From what I heard, as of the 15th of July new NT users will be required to use NT Brokerage. If this is wrong I will be more than happy to stand corrected.
I am not an NT user and I have no personal issue here but I do feel sorry for brokers who will get into serious trouble because of this.
Yes, some of those brokers certainly don't deserve my pity BUT I can tell you that my Broker, Matt from Optimus Trading Group made tremendous efforts to give excellent tech support to his clients who use NT (Just like he does for me with Sierra Chart) and he did everything he could to support NT when ZenFire blew up.
I for an example would be extremely disappointed had Sierra Chart suddenly decided to become a brokerage firm.
Also, some of my colleagues who use NT tell me that now, whenever they start NT, a window pops up with a message that encourages users to take advantage of the NT brokerage service. How do you think other brokers who offer NT would feel about that?
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That's competition I believe in a way it will bring down execution cost and will create transparency in the rate structure as it is hidden at most brokerage firms . Optimus is great brokerage and Matt as a person is a awesome guy .
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@optionzen Sure these NT rates are low but if this leads to less brokers that support NT then it is not good for NT license holders imo. I don't see this is as transformative for the industry. I see it as a step backwards because we may all end up with less.
The way it looks to me is this could eventually end with NT license holders having to use NT brokerage and Continuum exclusively because no other players are left in the game. NT can smile all day long and say we will have choice. But how long will that choice last when they are competing directly with their partner brokers?
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I just want to point out that during the zenfire fiasco and melt down, it was NinjaTrader CEO, Raymond Deux, who stepped up to the plate to answer questions and keep mirus clients informed as best as he could, so if mirus was going down, I'm happy that NT is the one to pick up the pieces and carry on... they have proven their value and are clearly customer-focused.
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2. Looking at the list of your supporting brokerage partners I can see that some of the brokers who offer NT and strongly support it do not appear there and my personal feeling is that this is very unfair to them. But this is just my personal feeling.
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