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This is exactly what I was trying to say. I came back to Optimus after my bad experience with Dorman, and don't imagine leaving again, but also don't like the idea that if I did my options are now limited. Or that going forward I may not be able to refer friends to the same broker I'm using because Ninja doesn't support them anymore. Perhaps I'll change my mind in the future, but for now I think I liked it better when Ninja was focused on platform/data only and you had a wider range of options to tie it into.
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
You can continue to use your NT platform with your current brokers but the future release of NT Web version is only available for ninjatrader brokerage.
@NinjaTrader it looks like on your site the only broker that offers rithmic going forward is AMP. So will there only be one brokerage choice for new NT clients that want to use rithmic with NT? If so why in the world would you set this up where users of rithmic only have one choice? Is it to eventually force everyone to the Continuum feed?
I also noticed even when going to AMP page via NT ecosystem page it highlights CQG connection. Is NT squeezing out ability to use rithmic unless you are in a grandfathered broker who was left out of the NT ecosystem? In other words is will even AMP be able to offer a rithmic connection with NT or will it be CQG only?
If so this also takes away ability for current users to switch to another broker other than AMP if want to stay with rithmic. i am not a fan of AMP and this severely limits choice. When I bought my lifetime license I bought it predicated on fact NT offered many broker and connection choices. You taking choices away is not what I bought into.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
In the webinar for 'Mirus' customers yesterday Ray disclosed he is working with Rithmic aiming to offer it also with NinjaTraderBrokerage, so there's gonna be choices. I'm sure Ray will address it again today in webinar here at BigMike's.
@liquidcci This whole Vision Finanical, AMP and Rithmic debacle has gotten me interested in this field.
There's an independent introducing brokerage, Pine Point Commodities Group, that has only taken professional prop firms and hedge funds as its clients up till today. I made a call to them today and on my request, they have decided that they are happy to take up retail clients to solve the shortage of Rithmic access. They will be able to provide:
1. Execution via Rithmic (with NinjaTrader) will be supported with Crossland as the clearing firm.
2. Support for TT, CQG, CTS/T4, Patsystems and Orc Trader.
3. Market access for options and FX.
4. Because of their large volume customers and cost economies, their rates are very low, but I'm not familiar with what they're planning to offer to retail.
5. Colocation and hosting for automated clients, at least 200-300 micros faster to CME access than any server at Steadfast.
For full disclosure, I know all of Pine Point's owners personally and I've been to their office next to the CBOT building. I have no material participation in their businesses so I've nothing to gain out of this, but I hope to help a few people out especially from the Vision fallout. Scott Murley has helped various prop groups and hedge funds raise capital from funds of funds and launch off, including mine - in particular with the process and setup of a full CME/CBOT/NYMEX/COMEX equity member firm. Pete Striebel used to run his own options book but is now mainly involved in HedgeACT, an administration platform and database for alternative investments and hedge funds. Rob Evans formerly ran a HFT operation in spot FX and is very familiar with the space. One of the owners of Pine Point also heads Credit Suisse in Chicago and sits on the board of directors of the Princeton University Investment Company, but prefers not to be publicly known. Scott can be reached at [email protected]. Just say his friend from Harvard introduced you.
@Big Mike Not sure if this meets your vendor policy.
Since AMP says (according to what is written on their website, and in their advertisements on other sites)
I guess this means they will be lowering all their rates for anyone who asks? If so, be sure to compare the all-in fee and don't be tripped up by "clearing fees" and etc when you contact them to get the lower rates.
I can confirm that NinjaTrader Brokerage will offer Rithmic, should be available in the next week or so. After July 15th, new NinjaTrader clients will only be able to access Rithmic through NinjaTrader Brokerage.
This is incorrect, we have not and are not taking any choice away from you as an existing customer prior to our announcing our brokerage. You may continue to use NinjaTrader with brokerage technology such as Rithmic through any broker who supports it. In the future, if you wanted to change your license from Rithmic to Interactive Brokers (as an example) just send us an email and we will happily change your license.
Just so I understand, what is happening July 15th? And is this a temporary situation, where customers that want Rithmic but don't want it through AMP have no other option after July 15th? Or will this be fixed at some point in the future (plans in motion, etc) so that other brokerages, like Optimus, can sign-up new customers after July 15?