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Amp Lawsuit


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  #1 (permalink)
 WCwings 
Orlando, Florida United States
 
Experience: Intermediate
Platform: MultiCharts
Trading: ES
Posts: 19 since Nov 2010
Thanks Given: 15
Thanks Received: 13

I see the lawsuit that Amp Futures has started and like everyone else, I
resent it. It would help if everyone who made negative comments concerning
Amp Futures would send a copy of the Trading Agreement that they were
required to sign when they opened an account with Amp, to either Big Mike or
the Forum. If those agreements require traders to accept "in house trades"
(or similar wording), that type of agreement stipulates that a trader will
accept fills from sources other than the market. In plain words, any fill
that a broker might choose to give a trader. The CME is pretty good in dealing with
this type of issue. I don't know the legality of that type of agreement,
but certainly traders should be warned about it. Some may call it "slippage", I have
another name for it.

Best wishes,
WCwings


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  #2 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
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Is selling orderflow to HFT/darkpools, keeping orders in the brokerīs book, also an issue in futures?

I thought that type of fraudulent "smart routing" only goes on in stocks, right ? (... and of course forex/CFD bucket shops that take "the other side" by default)


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  #3 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
Thanks Given: 351
Thanks Received: 197


I think a discussion about if brokers might not directly route to an exchange should maybe be in the brokerage section or similar.

Edit: Thanks for moving to this forum.



So, how about "smart routing" in futures, anybody?


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Last Updated on April 11, 2014


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