NexusFi: Find Your Edge


Home Menu

 





Clarify NT Multi Broker Licence


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Big Mike with 1 posts (1 thanks)
    2. looks_two daviedave with 1 posts (2 thanks)
    3. looks_3 Miesto with 1 posts (2 thanks)
    4. looks_4 hyperscalper with 1 posts (0 thanks)
    1. trending_up 1,782 views
    2. thumb_up 5 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

Clarify NT Multi Broker Licence

  #1 (permalink)
daviedave
Australia+Brisbane
 
Posts: 5 since Sep 2012
Thanks Given: 2
Thanks Received: 9

The more i research this the more confused I become. Seems I'm not the only one either.

NinjaTrader 7 Accounts Group & Mulitbroker Licence....

1) Can I have 2 accounts at one CQG feed broker and trade them both simultaneous through the accounts group feature?
2) Can I have 1 account with a CQG broker and 1 with Rithmic and trade them simultaneous through the accounts group feature?

Looking at the multibroker licence, it seems to be more set just so you can trade through one broker then disconnect and trade through another? Is that right?

What I'm really looking to do is trade 2 Leeloo accounts and if possible my personal acct simultaneous. Leeloo is with Rithmic and my current broker is with CQG.

Thanks

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Deepmoney LLM
Elite Quantitative GenAI/LLM
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
27 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #2 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 629 since May 2012
Thanks Given: 779
Thanks Received: 1,150


daviedave View Post
The more i research this the more confused I become. Seems I'm not the only one either.

NinjaTrader 7 Accounts Group & Mulitbroker Licence....

1) Can I have 2 accounts at one CQG feed broker and trade them both simultaneous through the accounts group feature?
2) Can I have 1 account with a CQG broker and 1 with Rithmic and trade them simultaneous through the accounts group feature?

Looking at the multibroker licence, it seems to be more set just so you can trade through one broker then disconnect and trade through another? Is that right?

What I'm really looking to do is trade 2 Leeloo accounts and if possible my personal acct simultaneous. Leeloo is with Rithmic and my current broker is with CQG.

Thanks

Maybe this helps:



I used the search box on the homepage "NT multiple accounts".
Or shoot NT support an e-mail?

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #3 (permalink)
 hyperscalper 
boise idaho
 
Experience: Advanced
Platform: NinjaTrader C# Custom
Broker: NinjaTrader LeeLoo Rithmic
Trading: Nasdaq Futures NQ/MNQ
Posts: 314 since Apr 2020
Thanks Given: 15
Thanks Received: 522


NinjaTrader is offering discounted upgrade from Lifetime
to Multi-Broker. I'm considering going for it; but because
NinjaTrader is proprietary and an Introducing Broker,
as such, for commercial reasons, no longer allows
significant alternate Futures brokers to offer the platform.

I'm doing a LeeLoo qualification now; after having developed
some very high tech indicators; and, of course, LeeLoo
offers Rithmic.

But NinjaTrader's policy toward its own live Rithmic connections
involve extremely high leverage, amounting to 7x the margin
required for its own preferred CQG vendor. There is just
nothing that can be done about this margin requirement,
which I regard as extremely prejudicial and unnecessary.

The only reason I can see for this extreme discrepancy is
simply to suppress Rithmic business; but there is no
possibility of using NinjaTrader's platform at a competing
broker which would offer much better Rithmic order terms.

Because NinjaTrader is (in my view) the most powerful
platform available; in which I've invested many months
of work; they have a tight grip on me as a user/trader.

I'm knocking out a LeeLoo Express challenge, which asks
qualifiers only to pull $6k to succeed over 10 trading days,
which is quite easy; after which a "performance"
profit sharing account is available. That's how an underfunded,
but capable, trader can quickly ramp up funds. During the
challenge, 12 NQ futures contracts can be controlled at
max deployment; which is huge buying power. Just sayin'...

hyperscalper

Reply With Quote
  #4 (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

Hi,

I would recommend you post this again, but in the NinjaTrader AMA thread where it gets more attention and high level response (like Ray, Founder of NinjaTrader)



Mike
daviedave View Post
The more i research this the more confused I become. Seems I'm not the only one either.

NinjaTrader 7 Accounts Group & Mulitbroker Licence....

1) Can I have 2 accounts at one CQG feed broker and trade them both simultaneous through the accounts group feature?
2) Can I have 1 account with a CQG broker and 1 with Rithmic and trade them simultaneous through the accounts group feature?

Looking at the multibroker licence, it seems to be more set just so you can trade through one broker then disconnect and trade through another? Is that right?

What I'm really looking to do is trade 2 Leeloo accounts and if possible my personal acct simultaneous. Leeloo is with Rithmic and my current broker is with CQG.

Thanks

Sent using the nexusfi.com mobile app

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on December 9, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts