NexusFi: Find Your Edge


Home Menu

 





Amp Lawsuit


Discussion in Brokers

Updated
    1. trending_up 2,166 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Amp Lawsuit

  #1 (permalink)
 WCwings 
Orlando, Florida United States
 
Experience: Intermediate
Platform: MultiCharts
Trading: ES
Posts: 19 since Nov 2010
Thanks Given: 15
Thanks Received: 12

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

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
Build trailing stop for micro index(s)
Psychology and Money Management
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #2 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
Thanks Given: 350
Thanks Received: 197

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)

Reply With Quote
  #3 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
Thanks Given: 350
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?

Reply With Quote




Last Updated on April 11, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts