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NinjaTrader buys TransAct Futures (Infinity Brokers), plans its own FCM


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NinjaTrader buys TransAct Futures (Infinity Brokers), plans its own FCM

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 bobwest 
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This news item about NinjaTrader purchasing Transact Futures, the owner of Infinity Brokers, and planning to operate its own FCM, was flagged by @sakisf in another thread:

I thought it was interesting and important enough to raise the visibility since it may affect users of NinjaTrader in the future: https://johnlothiannews.com/transact-futures-bought-by-owner-of-ninjatrader-brokerage-an-introducing-broker/

Apparently NinjaTrader Grooup, LLC intends to operate its own FCM, built on TransAct Futures, which it recently purchased:


Quoting 
NinjaTrader Group, LLC purchased futures commission merchant TransAct Futures on the last tick of the clock on December 31, 2020, giving the owner of the fast growing technology and brokerage firm their own FCM to modernize their business. NinjaTrader’s goal with this deal and their growth plan is to become nothing short of the “number one destination for active futures traders.”

...

Currently NinJaTrader Brokerage clears through Dorman Trading and Phillips Capital. That will not change in the short term, as Franchi said they needed to ramp up all aspects of TransAct to be able to handle the NinjaTrader business. Franchi said he expects to hire 20 to 25 new people in the next year to scale the TransAct business.

NinjaTrader has about 180 employees, with a little more than 20 of them coming from TransAct and Infinity Futures in the deal. Franchi says he expects it will take “six months” before beginning to transition NinjaTrader clients to TransAct.

When they are done, TransAct will remain a standalone FCM. NinjaTrader Brokerage will be their chief client as an Independent Introducing Broker....

This also may affect customers of Transact Futures (which owns Infinity Futures.)

Sierra Chart has a notice on its Support Board regarding existing Transact customers using Sierra Chart, with support scheduled to end June 1, 2021: https://www.sierrachart.com/SupportBoard.php?ThreadID=59796

If you're affected, or just want to keep up with industry changes, it is worthwhile to read the full article.

Interesting developments are ahead.

Bob.

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This is exciting news for NinjaTrader. The actual PR campaign is scheduled for Tuesday however, the news somehow leaked and the article came out ahead of our own news release.

Our official press release can be found here - https://ninjatrader.com/NewsReleases/NinjaTrader-Acquires-TransAct-Futures

An initial FAQ can be found here - https://ninjatrader.com/TransAct-Infinity-Futures-FAQ

As always, I am here to answer any questions.

Ray

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@NinjaTrader, how are current TransAct or Infinity users affected?

When do you plan to close?

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@NinjaTrader can you reveal the number of brokerage accounts this will add under your umbrella?

Mike

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Big Mike View Post
@NinjaTrader, how are current TransAct or Infinity users affected?

When do you plan to close?

Directly from our FAQ located here - https://ninjatrader.com/TransAct-Infinity-Futures-FAQ

There is zero impact. It’s business as usual for all accounts and prospects. As the organizations are further integrated, there will be opportunities for us to expand our service offerings and support & we are excited to introduce those in coming months.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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Big Mike View Post
@NinjaTrader can you reveal the number of brokerage accounts this will add under your umbrella?

Mike

The additional accounts represent about 10% of our total accounts.

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NinjaTrader View Post
The additional accounts represent about 10% of our total accounts.

I hope Patrick Zielbauer is one to migrate there.

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 txsroper 
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samiotis View Post
I hope Patrick Zielbauer is one to migrate there.

Patrick Zielbauer is good people. infinity futures has some good people.

Just wish NinjaTrader would be as stable and robust as Sierra and TradeStation just being honest. Having paid a $1,000 for the NT License feel I paid for the right to tell the truth. Any chance NinjaTrader will improve customer service to the level Infinity Futures provides ?

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With Patrick for sure
txsroper View Post
Patrick Zielbauer is good people. infinity futures has some good people.

Just wish NinjaTrader would be as stable and robust as Sierra and TradeStation just being honest. Having paid a $1,000 for the NT License feel I paid for the right to tell the truth. Any chance NinjaTrader will improve customer service to the level Infinity Futures provides ?


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 b16aln 
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@NinjaTrader, what is the longer term plan for the current broker connections available to NinjaTraders. Is it likley that ninjatrader will be reducung the connection options available to it's customers in future?

This is important for current and potential new customers to know when deciding on whether ninjatrader traders is the right platfomr for them. While this may be a good news for the development of ninjatrader as a broker it would seem likley that the connection options for users will be reduced as ninjatrader will want to force users of the platfomr to use their brokerage service rather than the "competion".

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