Subsidiaries NinjaTrader and Tradovate see significant potential for a no-fuss trading tool that allows individuals to predict the daily market close
CHICAGO, September 19, 2022 /PRNewswire/ — NinjaTrader Group, LLC, a global leader in futures brokerage for active traders through its subsidiaries NinjaTrader and Tradovate, announced that it has just launched a unique mobile trading experience designed specifically for the new Event Contracts, launched today by CME Group. The company sees significant potential for the new products, which will give US investors the ability to predict the daily closing price of up to 10 of the world’s most popular financial and commodity markets.
NinjaTrader Group CEO Martin Franchise said: “We are convinced of the appeal of these new and innovative products for the mass market, which offer uncomplicated and affordable access to dynamic financial markets Product design for event contracts. This is the first in a series of new products and experiences we plan to offer that improve access to futures markets.”
“We are pleased to have NinjaTrader Group’s support in offering CME Group events contracts to retailers,” he said Tim McCourt, Global Head of Equity and FX Products at CME Group. “With the launch of our event contracts, market participants have a new and cost-effective tool to take a position on daily price movements and access our benchmark products across all asset classes.”
Every contract requires a commitment that ranges from as little as possible $0.25 up to max $20where a successful trade results in a $20 payout. Participants have a predefined level of risk as they cannot lose more than they have invested and results are available instantly at market close. Initially, CME Group will offer daily event contracts based on closing price predictions for the E-mini S&P 500, E-mini Nasdaq 100, E-mini Russell 2000 and E-mini Dow stock index futures, as well as popular metals, energy and foreign currency contracts.
Through the mobile or web-based experience, clients select the market they wish to trade and give their opinion on whether or not they believe that market will close above a certain price. The contracts expire daily.
Supporting the fast-growing retail trader audience and ongoing product and service innovation following NinjaTrader Group’s acquisition of Tradovate Holdings, LLC, the combined company’s trading activity exceeded 75 million futures contracts year-to-date.
About NinjaTrader Group, LLC
NinjaTrader offers award-winning trading software and futures brokerage Services for active futures traders. Founded in 2003, NinjaTrader has grown into an industry leader, powering over 600,000 traders around the world with world-class technology, rebate commissions, and world-class support. Tradovate, a subsidiary of NinjaTrader Group, is an online futures brokerage firm dedicated to serving the needs of active retailers. Tradovate offers a modern, cloud-based futures trading platform and subscription-based, commission-free trading. Tradovate powers futures trading from anywhere, with full access to download the platform for Windows and/or Mac, log in to the web with Chrome and other browsers and trade via mobile devices Apple or Android Devices.
FULL RISK DISCLOSURE: Futures, forex and options trading involves significant risks and may not be suitable for every investor. An investor could potentially lose all or more than their original investment. Venture capital is money that can be lost without jeopardizing your financial security or lifestyle. Only venture capital should be used for trading and only those with sufficient venture capital should consider trading. Past performance is not necessarily indicative of future results. Trading virtual currency derivatives involves a variety of unique and potentially significant risks. Please read the Disclosure of CFTC and NFA Virtual Currency Transactions before any virtual currency trading.
SOURCE NinjaTrader Group