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Anyone have an idea about AMP futures CME charges? I just received email they took out $15 and I am in sim mode only. Actually doing a load of market replay for the past months. Thanks
Can you help answer these questions from other members on NexusFi?
This was the proposal. My understanding there has been a lot of push back, so we may not see all these changes.
The $15 per platform per user fee could be a problem for some traders (or their brokers).
Mike
I was not aware they would Charge for Sim mode......Unless you have a Funded Account attached to this, then i think they will.
You can ask for just Top of the Book Bid and Ask prices Only, and it will be only $ 1 per month.
$15 is for CME data, that is what CME charges for getting their data live as it happen. SIM mode means your order is not actually going to the real exchange.
doesn't this have to do with the "grand father" issue?
something about, whether or not your account, or prior accounts (remember all applications ask for prior broker trading history, or current "other" trading account information with other brokers)
others have mentions same issue, and challenged this, by contacting CME and their appropriate department on this issue, and having the fees reversed, since account opening, not just for the current month...
hope that helps, let me konw....
PS... are you the same ruffcutt / buzzsaw from skype trading rooms?
$15 are Direct CME Charges and all customers pay for using the 4 exchanges under the CME Group.
IB, FCMs, etc do not take part of this fee.
live real time streaming data under sim is not a different category of data.
According to the CME, you use data pipes, you pay.
Matt
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Thanks to all of great responses. I guess they never caught it and now charge me the fee. Still better than my PFG account. Yes Sam or Ken, same buzzsaw. Just busy working thru years of oil trades til I'm dizzy. Still in trader training school finding the diamond in the ruff.
JD
One can choose only one exchange, what i did and then itīs only 5$ monthly.
You had to fill an application form for that. https://info.ampfutures.com/cme_nonpro_certification
Even i choosed only one exchange, they nevertheless charged 15$.
They told me, that they have changed it now.
Next month i will see....