michaelf 

Email from NinjaTrader is out Screenshot 2025-03-20 063504

I bought Ninja Trader in 2009 with Ninja 6. Ninja 7 was a nice improvement. But Ninja 8 is very disappointing. The chart drawing tools are cumbersome in 8 taking many times longe to do some tasks than with Ninja 7. When trading futures things move fast and spending the extra time can cost money. It looks like the prgrammers that build 7 were gone and a new crew build 8. Many nice features were lost in the upgrade. Please keep ninja 7 alive. I have already learned to use nj 8 and the problem isn't my lack of experience with it. Some features are improved, but so many are worse that I am counting on the new owners to keep nj 7 alive.

Will there now be a budget for Ninja 9 or something that runs on a current version of .net framework which is orders of magnitude faster than the version 4.8......to be seen

Does this feel to anyone else like when AOL acquired Time Warner? That was meant to be a "changing of the guard" moment, even if AOL ultimately went AWOL.

Not that Kraken and NT can necessarily be compared to those two, but this still isn't something I would have expected, and $1.5B isn't chump change to be throwing around....

mwf2220 

Not that Kraken and NT can necessarily be compared to those two, but this still isn't something I would have expected, and $1.5B isn't chump change to be throwing around....

These crypto exchanges are making an absolute fortune as they charge % of notional rather than a set fee. A quick look online says that a small account on Kraken Pro it's 0.4% each side as a taker. It also says that clients have bought $146M in Bitcoin in the last 24 hours. If you trade spot they also charge swap spreads no matter which side you are on! (Unlike FX pairs where in theory one side pays one side receives based upon the interest rate differential). Example from their own site

 

Code

Example: Spot trading with margin Let’s assume the following: • You want to short sell 50 Ethereum (ETH) at a price of $400 • Your 30-day trading volume is currently at $0.00 • Your order is executed with taker fees In this example, the total costs of your order equals 50 * $400 = $20,000. According to the fee schedule for the ETH/USD market, at this volume you will either incur the maker fee of 0.25% or the taker fee of 0.40%. Because your order is executed with taker fees, the initial trade fee can be calculated as follows: $20,000 * (0.40 / 100) = $80 As you are opening a position with this order, you are also incurring the opening fee. According to the margin fees as listed for the ETH/USD market, this fee is set at 0.02% and can be calculated for this order as follows: $20,000 * (0.02 / 100) = $4 If you add the initial trade costs and the costs for opening the position, the total fees for this order up until now can be calculated as: ($80 + $4) = $84 Additionally, while this position remains open, a rollover fee of 0.02% is charged every four hours. This means that if you leave the position open for 24 hours, the rollover fee will be charged (24 / 4) = 6 times and can be calculated as: $20,000 * (0.02 / 100) * 6 = $24 Finally, if you close this position after 24 hours at a price of $200, the total costs of your closing order equals 50 * $200 = $10,000. The trade fees for the closing order can be calculated as: $10,000 * (0.40 / 100) = $40 This means that the total fee amount for opening the position, maintaining the position for 24 hours and subsequently closing the position equal to ($80 + $4 + $24 + $40) = $148.

Thats 0.74% to hold for 1 day! If you held it for a week your rollover fee goes from $24 to $168, your total fees from $148 to $292 which is now 1.46%. If you buy and hold, and hold for 3 years, the rollover fees will take your entire investment! There's a reason why Coinbase has a market cap equal to half the CME

My concerns with this purchase are

*Shut down the desktop platform: It is common for companies like Kraken to deactivate or "sleep" platforms that no longer align with their current cloud technologies. In this case, Kraken runs almost everything in the cloud, and maintaining the desktop platform is expensive, unnecessary, and irrelevant for a company of its size. Trust me, large companies "sleep" technologies that don’t generate millions for them.

*Close the platform, implement an internal core framework, and allow open development on it, except for commercial agreements that result in arbitrary and costly fees or high benefits solely for them.

*Shut it down completely and seek among the current developers those who have interesting things to incorporate into the platform and purchase only the rights from them.

*Leave it untouched and keep it as a parallel business, transparent to NinjaTrader's current operations. Alternatively, rebrand and replace the NinjaTrader brand with Kraken’s or another new one.

*Rebranding NinjaTrader to something new.

Margin on MNQ used to be $100 and when volatile $400. Now it's $2560???? Same for MES, used to be $50, now it's $1650??

There is no major news scheduled and volatility is low 9:20 CET (3:20 ET).

Is this the policy of the new owner Kraken?



250403_092746_Margins for Available Futures Markets MES


250403_092515_Margins for Available Futures Markets MNQ

After viewing your post, I've just bought MES and MNQ and initial margins are still 50 and $100. (9.30 UK time)

Miesto 

Margin on MNQ used to be $100 and when volatile $400. Now it's $2560???? Same for MES, used to be $50, now it's $1650?? There is no major news scheduled and volatility is low 9:20 CET (3:20 ET). Is this the policy of the new owner Kraken? 250403_092746_Margins for Available Futures Markets MES 250403_092515_Margins for Available Futures Markets MNQ

this is the margin from the exchange if you want to hold the contract overnight and has nothing to do with your intraday margin