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Trading platform trends over time


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Trading platform trends over time

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Courtesy Google, where popularity is gauged by search frequency

https://trends.google.com/trends/explore



Raw data attached (csv).

@NinjaTrader is overtaking TradeStation in popularity. TradeStation has been in rapid decline for over 10 years, and shows no sign of that stopping.

ThinkOrSwim is in a range for the last 5 years.

MetaTrader (forex) has declined in recent years, but just recently is gaining some ground again.

@SierraChart isn't even on the radar.

Mike

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  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Futures vs Forex vs Stocks



Futures has been losing ground for a decade, but has seen a recent swing up (this year).

Mike

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  #4 (permalink)
 
cory's Avatar
 cory 
virginia
 
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Very interesting, that could mean Ninja has plenty of room to growth.

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  #5 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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The Monex Group from Japan has acquired TradeStation in April of 2011.
Prior to that, Monex has been in state of decline, even prior to 2008 meltdown.
Since the purchase of TS, their stock doubled and shows no sign of stoping.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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mattz View Post
The Monex Group from Japan has acquired TradeStation in April of 2011.
Prior to that, Monex has been in state of decline, even prior to 2008 meltdown.
Since the purchase of TS, their stock doubled and shows no sign of stoping.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

I'm not saying TradeStation isn't profitable, but their popularity seems to be in decline.

Do they release figures regarding their install base?

Sent from my phone

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  #7 (permalink)
 
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Big Mike View Post
I'm not saying TradeStation isn't profitable, but their popularity seems to be in decline.

Do they release figures regarding their install base?

Sent from my phone

You are using a search term to gauge "popularity", which is misleading as far as quality of the actual end user and growth. In my opinion, profitability shows that people actually trade, and therefore there is a flow of users who are consistently trade.

The "install base" is also misleading. TradeStation does not allow install unless you a customer.
Counting installs (which includes demos) as a metric will include those who financially not suitable to trade futures, fascinated with trading and perpetual paper traders. These are not traders, yet large enough of a group to affect the entire sample group.

I am an industry guy, not a spectator from the outside, and the user base of TS is a more sophisticated base because I come across them. This is not only amongst retail, but CTAs, hedge funds and family offices that use the TradeStation Prime Brokerage that is offered.

Let me give you another example: I took 2 terms, CQG and Trading Technologies on the same tool you used.
https://trends.google.com/trends/explore

They both show that they are in a state of decline. Now, walk into any capitalized FCM in Chicago and I mean the big boys. The only two names you will hear is TT and CQG. They rule Chicago when it comes to their data feeds and platforms. They are not anywhere as far as what these graphs from Google represent.

As a side note, now that I am an IIB, I have a better feel as to what user is attracted to what platform and where people actually trade.

Thanks,
Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #8 (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: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


mattz View Post
You are using a search term to gauge "popularity", which is misleading as far as quality of the actual end user and growth. In my opinion, profitability shows that people actually trade, and therefore there is a flow of users who are consistently trade.

The "install base" is also misleading. TradeStation does not allow install unless you a customer.
Counting installs (which includes demos) as a metric will include those who financially not suitable to trade futures, fascinated with trading and perpetual paper traders. These are not traders, yet large enough of a group to affect the entire sample group.

I am an industry guy, not a spectator from the outside, and the user base of TS is a more sophisticated base because I come across them. This is not only amongst retail, but CTAs, hedge funds and family offices that use the TradeStation Prime Brokerage that is offered.

Let me give you another example: I took 2 terms, CQG and Trading Technologies on the same tool you used.
https://trends.google.com/trends/explore

They both show that they are in a state of decline. Now, walk into any capitalized FCM in Chicago and I mean the big boys. The only two names you will hear is TT and CQG. They rule Chicago when it comes to their data feeds and platforms. They are not anywhere as far as what these graphs from Google represent.

As a side note, now that I am an IIB, I have a better feel as to what user is attracted to what platform and where people actually trade.

Thanks,
Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

It's just a gauge of how often people are searching for the term. Nothing more. In the case of TradeStation, people aren't searching for it as much. Same for TT and CQG. In the case of NinjaTrader, people are searching for it more.

I'm not implying correlation elsewhere, just looking at search popularity. I think search term popularity should give some insight into business opportunity.

Mike

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  #9 (permalink)
 
Neo1's Avatar
 Neo1 
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Big Mike View Post
Courtesy Google, where popularity is gauged by search frequency

https://trends.google.com/trends/explore



Raw data attached (csv).

@NinjaTrader is overtaking TradeStation in popularity. TradeStation has been in rapid decline for over 10 years, and shows no sign of that stopping.

ThinkOrSwim is in a range for the last 5 years.

MetaTrader (forex) has declined in recent years, but just recently is gaining some ground again.

@SierraChart isn't even on the radar.

Mike

I remember back when I first started trading Esignal/ TS were all the hype, while NT was in the 2nds pile.

TS must of been one of first retail platforms to offer easy language and automated trading, these days it's almost a standard feature.

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  #10 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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Neo1 View Post
I remember back when I first started trading Esignal/ TS were all the hype, while NT was in the 2nds pile.

TS must of been one of first retail platforms to offer easy language and automated trading, these days it's almost a standard feature.

Maybe @kevinkdog could comment on the accuracy of TS backtesting capabilities versus others.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
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