NinjaTrader Debuts Retail Sentiment Tool as Millennials Flock to Futures

Monday, 09/12/2024 | 14:00 GMT by Damian Chmiel
  • The tool arrives as the platform's average user age drops by a decade, from 48 to 38 years.
  • The real-time indicator dubbed Pulse will show information based on retail trader positioning data.
NinjaTrader

NinjaTrader, a fintech platform specializing in retail futures trading, unveiled NinjaTrader Pulse, a new sentiment indicator that provides real-time market positioning data across major futures contracts.

NinjaTrader Launches Real-Time Sentiment Tool for Retail Futures Traders

The gauge-style tool analyzes millions of data points from the platform's retail trading community to deliver comprehensive market sentiment for popular futures contracts, including E-mini S&P 500, Nasdaq 100, and crude oil futures, along with their micro counterparts.

Martin Franchi, the CEO of NinjaTrader
Martin Franchi, the CEO of NinjaTrader

“With one of the world's largest retail futures trading communities, creating new data products to support our trader's decision-making is a natural progression,” said Martin Franchi, NinjaTrader CEO.

“NinjaTrader Pulse provides professional futures traders with extensive, apprehensible information to better inform their trading strategies and offers those who are futures-curious an opportunity to access real-time market sentiment,” he explained.

The launch comes amid surging retail interest in futures trading, particularly among younger investors. NinjaTrader reports its average user age among the base of 1.7 million customers has dropped from 48 to 38 years old over the past five years, reflecting growing millennial participation in futures markets.

“Our new tool is designed to take complex information and make it easily digestible so that traders of all experience levels can benefit from NinjaTrader Pulse’s advanced insights,” said Brian Weis, Chief Product Officer at NinjaTrader. “With just a glance, traders can better navigate the complexities of the futures market with greater confidence.”

The sentiment indicator is available free of charge to all platform users, including demo accounts. It utilizes anonymized trading data from opted-in NinjaTrader clients.

TradingView, another popular charting platform for retail traders, also recently added a sentiment tracking tool for its crypto coins screener service.

NinjaTrader Expands C-Suite

In recent months, the futures trading platform hired a number of market professionals, including ex-CME’s Anthony Crudele as Senior Vice President of NinjaTrader Live. Crudele, a seasoned futures trading expert, will focus on expanding the company’s educational offerings to better serve its growing user base.

In a related development, NinjaTrader named Tobin McDaniel as its new President. McDaniel brings 15 years of experience in retail trading and investing, having most recently led SoFi Invest. Before that, he held senior roles at Charles Schwab, where he spearheaded initiatives for self-directed investors.

These appointments follow the addition of four executives earlier this year, including Ryan Pitylak as Executive Vice President of Growth and Aditya Nishandar as Chief Technology Officer. The new leadership team reflects NinjaTrader’s focus on technological advancement, trader education, and strategic partnerships.

However, the company faces challenges on the regulatory front. In November, the National Futures Association (NFA) filed a complaint against NinjaTrader Clearing and its president, Michael Cavanaugh. The complaint alleges deficiencies in anti-money laundering (AML) controls and suspicious activity monitoring.

NinjaTrader, a fintech platform specializing in retail futures trading, unveiled NinjaTrader Pulse, a new sentiment indicator that provides real-time market positioning data across major futures contracts.

NinjaTrader Launches Real-Time Sentiment Tool for Retail Futures Traders

The gauge-style tool analyzes millions of data points from the platform's retail trading community to deliver comprehensive market sentiment for popular futures contracts, including E-mini S&P 500, Nasdaq 100, and crude oil futures, along with their micro counterparts.

Martin Franchi, the CEO of NinjaTrader
Martin Franchi, the CEO of NinjaTrader

“With one of the world's largest retail futures trading communities, creating new data products to support our trader's decision-making is a natural progression,” said Martin Franchi, NinjaTrader CEO.

“NinjaTrader Pulse provides professional futures traders with extensive, apprehensible information to better inform their trading strategies and offers those who are futures-curious an opportunity to access real-time market sentiment,” he explained.

The launch comes amid surging retail interest in futures trading, particularly among younger investors. NinjaTrader reports its average user age among the base of 1.7 million customers has dropped from 48 to 38 years old over the past five years, reflecting growing millennial participation in futures markets.

“Our new tool is designed to take complex information and make it easily digestible so that traders of all experience levels can benefit from NinjaTrader Pulse’s advanced insights,” said Brian Weis, Chief Product Officer at NinjaTrader. “With just a glance, traders can better navigate the complexities of the futures market with greater confidence.”

The sentiment indicator is available free of charge to all platform users, including demo accounts. It utilizes anonymized trading data from opted-in NinjaTrader clients.

TradingView, another popular charting platform for retail traders, also recently added a sentiment tracking tool for its crypto coins screener service.

NinjaTrader Expands C-Suite

In recent months, the futures trading platform hired a number of market professionals, including ex-CME’s Anthony Crudele as Senior Vice President of NinjaTrader Live. Crudele, a seasoned futures trading expert, will focus on expanding the company’s educational offerings to better serve its growing user base.

In a related development, NinjaTrader named Tobin McDaniel as its new President. McDaniel brings 15 years of experience in retail trading and investing, having most recently led SoFi Invest. Before that, he held senior roles at Charles Schwab, where he spearheaded initiatives for self-directed investors.

These appointments follow the addition of four executives earlier this year, including Ryan Pitylak as Executive Vice President of Growth and Aditya Nishandar as Chief Technology Officer. The new leadership team reflects NinjaTrader’s focus on technological advancement, trader education, and strategic partnerships.

However, the company faces challenges on the regulatory front. In November, the National Futures Association (NFA) filed a complaint against NinjaTrader Clearing and its president, Michael Cavanaugh. The complaint alleges deficiencies in anti-money laundering (AML) controls and suspicious activity monitoring.

About the Author: Damian Chmiel
Damian Chmiel
  • 2128 Articles
  • 60 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 2128 Articles
  • 60 Followers

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