FXSurf 

If they aren't segregated accounts, then that would be a major CFTC violation. Thats a major requirement just to play on US soil. Curious where you had gotten that impression. https://support.ninjatrader.com/s/article/How-Can-I-Learn-More-About-Safety-of-Funds-at-NinjaTrader?language=en_US

Thanks for that document . I always thought they were segregated and that was a requirement but then read link below. Would be good to have clarity on it and clarity on how Kraken will handle. I thought NT is non clearing FCM or at least they were at one time? I think Clearing FCM under more stringent rules for segregating accounts etc. NT has morphed a lot over the years becoming a brokerage etc so maybe I don't understand how they currently handle

https://ninjatrader.com/risk-disclosure-clearing/

4. The funds you deposit with a futures commission merchant are generally not guaranteed or insured by a derivatives clearing organization in the event of the bankruptcy or insolvency of the futures commission merchant, or if the futures commission merchant is otherwise unable to refund your funds. Certain derivatives clearing organizations, however, may have programs that provide limited insurance to customers. You should inquire of your futures commission merchant whether your funds will be insured by a derivatives clearing organization and you should understand the benefits and limitations of such insurance programs.

5. The funds you deposit with a futures commission merchant are not held by the futures commission merchant in a separate account for your individual benefit. Futures commission merchants commingle the funds received from customers in one or more accounts and you may be exposed to losses incurred by other customers if the futures commission merchant does not have sufficient capital to cover such other customers' trading losses.

liquidcci 

Thanks for that document . I always thought they were segregated and that was a requirement but then read link below. Would be good to have clarity on it and clarity on how Kraken will handle. I thought NT is non clearing FCM or at least they were at one time? I think Clearing FCM under more stringent rules for segregating accounts etc. NT has morphed a lot over the years becoming a brokerage etc so maybe I don't understand how they currently handle https://ninjatrader.com/risk-disclosure-clearing/ 4. The funds you deposit with a futures commission merchant are generally not guaranteed or insured by a derivatives clearing organization in the event of the bankruptcy or insolvency of the futures commission merchant, or if the futures commission merchant is otherwise unable to refund your funds. Certain derivatives clearing organizations, however, may have programs that provide limited insurance to customers. You should inquire of your futures commission merchant whether your funds will be insured by a derivatives clearing organization and you should understand the benefits and limitations of such insurance programs. 5. The funds you deposit with a futures commission merchant are not held by the futures commission merchant in a separate account for your individual benefit. Futures commission merchants commingle the funds received from customers in one or more accounts and you may be exposed to losses incurred by other customers if the futures commission merchant does not have sufficient capital to cover such other customers' trading losses.

What a strange disclosure. I can see why that would be confusing af. That is clearly at odds with CFTC requirements.

They also clearly state the FCM Disclosures with the link at the bottom of their site as well. There they state they do segregate accounts.

Any TradeStation users here? Kraken bought TradeStation around the same time 1 year ago... wondering how, if any, things have changed. Personally, I use to hear about TradeStation more often years ago, but barely hear the name brought up anymore

https://www.coindesk.com/business/2024/04/18/cryptocurrency-exchange-kraken-acquires-tradestation-crypto

Kraken did NOT buy the main part of Tradestation, only their Crypto piece.

Tradestation is still a very ongoing concern.

kevinkdog 

Kraken did NOT buy the main part of Tradestation, only their Crypto piece. Tradestation is still a very ongoing concern.

Ahhh thank you for the clarification, my mistake!

FXSurf 

What a strange disclosure. I can see why that would be confusing af. That is clearly at odds with CFTC requirements. They also clearly state the FCM Disclosures with the link at the bottom of their site as well. There they state they do segregate accounts.

It is strange. I think they are segregated from the link you sent. You can even view a spreadsheet on how much is segregated etc. Maybe that link I posted is old and was never updated.

If Kraken's purchase of NinjaTrader results in a big change in how user-requested software product improvements are respected and implemented, then for that reason alone I'd be a huge fan of the purchase. As it has been for years, NinjaTrader product managers totally disregard user-requested improvements, only offering to add improvement requests to a user-pacification list. Users have been asking for the same improvements going back over 5 to 10 or more years in many cases, all disregarded in every case I know of.

I thought that at some point NinjaTrader would acquire, or be acquired by, an equities brokerage, with universal accounts for both futures and equities in one platform coming from that. Never thought the buyer would be a crypto exchange. Does this kill the futures & equities all-in-one Ninja platform prospect, or bring that possibility closer?

Lancer 

If Kraken's purchase of NinjaTrader results in a big change in how user-requested software product improvements are respected and implemented, then for that reason alone I'd be a huge fan of the purchase. As it has been for years, NinjaTrader product managers totally disregard user-requested improvements, only offering to add improvement requests to a user-pacification list. Users have been asking for the same improvements going back over 5 to 10 or more years in many cases, all disregarded in every case I know of. I thought that at some point NinjaTrader would acquire, or be acquired by, an equities brokerage, with universal accounts for both futures and equities in one platform coming from that. Never thought the buyer would be a crypto exchange. Does this kill the futures & equities all-in-one Ninja platform prospect, or bring that possibility closer?

It seems that mergers and acquisitions are increasingly becoming the norm for financial companies these days, similar to the way Schwab acquired TD Ameritrade or NinjaTrader bought Tradovate. Not to mention the becoming of the CME group.

I believe Kraken being the owner of NT diminished the possibility of having an all-in-one platform for futures and equities. However, if Kraken were to be acquired by more traditional firms, there might still be hope. Personally, I have accounts in both Schwab and IB, I see the worst-case scenario as simply using NinjaTrader as a bridge, assuming that neither Kraken nor NinjaTrader goes under or dissolves.

it can only be better . the platform has improved over the years but the developers work like snails . the flexibility to trade all asset classes from one platform , will improve market data access and should speed up development . the platform in its current form is a resource hog , a cloud based platform will come sooner with the buy out . that is what is needed , think trade view like platform .

Dear Client:

As you may have seen, NinjaTrader has agreed to be acquired by Kraken, one of the longest-standing, most liquid and secure crypto platforms, trusted by more than 15 million clients globally. While I encourage you to read the official press release announcing this news, I want to directly address what this means for you as a valued NinjaTrader client.

First and foremost, nothing about your NinjaTrader account or relationship will change. Your account details, funds, platform access, pricing, and the high-quality service you expect will all remain exactly as they are today. You don't need to take any action—your trading experience will continue uninterrupted.

NinjaTrader will operate as a standalone platform within Kraken’s broader suite of trading and payments applications. While your current experience won't change, this acquisition means you can look forward to expanded trading opportunities, including enhanced access to crypto markets in addition to the futures trading you currently enjoy.

If you're not already familiar with Kraken, they have built a powerful crypto trading infrastructure with institutional-grade execution, deep liquidity, and a strong commitment to security – all with the vision of enabling seamless trading of any asset, anytime. By combining NinjaTrader’s professional analytics and futures execution with Kraken’s robust crypto capabilities, you'll have access to an even more comprehensive set of trading opportunities.

We deeply value the trust you place in us, and our team remains committed to serving your needs without interruption. Should you have any questions or concerns, please don't hesitate to reach out.

Thank you for being a valued part of NinjaTrader.

Sincerely,

Martin Franchi
CEO, NinjaTrader