Zen Fire Disaster

[uexkuell]

Quote from AMP_Trading:

The daytrade margins are $100, so even with $500 account you will have access to tradeable markets.

See full list: http://www.ampclearing.com/trading_hours.html

On your list I see DAX initial margin € 13950.

This is ridiculous!

From Thursday, 02/10/2011 to today (Monday, 02/21/2011) DAX moved at max 160 points (from 7280 to 7440) which equals 160x25=4000 €.
There was even a major trending day in this range (Friday, 02/11/2011).

As we all know volatility has decreased recently noticeably.

So the (initial) margin is in absolutely no relation to realistic, expectable moves.

 

[Bernard111]

Quote from uexkuell:



So the (initial) margin is in absolutely no relation to realistic, expectable moves.

This is as usual when dealing with CQG; they simply use the Performance Bond Requirements by CME; don't know the ratio for Eurex.

 

[FortuneTeller]

Quote from TerminatorXit:

Amp net capital from CFTC report $1.38m - good luck with that...scary

OMG :eek:

 

[AMP_Futures]

Quote from uexkuell:

On your list I see DAX initial margin € 13950.

This is ridiculous!

From Thursday, 02/10/2011 to today (Monday, 02/21/2011) DAX moved at max 160 points (from 7280 to 7440) which equals 160x25=4000 €.
There was even a major trending day in this range (Friday, 02/11/2011).

As we all know volatility has decreased recently noticeably.

So the (initial) margin is in absolutely no relation to realistic, expectable moves.

Initial Margin is set by the exchange and is processed nightly using pure SPAN margining.

But you are correct...€ 13950 is a little high...I just checked the Eurex margin sheet and it has been lowered to ...€ 13180

AMP website will be adjusted.

 

[Cazza La Randa]

Again....

There are only four symbols enabled real time in the demo

ES - 6E - GC - CL

All European markets are unavailable

I don't think this is a great launch to introduce NT/CQG

 

[sheepsucker]

Communication from AMP to existing Zen-fire customers WHY they should switch to CQG has been utter crapola.
Suddenly they just sent instructions on HOW to do it, nothing about WHY or WHAT cqg is.
Nothing about what are the benefits, cost savings or absolutely any info.

 

[emg]

Quote from sheepsucker:

Communication from AMP to existing Zen-fire customers WHY they should switch to CQG has been utter crapola.
Suddenly they just sent instructions on HOW to do it, nothing about WHY or WHAT cqg is.
Nothing about what are the benefits, cost savings or absolutely any info.

Amp finally found out that zen fire is a marketing name. Took amp more than 5 years to figure that out

 

[AMP_Futures]

Quote from emg:

Amp finally found out that zen fire is a marketing name. Took amp more than 5 years to figure that out

AMP is proud to be the largest NinjaTrader Brokerage. There are over 30 NinjaTrader specialist in house, 24 hour help desk and 24 hour trade desk to support our customers.

We offer and support multiple data feeds...CQG, Zenfire and TT.

CQG data feed is our newest addition and we excited to bring this to our customers.

NinjaTrader integrated with CQG provides:

• Fully Redundant Global Network: http://www.ampclearing.com/cqg_data.html
• Direct Market Access to all major exchanges: http://www.ampclearing.com/exchanges.html
• Historical and Real time Index Data included: http://www.ampclearing.com/cqg_indexes.html

 

[RedDuke]

Quote from AMP_Trading:

Initial Margin is set by the exchange and is processed nightly using pure SPAN margining.

But you are correct...€ 13950 is a little high...I just checked the Eurex margin sheet and it has been lowered to ...€ 13180

AMP website will be adjusted.

is this overnight margin? the intrad day should be at the most 1/3 of that, and eve less.

 

[Andromeda]

Please add other instruments in the free demo you provide

4 symbols real time are not enough to evaluate the CQG/NT combo