NexusFi: Find Your Edge


Home Menu

 





NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)


Discussion in Brokers

Updated
      Top Posters
    1. looks_one NinjaTrader with 122 posts (257 thanks)
    2. looks_two NT Brokerage with 73 posts (154 thanks)
    3. looks_3 Big Mike with 59 posts (116 thanks)
    4. looks_4 torento with 30 posts (33 thanks)
      Best Posters
    1. looks_one liquidcci with 2.5 thanks per post
    2. looks_two NinjaTrader with 2.1 thanks per post
    3. looks_3 NT Brokerage with 2.1 thanks per post
    4. looks_4 Big Mike with 2 thanks per post
    1. trending_up 403,228 views
    2. thumb_up 1,139 thanks given
    3. group 685 followers
    1. forum 903 posts
    2. attach_file 17 attachments




 
Search this Thread

NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #71 (permalink)
 
LightWeight's Avatar
 LightWeight 
Kirkland, WA/United States
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Vision/Rithmic
Trading: Futures
Posts: 138 since Jul 2012
Thanks Given: 138
Thanks Received: 42


liquidcci View Post
@Big Mike I see this whole thing as limiting some options. The only rithmic broker I see on NT list that will be able to add new NT customers is the lovely friend of this board AMP. Guys like Optimus while can continue to serve customers they have will not be able to signup new customers. At least this is the way I understand it. @NinjaTrader can correct me if I am wrong. So if I ever wanted to switch brokers which I don't as Optimus has been great my only choice for rithmic will be AMP if want to stay with rithmic. Add that to fact guys like Optimus can't add new customers over time could severely degrade ability to support the platform imo.

So this does limit options and can negativly affect NT license holders who want to stay with rithmic and refuse to be subjected to AMP paradise. So it kind of pigeon holes everyone towards Continuum which I had a bad experience with.

This is exactly what I was trying to say. I came back to Optimus after my bad experience with Dorman, and don't imagine leaving again, but also don't like the idea that if I did my options are now limited. Or that going forward I may not be able to refer friends to the same broker I'm using because Ninja doesn't support them anymore. Perhaps I'll change my mind in the future, but for now I think I liked it better when Ninja was focused on platform/data only and you had a wider range of options to tie it into.

Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
65 thanks
Funded Trader platforms
41 thanks
Battlestations: Show us your trading desks!
29 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
The Program
19 thanks

  #72 (permalink)
 
optionzen's Avatar
 optionzen 
Dallas
 
Experience: Intermediate
Platform: ThinkorSwim, Ninjatrader, Multicharts
Broker: Thinkorswim, Ninjatrader Brokerage
Posts: 139 since Nov 2010
Thanks Given: 137
Thanks Received: 106

You can continue to use your NT platform with your current brokers but the future release of NT Web version is only available for ninjatrader brokerage.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

Reply With Quote
  #73 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 866 since Jun 2011
Thanks Given: 610
Thanks Received: 1,091


@NinjaTrader it looks like on your site the only broker that offers rithmic going forward is AMP. So will there only be one brokerage choice for new NT clients that want to use rithmic with NT? If so why in the world would you set this up where users of rithmic only have one choice? Is it to eventually force everyone to the Continuum feed?

I also noticed even when going to AMP page via NT ecosystem page it highlights CQG connection. Is NT squeezing out ability to use rithmic unless you are in a grandfathered broker who was left out of the NT ecosystem? In other words is will even AMP be able to offer a rithmic connection with NT or will it be CQG only?

If so this also takes away ability for current users to switch to another broker other than AMP if want to stay with rithmic. i am not a fan of AMP and this severely limits choice. When I bought my lifetime license I bought it predicated on fact NT offered many broker and connection choices. You taking choices away is not what I bought into.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
  #74 (permalink)
 
gain247's Avatar
 gain247 
Helsinki, Finland
 
Experience: Advanced
Platform: NT8
Broker: NTB
Trading: ES, CL
Posts: 131 since Apr 2010
Thanks Given: 125
Thanks Received: 123

In the webinar for 'Mirus' customers yesterday Ray disclosed he is working with Rithmic aiming to offer it also with NinjaTraderBrokerage, so there's gonna be choices. I'm sure Ray will address it again today in webinar here at BigMike's.

Reply With Quote
Thanked by:
  #75 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530

Cross-posted from a different thread (which is now closed, as this one should be used):


NinjaTrader View Post
New users will be able to use Rithmic through NinjaTrader Brokerage within a few weeks.

@liquidcci, @LightWeight, @optionzen.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #76 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
Posts: 1,152 since Jul 2012
Thanks Given: 784
Thanks Received: 2,685

@liquidcci This whole Vision Finanical, AMP and Rithmic debacle has gotten me interested in this field.

There's an independent introducing brokerage, Pine Point Commodities Group, that has only taken professional prop firms and hedge funds as its clients up till today. I made a call to them today and on my request, they have decided that they are happy to take up retail clients to solve the shortage of Rithmic access. They will be able to provide:

1. Execution via Rithmic (with NinjaTrader) will be supported with Crossland as the clearing firm.
2. Support for TT, CQG, CTS/T4, Patsystems and Orc Trader.
3. Market access for options and FX.
4. Because of their large volume customers and cost economies, their rates are very low, but I'm not familiar with what they're planning to offer to retail.
5. Colocation and hosting for automated clients, at least 200-300 micros faster to CME access than any server at Steadfast.

For full disclosure, I know all of Pine Point's owners personally and I've been to their office next to the CBOT building. I have no material participation in their businesses so I've nothing to gain out of this, but I hope to help a few people out especially from the Vision fallout. Scott Murley has helped various prop groups and hedge funds raise capital from funds of funds and launch off, including mine - in particular with the process and setup of a full CME/CBOT/NYMEX/COMEX equity member firm. Pete Striebel used to run his own options book but is now mainly involved in HedgeACT, an administration platform and database for alternative investments and hedge funds. Rob Evans formerly ran a HFT operation in spot FX and is very familiar with the space. One of the owners of Pine Point also heads Credit Suisse in Chicago and sits on the board of directors of the Princeton University Investment Company, but prefers not to be publicly known. Scott can be reached at [email protected]. Just say his friend from Harvard introduced you.

@Big Mike Not sure if this meets your vendor policy.

Reply With Quote
  #77 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530

Reminder that there will be a webinar today with Ray and Eliot at 4:30 PM Eastern on futures.io (formerly BMT).

https://www3.gotomeeting.com/register/722354910

Plan to attend so that you can ask your questions.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #78 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530

Since AMP says (according to what is written on their website, and in their advertisements on other sites)



I guess this means they will be lowering all their rates for anyone who asks? If so, be sure to compare the all-in fee and don't be tripped up by "clearing fees" and etc when you contact them to get the lower rates.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #79 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
Posts: 1,713 since May 2010
Thanks Given: 203
Thanks Received: 2,686


liquidcci View Post
@NinjaTrader it looks like on your site the only broker that offers rithmic going forward is AMP. So will there only be one brokerage choice for new NT clients that want to use rithmic with NT? If so why in the world would you set this up where users of rithmic only have one choice? Is it to eventually force everyone to the Continuum feed?

I can confirm that NinjaTrader Brokerage will offer Rithmic, should be available in the next week or so. After July 15th, new NinjaTrader clients will only be able to access Rithmic through NinjaTrader Brokerage.



liquidcci View Post
When I bought my lifetime license I bought it predicated on fact NT offered many broker and connection choices. You taking choices away is not what I bought into.

This is incorrect, we have not and are not taking any choice away from you as an existing customer prior to our announcing our brokerage. You may continue to use NinjaTrader with brokerage technology such as Rithmic through any broker who supports it. In the future, if you wanted to change your license from Rithmic to Interactive Brokers (as an example) just send us an email and we will happily change your license.

Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #80 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530



NinjaTrader View Post
I can confirm that NinjaTrader Brokerage will offer Rithmic, should be available in the next week or so. After July 15th, new NinjaTrader clients will only be able to access Rithmic through NinjaTrader Brokerage.

Just so I understand, what is happening July 15th? And is this a temporary situation, where customers that want Rithmic but don't want it through AMP have no other option after July 15th? Or will this be fixed at some point in the future (plans in motion, etc) so that other brokerages, like Optimus, can sign-up new customers after July 15?

Thx
Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote





Last Updated on June 8, 2023


© 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