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NinjaTrader Brokerage Services (after NT acquired Mirus Futures)
Started:June 30th, 2014 (10:32 AM) by NinjaTrader Views / Replies:134,795 / 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, 11:02 PM   #71 (permalink)
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Kirkland, WA/United States
 
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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?

Last edited by LightWeight; July 1st, 2014 at 11:08 PM.
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Old July 1st, 2014, 11:47 PM   #72 (permalink)
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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.

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Old July 2nd, 2014, 10:57 AM   #73 (permalink)
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@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.

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Last edited by liquidcci; July 2nd, 2014 at 11:13 AM.
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Old July 2nd, 2014, 11:30 AM   #74 (permalink)
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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.

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Old July 2nd, 2014, 01:08 PM   #75 (permalink)
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Futures Edge on FIO
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

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Old July 2nd, 2014, 01:36 PM   #76 (permalink)
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@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 smurley@pinepointcg.com. Just say his friend from Harvard introduced you.

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

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Old July 2nd, 2014, 02:44 PM   #77 (permalink)
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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

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Old July 2nd, 2014, 03:45 PM   #78 (permalink)
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Since AMP says (according to what is written on their website, and in their advertisements on other sites)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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Old July 2nd, 2014, 03:58 PM   #79 (permalink)
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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.

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Old July 2nd, 2014, 04:02 PM   #80 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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