Forex platform provider NinjaTrader recently acquired TransAct Futures, a US-registered FCM, and its wholly-owned subsidiary Infinity Futures.
Renewed portfolio for NinjaTrader
Infinity Futures is headquartered in Chicago, Illinois, and works as an independent introducing brokerage. The company was originally founded in 1996 and has been helping customers based around the world access the derivatives market for over 10 years. It also offers futures trading via a proprietary firm platform AT TransAct. It is supported and hosted at a clearing level with no third-party software vendor getting involved in the process.
The US-based software provider released a statement, highlighting the benefits their combined client base will enjoy after the acquisition. It also described the next logical step for the platform. NinjaTrader provides an end-to-end platform for serving manual and automated traders of forex, equities, and futures markets. The platform also provides dynamic analytic tools in the native platform as well as its third-party ecosystem.
More savings for clients
NinjaTraders works as an introducer broker to several brokerage firms and claims that these acquisitions will deliver savings to its clients using tight spreads and discount commissions. The platform caters to over 100 brokerages around the world. It is promoted via free charting, system development, analytics, and trade simulation offering.
Users of the trading software also have access to crypto brokerage service providers which can be completed via s simple online registration process. Martin Franchi, the CEO of NinjaTrader commented on the acquisition and said, “Futures clearing is ripe for modernization and simplifying the user experience serves as the next logical step in the growth of our organization. As the preferred destination for retail futures traders, the opportunity to revolutionize clearing operations will help us deliver unmatched value for our customers through a premium experience not currently available in the marketplace.”
NinjaTrader is an innovative trading platform established in 2003. It also provides low-cost brokerage services in the industry. The firm is offering industry-low commissions to its users.
