they won't be offering TT-Fix as a data feed for that platform as ILQ/Velocity did. Instead they'll use CTS or CQG. All accounts with a balance greater than zero will be eligible for transfer. Traders will need an account balance greater than $10k to trade live as required for new Advantage accounts.

 

I also called Advantage today, and spoke with Mike O'Malley. I asked about all those things, but he was not straightforward about what the intraday margins would be. He gave me a short speech on risk and mentioned only being able to offer something like 2:1 or 3:1 intraday margins (I assume that means from overnight rate?). Mike said they might be able to go down to $1,500 or $1,000 per contract for ES intraday, but they cannot match the $500 that Velocity, excuse me - ILQ, provides. He also mentioned that the $10k account minimum is required, and you need to maintain at least $5k balance to keep your account active. I use Ninja with Continuum, which he said they would be able to accommodate, and that the $10 monthly Continuum exchange fee would likely be put on hold for a few months. I will need to follow up tomorrow to ask again again about the intraday margins, as I assume they are still working out the details.

 

That's a bummer.

Wonder if they'ld transfer over the Leader board?

 

Keep us updated on the intraday margins.

I don't really need it but sometimes it's nice to have some cushion when I need to take extra positions.

Otherwise everything seems normal?

 

http://www.prnewswire.com/news-rele...nstitutional-liquidity-llc-ilq-253901731.html

 

Ya, you can't rip-off clients on the futs side quite as easily.