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NinjaTrader Brokerage Services (after NT acquired Mirus Futures)
Started:June 30th, 2014 (10:32 AM) by NinjaTrader Views / Replies:134,329 / 656
Last Reply:October 13th, 2016 (03:49 PM) Attachments:9

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NinjaTrader Brokerage Services (after NT acquired Mirus Futures)

Old July 1st, 2014, 08:37 AM   #41 (permalink)
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I had a Mirus account up until zenfire broke. Is it as simple as reactivating and funding the account to get up and running again? I hope you guys offer the same level of support at a broker level as you have for NT. Although NT isn't perfect (no platform is), good quality support makes a huge difference imho. Please don't forget this as you move into brokerage

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Old July 1st, 2014, 08:42 AM   #42 (permalink)
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Treggs View Post
I had a Mirus account up until zenfire broke. Is it as simple as reactivating and funding the account to get up and running again? I hope you guys offer the same level of support at a broker level as you have for NT. Although NT isn't perfect (no platform is), good quality support makes a huge difference imho. Please don't forget this as you move into brokerage

The brokerage team can best answer your question in how to reactivate your account. You can call them at 312.423.2230 or send an email to brokeragesales@ninjatrader.com.

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Old July 1st, 2014, 10:46 AM   #43 (permalink)
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Saroj View Post
I spoke to Jennifer Baum, Chief Compliance Officer at Dorman, today and she told me that Dorman is requiring "new paper" (i.e. new application) for all mirus (or anyone else) to Ninja account transfers. Unfortunately the New Account link on the Ninja site takes you to a new (as in having no current Dorman account) member form which won't let you past the first page if you use the same username and/or email address... so I logged in to Dorman and started a new app from within my existing account... right off it asked me to choose a broker... no problem, I thought... but, alas, there were 40 or so choices I was faced with. Guess I'll wait until tomorrow to get some guidance.
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Can someone at NT confirm that existing Mirus/Dorman clients will need to make a new application at Dorman?

Thanks,

Aventeren

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Old July 1st, 2014, 10:53 AM   #44 (permalink)
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Agree


liquidcci View Post
As a NT longtime lifetime license holder I just don't like this kind of vertical integration. In my opinion I just can't see this being good for NT users longterm. Trying to create a monopoly on software, brokerage, feed etc is not something I like as an NT customer. Especially as it shakes out other brokerages and we all could end up with less choice.

I personally on any new strats am going to take a look at new platforms for development as I do not like where this appears to be going. I kind of hate being so dependent on one platform anyway.

Have to feel for all the partner brokers who spent time supporting and promoting NT as platform. Talk about a knife in the back.

Time to fall back and review, again.

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Old July 1st, 2014, 12:41 PM   #45 (permalink)
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@NinjaTrader can you answer question below.


liquidcci View Post
@NinjaTrader so what is the plan to keep this from hurting your long standing brokerage partners who have marketed and supported your platform? It is hard for me to believe this will not lead to a very few if any brokerages being able to stay with your platform longterm. You now hold all the cards for new customers which imo will effectively kill off your partners which I guess can't really be called partners anymore. This concerns me because I for one in order too use NT do not want to be forced to use your brokerage solution. I have invested heavily in NT not just with a lifetime license but years of strat development. Promise of a better commission now just does not impress me leading to a potential brokerage monopoly to use the NT platform. Choice of brokers etc.... is something many find attractive to the NT platform. Maybe we still have choice now but if brokers can't compete against you because you own infrastructure that will change.

My hope is this will lead to better platforms than NT being developed that are not trying to lock up the ecosystem so to speak that will directly compete with NT. For now I am locked in with NT but guarantee if right platform comes up I will consider switching.


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Old July 1st, 2014, 01:02 PM   #46 (permalink)
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aventeren View Post
Can someone at NT confirm that existing Mirus/Dorman clients will need to make a new application at Dorman?

Thanks,

Aventeren

According to this:

Mirus Client FAQ | NinjaTrader

"As a former Mirus client, do I need to do anything to update my account?"

No, you do not have to make any changes as the transition is completely seamless for Mirus clients.

Apparently it should be transparent...

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Old July 1st, 2014, 01:24 PM   #47 (permalink)
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aventeren View Post
Can someone at NT confirm that existing Mirus/Dorman clients will need to make a new application at Dorman?

Thanks,

Aventeren

I just spoke to Sreejay at NT Brokerage and she said no need to "repaper" (i.e. reapply with Dorman) if you had an "active" mirus account (i.e. one that had been traded in the past year and is in good standing).

The other thing I found out which is relevant if you are transferring an account from 'not mirus' but which is cleared through Dorman: you have to open the Ninja account through the Dorman web site, not at the Ninja Trader web site and then handle the funding through a funds transfer from the other brokerage firm. When doing this choose "Ninja Trader Brokerage" with no appendages and not "Ninja Day Trader".

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Old July 1st, 2014, 02:55 PM   #48 (permalink)
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Does this mean that new NT users will have no choice but using the NT brokerage service ?
If yes then this will probably have an enormous effect on the ability of other firms to recruit new customers. Sounds to me like NT are being unfair to the other brokerage firms who brought lots of new customers to NT throughout the years and also in my opinion this step doesn't show much respect to new NT users who might want to choose other Brokerage firms.

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Old July 1st, 2014, 03:01 PM   #49 (permalink)
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yonatan View Post
Does this mean that new NT users will have no choice but using the NT brokerage service ?
If yes then this will probably have an enormous effect on the ability of other firms to recruit new customers. Sounds to me like NT are being unfair to the other brokerage firms who brought lots of new customers to NT throughout the years and also in my opinion this step doesn't show much respect to new NT users who might want to choose other Brokerage firms.

From what I can gather, it does not mean that new NT users will be required to use NT Brokerage. Everything that I am reading is that everybody still has a choice and that their goal is to make the industry even more competitive which would be good for us.

It still is not sure if these promises will be lived up to, but, based on their track record of doing an incredibly good job ith their clients, there is no reasonto doubt it

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Old July 1st, 2014, 03:31 PM   #50 (permalink)
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In with all the other stuff I got from NT, I thought I saw something about co-location of my NT on their servers in Chicago. Did I really see that or did I imagine it? I cannot find it anywhere.

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