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NinjaTrader buys TransAct Futures (Infinity Brokers), plans its own FCM


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NinjaTrader buys TransAct Futures (Infinity Brokers), plans its own FCM

  #21 (permalink)
jmp470
San Antonio, TX
 
Posts: 96 since May 2019
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Just curious, how many accounts do you open daily?

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  #22 (permalink)
 
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 samiotis 
Cordes Lakes, AZ- USA
 
Experience: Intermediate
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Phillips allow for ACH? sins when? is it true? I send a check two weeks ago and is not posted yet.....


jmp470 View Post
One of the biggest holdups for me with NT was the ACH problem. I just bought the Life Time License and opened an account with Phillips because they allow for ACH’s.

The process was pretty simple, only complicated because of where I work. But for the majority of people it should be a breeze. I will say, through my experience the NT staff were excellent and helped out every step of the way. And we still got the account opened within 48 hours.


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  #23 (permalink)
jmp470
San Antonio, TX
 
Posts: 96 since May 2019
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samiotis View Post
Phillips allow for ACH? sins when? is it true? I send a check two weeks ago and is not posted yet.....

Are you in the United States? Mine posted in 1 day, full funds now, but, I'm sim trading for now, as I'm really wanting to learn order flow.

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  #24 (permalink)
 
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 samiotis 
Cordes Lakes, AZ- USA
 
Experience: Intermediate
Platform: NinjaTrader, TOS, MT
Broker: TDAmeritrade Ninja Trader, TastyWorks, Robinhood
Trading: Options, MES, ES
Posts: 83 since Jan 2011
Thanks Given: 29
Thanks Received: 59

Yes I am in USA I just singed up I dint know, So you think was impotent for them to let us in on this? No of course not........Any way thanks for the info


jmp470 View Post
Are you in the United States? Mine posted in 1 day, full funds now, but, I'm sim trading for now, as I'm really wanting to learn order flow.


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  #25 (permalink)
 
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 NinjaTrader  NinjaTrader is an official Site Sponsor
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jmp470 View Post
Just curious, how many accounts do you open daily?

Thanks for this question, this is currently private information.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #26 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
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samiotis View Post
Yes I am in USA I just singed up I dint know, So you think was impotent for them to let us in on this? No of course not........Any way thanks for the info

Sorry you were not aware. This is disclosed on the funding instructions a new customer receives, I believe it's been there for at least the last month. It's only available for US customers at this time.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #27 (permalink)
jmp470
San Antonio, TX
 
Posts: 96 since May 2019
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NinjaTrader View Post
Thanks for this question, this is currently private information.

No worries, just trying to get a sense of your value for when you go public :-)

trying to jump on early with private equity :-)


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  #28 (permalink)
 jeronymite   is a Vendor
 
Posts: 21 since Jul 2013
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Warning: Personal Opinion Only

I definitely understand the desire to "be part of" NinjaTrader via owning a bit of it. But dare I say it, NinjaTrader should always remain private. Going public injects capital, but it also surrenders to external market pressures that are rooted in shareholder interests, not necessarily customer interests. One might think they would be the same, but it often proves to not be so. There are benefits to going public, of course, but, IMHO they are far outweighed by the disadvantages.

Ray, keep going as you are. NinjaTrader has shown itself to be a leader precisely because it is not subject to the whims of "the market" but is instead focussed on the Market. Doesn't mean it's a perfect organisation, as I'm sure even you'd admit. But, from experience, I can say that having to "please" shareholders can, and not infrequently does, compromise the direction a company takes for the worse. So long as a company seriously listens to its customer base, it will have the most important information it needs to make good business decisions in their interest and the long-term interest of all involved with the company.

Again, I note that this is just a personal opinion.

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  #29 (permalink)
 
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 Big Mike 
Manta, Ecuador
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I would say a larger concern is rising to the level of interest of a larger conglomerate, and being bought out and possibly shuttered to eliminate competition or reshuffled into a larger organization where it may significantly alter new accounts or license purchase options.

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  #30 (permalink)
 jeronymite   is a Vendor
 
Posts: 21 since Jul 2013
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Absolutely, Mike! I've been on both the doing and "done" ends of that type of action ... and both are very "problematic"! Thanks for highlighting.

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