Tradovate opening an FCM, any thoughts?

Discussion in 'Retail Brokers' started by tango29, May 12, 2022.

  1. tango29

    tango29

    Just wondering if anyone has any thoughts on their moving away from Dorman to their own FCM?
    It seems odd to me as they are being bought by Ninja, assuming it goes through, and I thought Ninja was an FCM also. Why go through the process and then get bought by another FCM?
     
  2. NinjaTrader already acquired Tradovate (the deal closed).

    I think Ninja is just keeping the two platforms as separate properties because NinjaTrader has a rich 3rd party community building on top of their Windows platform, and Tradovate has the strength of a web platform and APIs.

    Tradovate moving to their own FCM is likely similar to what Ninja did with NinjaTrader Continuum. Probably to avoid confusion and for other legal reasons, they created a separate FCM for Tradovate rather than having Tradovate accounts go through NinjaTrader FCM.
     
    Last edited: May 12, 2022
    tango29 likes this.
  3. tango29

    tango29

    Thank you Andrew, I appreciate the input.