AMP is now offering X_Trader Pro @ Super Low Pricing for Experienced X_Trader Users

[ofthomas]

you are mistaken, exchange traded spreads are a convenience.. X number of contracts trade, you pay comms on X ..

Quote from ballsofgold:

hello,
I remember reading a while back that on exchange traded calendar spreads, you only charge commission on one leg.

For example

Buy 1 CLZ3:CLZ4 @ 7.00 will only per charge on one side even though you physically execute two legs as per the below:

(Buy 1 CLZ3 @ 102.00/Sell 1 CLZ4 @ 95.00)

is this the case or am I mistaken?

Best Regards

 

[spreadem]

Is this offer for a limited time?

 

[comintel]

Quote from ballsofgold:

hello,
I remember reading a while back that on exchange traded calendar spreads, you only charge commission on one leg.

For example

Buy 1 CLZ3:CLZ4 @ 7.00 will only per charge on one side even though you physically execute two legs as per the below:

(Buy 1 CLZ3 @ 102.00/Sell 1 CLZ4 @ 95.00)

is this the case or am I mistaken?

Best Regards

That may be applicable just to the TT charges rather than the commissions.

I can tell you that is the way that CTS charges - just one transaction charge on a native spread - and I suspect TT is the same. Commissions are another matter.

 

[kkfx]

Does AMP allows trading on exchange traded spreads or synthetic spreads using autospreader to its customers on x-trader? Also, does AMP allows margin credits for spreads according to CME policy?

 

[kkfx]

Does AMP allow its customers to trade exchange-traded spreads on x-trader?
Does AMP offer margin credit for spreads as recommended by CME?

 

[AMP_Futures]

This is not a limited time offer.

X_Trader is a great addition to the available trading platforms to our customers.

 

[AMP_Futures]

Quote from elabunsky:

Could you provide more info about latency via TT API? In case I'll host my application on Aurora VPS.
Regards,
Eugene.

AMP/TTnet trading network includes server-side order management using X _trader and/or ADL (Algo Design Lab). The server-side order management is included for all AMP/TTnet customers at no additional charge.

 

[AMP_Futures]

Quote from kkfx:

Does AMP allow its customers to trade exchange-traded spreads on x-trader?
Does AMP offer margin credit for spreads as recommended by CME?

Yes, AMP/TTnet supports all exchange traded spreads using any of the X trader family (Autospreader, AutoTrader, ADL, Algo SE) trading solutions.

Yes, AMP/TTnet margin is based off the exchange requirements. With spreads, each leg is individually margined on the way in - then once filled, TT's pre-trade risk recognizes the contracts as exchange spreads - it will adjust the available account margin (reducing the intraday margin requirement from individual legs - to the exchange spread margin requirements).

For individual leg/contract intraday margins: http://www.ampclearing.com/margins_req.html

Exchanges currently available with AMP/TTnet: CME, CBOT, NYMEX, COMEX and EUREX.

ICE US, ICE UK and LIFFE will be available in Phase 2 release

 

[kkfx]

Quote from AMP_Trading:

Yes, AMP/TTnet supports all exchange traded spreads using any of the X trader family (Autospreader, AutoTrader, ADL, Algo SE) trading solutions.

Yes, AMP/TTnet margin is based off the exchange requirements. With spreads, each leg is individually margined on the way in - then once filled, TT's pre-trade risk recognizes the contracts as exchange spreads - it will adjust the available account margin (reducing the intraday margin requirement from individual legs - to the exchange spread margin requirements).

For individual leg/contract intraday margins: http://www.ampclearing.com/margins_req.html

Exchanges currently available with AMP/TTnet: CME, CBOT, NYMEX, COMEX and EUREX.

ICE US, ICE UK and LIFFE will be available in Phase 2 release

Thanks...great to know this.

 

[AMP_Futures]

How AMP/TTnet handles spread margins: (Example – numbers used not accurate)

Each leg of the spread requires the AMP day trade margin per contract to get in position.

Once both sides of the spread are filled, if it is exchange recognize spread - TT's risk algorithm - will recognize and adjust the available account margin credit to the exchange spread margins.

For example, if the customer is trading ZN - treasury spreads

To get in the spread - 1 buy ZN = $500 / 1 sell ZN = $500 - This removes $1'000 of available account credit margin for new orders.

If account balance is 10'000 - new available margin orders after each leg is 9'000.

As soon as both legs are filled - TT's risk algorithm runs a check of all positions and if it is recognized as an official exchange spread it will reduce the required margin to the exchange spread margin.

Let's say the spread margin is only $200

So it takes - $1'000 to get in the spread, then once the spread is recognized - the required margin is now adjusted to only $200 (Example only -required exchange spread margin).

Leaving $9'800 and available account credit margin for the next trade.

If the customer takes off one side/leg of the spread, the margin used for the individual contract will adjust back to AMP $500 required day trade margin.

The above example is a quick example, round numbers used for easier understanding. For the exact exchange margins - please see the exchange website for accurate spread margin requirements. TT's risk algorithm is updated each night to match the current exchange margin requirements.

Here is one of the links for the CME spread margins
http://www.cmegroup.com/clearing/margins/intras.html#e=all&a=all&p=all