FX platform provider, NinjaTrader has acquired the US registered FCM, TransAct Futures and its wholly-owned subsidiary, Infinity Futures.
Headquartered in Chicago, Illinois Infinity Futures is an Independent Introducing brokerage that was originally founded in 1996. The company has been providing customers from around the world with access to derivatives markets for over 10 years.
The newly-acquired broker offers futures trading through a proprietary platform, called AT TransAct. It prides itself with having their platform hosted and supported at the clearing level with no third party software vendor getting in the way.
In a statement, the US-based software provider highlighted the apparent benefits their combined client base will get following the takeover, describing it as the next logical step for its platform.
Launched in 2003, NinjaTrader provides a complete end-to-end platform serving manual and automated traders of futures, equities and forex markets. The platform offers dynamic analytic tools both natively and through its vast third-party partner ecosystem.
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NinjaTrader officially operates as an introducing broker for several brokers and claims such acquisitions deliver savings to its clients through tight spreads and discount commissions. The platform is available at over 100 brokerages worldwide and is promoted through offering free charting, analytics, system development and trade simulation.
Additionally, users of NinjaTrader’s trading software have access to crypto brokerage service providers directly through a simple online registration process.
Commenting on the news, NinjaTrader CEO. Martin Franchi said: “Futures clearing is ripe for modernization and simplifying the user experience serves as the next logical step in the growth of our organization. As the preferred destination for retail futures traders, the opportunity to revolutionize clearing operations will help us deliver unmatched value for our customers through a premium experience not currently available in the marketplace.”
“NinjaTrader was founded in 2003 to provide an innovative trading platform & empower futures traders,” said Raymond Deux, Founder of NinjaTrader. “In 2014, we continued this innovation through the introduction of low-cost brokerage services to further revolutionize the industry. The acquisition of clearing operations is the next step in the continuation of that vision as we redefine the user experience to best support our traders.”
Among the benefits of the deal, NinjaTrader is promoting to futures traders that it will be providing its platform with industry-leading low commissions. While the offering becomes a compelling choice for traders, the new takeover can be viewed as a risky move as it now puts them in direct competition with their broker partners.