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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

  #11 (permalink)
 
Linds's Avatar
 Linds 
Victoria, Australia
 
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Good opportunity to add some exchanges/products to the suite? To be more marketable to people in Asia/Australia/people who want to trade those markets and time zones. It can be done via IB of course, but it would be very nice if NT Brokerage/pending FCM would also provide this access.

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  #12 (permalink)
DmanX
New York
 
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Please consider modernizing and adding ACH transfers, the least of which is withdrawal.

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  #13 (permalink)
 
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b16aln View Post
@NinjaTraderIs it likley that ninjatrader will be reducung the connection options available to it's customers in future?

No.

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  #14 (permalink)
 
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DmanX View Post
Please consider modernizing and adding ACH transfers, the least of which is withdrawal.

This is already in the works.

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  #15 (permalink)
jmp470
San Antonio, TX
 
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DmanX View Post
Please consider modernizing and adding ACH transfers, the least of which is withdrawal.

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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  #16 (permalink)
balltrader
buffalo ny usa
 
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Was this motivated by the Cooking with Lynnette webinar, the Co-CEO of Phillips Capital?

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  #17 (permalink)
 refine 
Edmonton Alberta Canada
 
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Will this deal make it easier for international clients to open Ninjatrader brokerage accounts?

I have inquired about Ninja brokerage before and been told that it is not available to clients in some parts of Canada.

I get it that Canada is a bit of a patchwork when it comes to regulations between Provinces but that hasn't stopped other FCMs from offering brokerage services.

Will this merger address that?

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  #18 (permalink)
 
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refine View Post
Will this deal make it easier for international clients to open Ninjatrader brokerage accounts?

I have inquired about Ninja brokerage before and been told that it is not available to clients in some parts of Canada.

I get it that Canada is a bit of a patchwork when it comes to regulations between Provinces but that hasn't stopped other FCMs from offering brokerage services.

Will this merger address that?

Most US FCM's do not accept Canadian clients due to their view on the regulatory risk that comes with servicing these accounts, it is my understanding that TransAct is no different in this respect.

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  #19 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Ray, why the decision to keep the TrsnsAct business intact instead of rebranding under NinjaTrader Brokerage?

NinjaTrader View Post
Most US FCM's do not accept Canadian clients due to their view on the regulatory risk that comes with servicing these accounts, it is my understanding that TransAct is no different in this respect.

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  #20 (permalink)
 
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Big Mike View Post
Ray, why the decision to keep the TrsnsAct business intact instead of rebranding under NinjaTrader Brokerage?


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Our plans are to offer brokerage services FCM direct to the consumer and TransAct is our vehicle to do that. In its current form, its not ready to handle the scale of our NinjaTrader Brokerage business nor the volume of new accounts we open on a daily basis. We are already hard at work to prepare TransAct for the next generation of NinjaTrader Brokerage. In due time, we will operate as an integrated entity.

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