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Former Schwab Director Joins NinjaTrader


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  #1 (permalink)
 Tradarr 
Atlanta Ga. USA
 
Experience: Intermediate
Platform: NT8,ThinkorSwim,
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Is he going to fix the NT8 to Schwab gateway or help create a stock brokerage for NT8?

https://www.financemagnates.com/executives/moves/former-charles-schwab-director-joins-ninjatrader-to-build-leading-fintech-for-futures/

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 casey44 
Louisville KY
 
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Tradarr View Post

I've inquired, NT Support reply last May: "...Our development team has received the necessary documentation from Schwab to start creating the new connection adapter, although we don't have an exact timeline for when this will be completed. However, our aim is to have it ready for the next release of NinjaTrader 8. ''


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 aligator 
Las Vegas, NV
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Tradarr View Post

With acquiring Tradovate, all the neon flashes, rebranding, and recent hiring, it is not farfetched to wonder if NinjaTrader is sizing up and window dressing to go on selling block. Think of Schwab (TDA) paying about $700M for Think-Or-Swim some years ago. So, why not sell (or go public) while it is possible to cash out handsomely.

There are hardly any Futures brokers from my past 46 years of trading that have not gone belly up or sold out to someone else to follow the same fortune. That is what happens to Futures, Options, and Forex brokers of the past. Even Schwab might be having a hard time managing after they were forced to close down their banking operation that provided most of their income.

Also, Tom Sosnoff (creator of TOS with a net worth of 150M) and his Tasty Trades likes are taking a big chunk of Futures and Options markets from Schwab and others. They are growing fast to perhaps be the dominant Futures' Shop One Small Exchange, catering Micros and Options to aspiring get-rich-overnight dead money (a Vegas thing). So, who knows, NinjaTrader might even get picked up by none other than Schwab with a man already in the house.

As for the Schwab API, if you do not see it in the next NT version, perhaps in September, just consider it a thing of the past.

Cheers!


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