I had a Mirus account up until zenfire broke. Is it as simple as reactivating and funding the account to get up and running again? I hope you guys offer the same level of support at a broker level as you have for NT. Although NT isn't perfect (no platform is), good quality support makes a huge difference imho. Please don't forget this as you move into brokerage

I spoke to Jennifer Baum, Chief Compliance Officer at Dorman, today and she told me that Dorman is requiring "new paper" (i.e. new application) for all mirus (or anyone else) to Ninja account transfers. Unfortunately the New Account link on the Ninja site takes you to a new (as in having no current Dorman account) member form which won't let you past the first page if you use the same username and/or email address... so I logged in to Dorman and started a new app from within my existing account... right off it asked me to choose a broker... no problem, I thought... but, alas, there were 40 or so choices I was faced with. Guess I'll wait until tomorrow to get some guidance.

As a NT longtime lifetime license holder I just don't like this kind of vertical integration. In my opinion I just can't see this being good for NT users longterm. Trying to create a monopoly on software, brokerage, feed etc is not something I like as an NT customer. Especially as it shakes out other brokerages and we all could end up with less choice.

I personally on any new strats am going to take a look at new platforms for development as I do not like where this appears to be going. I kind of hate being so dependent on one platform anyway.

Have to feel for all the partner brokers who spent time supporting and promoting NT as platform. Talk about a knife in the back.

@NinjaTrader so what is the plan to keep this from hurting your long standing brokerage partners who have marketed and supported your platform? It is hard for me to believe this will not lead to a very few if any brokerages being able to stay with your platform longterm. You now hold all the cards for new customers which imo will effectively kill off your partners which I guess can't really be called partners anymore. This concerns me because I for one in order too use NT do not want to be forced to use your brokerage solution. I have invested heavily in NT not just with a lifetime license but years of strat development. Promise of a better commission now just does not impress me leading to a potential brokerage monopoly to use the NT platform. Choice of brokers etc.... is something many find attractive to the NT platform. Maybe we still have choice now but if brokers can't compete against you because you own infrastructure that will change.

My hope is this will lead to better platforms than NT being developed that are not trying to lock up the ecosystem so to speak that will directly compete with NT. For now I am locked in with NT but guarantee if right platform comes up I will consider switching.

Can someone at NT confirm that existing Mirus/Dorman clients will need to make a new application at Dorman?

Thanks,

Aventeren

Can someone at NT confirm that existing Mirus/Dorman clients will need to make a new application at Dorman?

Thanks,

Aventeren

Does this mean that new NT users will have no choice but using the NT brokerage service ?
If yes then this will probably have an enormous effect on the ability of other firms to recruit new customers. Sounds to me like NT are being unfair to the other brokerage firms who brought lots of new customers to NT throughout the years and also in my opinion this step doesn't show much respect to new NT users who might want to choose other Brokerage firms.