Support Board
Date/Time: Tue, 26 Nov 2024 13:28:41 +0000
Post From: Amp with TTnet experiances
| [2014-04-18 04:58:33] |
| User30720 - Posts: 20 |
|
Thanks Tom. Is what you have quoted per your actual AMP statements? ie you are on the over $10k flat rate structure using TT Net? I have thought about this some more - my broker said plus 50 cents commission, but I think he actually means plus 50 cents (R/t) for the TT Net clearing fee which appears on my statements (but I am on volume tier structure). The reason I have come to this conclusion is that Commissions CANNOT be excluded from the Cost Calculator as that is the only cost AMP can vary. If you play with the cost calculator with different volume tiers and flat fee alternative but always using TT and Sierra you get different answers, therefore they must be varying the commissions (being the only thing AMP can modify as exchange, NFA and TT clearing fees will all be fixed). This is what leads me to think my AMP broker meant to say it excludes the TT Net clearing fee. But my point is still valid - the Cost Calculator should not exclude anything, or if it does it should be very clear so you can work out the impact. Trading ES via TT/Sierra on the AMP package 3 combo: - I am being charged $4.34 R/t for monthly volume under 1000 contracts - The Cost Calculator says $3.32 for this volume, plus I guess the 50 cents my broker says is missing, equals $3.82 R/t. Still LESS than what they are charging me. - For an account over $10k the Cost Calculator says $2.82 plus the 50 cents my broker says is missing, equals $3.32 R/t. It would be great if someone trading AMP/TT/Sierra could confirm this from their actual AMP statement (maybe yours is Tom if you could just confirm this). Thanks all. |