CHICAGO, IL, January 12, 2022 – NinjaTrader Group, LLC, a leading provider of trading software and brokerage services to active traders, today announced that it has acquired Tradovate Holdings, LLC, a leading online futures brokerage firm and trading technology provider, for $115 million.
Founded in 2003, NinjaTrader is the industry’s leading retail futures broker supporting over 500,000 traders with best-in-class trading software, award-winning brokerage services, multilingual support, and robust educational programs and resources. Tradovate, launched in 2016 and founded by industry veteran Rick Tomsic, pioneered a cloud-based trading infrastructure and innovative pricing model for futures which helped accelerate the transformation of the brokerage landscape.
The acquisition creates one of the most formidable retail futures brokers with combined trading volume in 2021 of approximately 100 million futures contracts.
Martin Franchi, CEO of NinjaTrader Group, LLC, commented, “NinjaTrader’s and Tradovate’s shared vision to transform retail futures is at the heart of this transaction and will accelerate our goal to make futures more accessible, mainstream and modern. The combination of the largest and fastest-growing market leaders and our commitment to continued investment in the businesses will unlock innovation and scale, which will ensure we rise to meet the growing demand of the trading community for innovative products and services. Together we look forward to continued advocacy and support of the rapidly expanding retail futures community."
Tomsic will join NinjaTrader’s Executive Team as its Chief Strategy Officer and will be integral in defining the strategy and vision for continued transformation of the futures industry. He will also serve on NinjaTrader’s Board of Directors.
Tomsic said: “We’re extremely proud of the role Tradovate has played in offering self-directed futures traders a truly different choice, with robust, easy-to-use cloud-based trading technology designed specifically for their needs and a pricing model unlike any previously seen in the futures industry. This acquisition is the culmination of that effort but only the beginning of the story as we leverage our combined technology, vision and talented teams to take new and experienced traders to the next level of client experience. I believe that the futures industry has barely scratched the surface in individual investor participation. We aim to be the number one retail futures brokerage in the world, not just by client numbers but by pushing the boundaries and leading through innovation with technology and exciting new ideas.
NinjaTrader was advised by Long Ridge Equity Partners, Choate Hall and Stewart LLP, D.A. Davidson & Co. Tradovate was advised by Sidley Austin.
FAQs
CHICAGO, IL, January 12, 2022 – NinjaTrader Group, LLC, a leading provider of trading software and brokerage services to active traders, today announced that it has acquired Tradovate Holdings, LLC, a leading online futures brokerage firm and trading technology provider, for $115 million.
Who is Tradovate owned by? ›
NinjaTrader, a portfolio company of Long Ridge Equity Partners, has acquired Tradovate. Target Description: Tradovate is an online brokerage and trading platform.
Can I use Tradovate with a NinjaTrader account? ›
Customers are not able to have accounts with both NinjaTrader and Tradovate. However, there is no need to switch brokerages to use a specific platform. All NinjaTrader and Tradovate platforms are available for all NinjaTrader and Tradovate customers, and commissions / margins are identical between the two firms.
Who did NinjaTrader buy? ›
Choate represented NinjaTrader, a portfolio company of Long Ridge Equity Partners, in its $115M acquisition of Tradovate Holdings, a leading online futures brokerage firm and trading technology provider.
Is TradingView the same as Tradovate? ›
TradingView has a vast community of traders who connect and share trading ideas using the TradingView charts. TradingView has been fully integrated into Tradovate providing a seamless trading experience enabling traders to share trade ideas with peers and execute orders across both the platforms.
What broker does NinjaTrader use? ›
NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well.
Who is the CEO of Tradovate? ›
Rick Tomsic founded Tradovate Holdings, LLC and currently serves as its CEO responsible for strategic direction.
Is Tradovate US based? ›
The company launched in 2015 to serve the needs of active futures traders and operates out of Chicago, Illinois.
How much money do you need to trade on Tradovate? ›
There are no specific minimum balance requirements, making the platform can be accessible to a wide range of traders. However, the day trading margin differs based on the type of contract, with margins as low as $10 for Nano contracts, and up to $500 for Standard Futures contracts. Learn more at Tradovate.com.
What's better, Tradovate or NinjaTrader? ›
Despite being a breath of fresh air for future brokers, Tradovate has demonstrated remarkable features compared to its predecessor. NinjaTrader receives a handful of complaints about the sluggish and antiquated system. In contrast, a technology-focused platform like Tradovate enables a seamless and unified experience.
NinjaTrader is one of the most popular brokers for futures trading, with robust desktop and web platforms that you can customize to fit your needs. It's also an affordable place to invest, with lower fees and margin requirements than many of its competitors.
How much money do I need to open a NinjaTrader account? ›
NinjaTrader has no account minimum requirement to open an online futures brokerage account, allowing you to choose your own starting balance. As required by the Pattern Day Trader (PDT) rule, stock traders using margin must maintain a balance of $25,000 to actively day trade.
Who is the biggest FX trader? ›
Top 10 best forex traders in the world 2024
- George Soros. Known as the "Man Who Broke the Bank of England," George Soros is a Hungarian-born American billionaire investor and philanthropist. ...
- Stanley Druckenmiller. ...
- Bill Gross. ...
- Ray Dalio. ...
- Carl Icahn. ...
- John Templeton. ...
- Warren Buffett. ...
- Charlie Munger.
Tradovate was founded in 2016 by industry veteran, Rick Tomsic who will join NinjaTrader's Executive Team as its Chief Strategy Officer and serve on NinjaTrader's Board of Directors.
Is NinjaTrader better than thinkorswim? ›
Traders who value in-depth analysis and customization options may find NinjaTrader more appealing. Thinkorswim: Thinkorswim is known for its user-friendly interface its extensive range of tools and functionalities. However, it uses a scripting-type language if you wanted to try to do anything additional.
Can you trade futures options on NinjaTrader? ›
NinjaTrader gives access to a few options markets. In these markets, you can trade only options on futures. Options on futures cover the following exchanges and products: CME: Equity Indexes, Interest rates, Agricultural, FX.
Who are the investors in NinjaTrader? ›
NinjaTrader has 2 investors including DRW Venture Capital and Long Ridge Equity Partners .
Is TradingView better than NinjaTrader? ›
In conclusion, TradingView is user-friendly with no installation required, making it easy to start quickly. On the other hand, NinjaTrader provides an all-in-one solution for futures trading, requiring a bit more setup but offering a comprehensive and integrated trading environment.
