NinjaTrader Buys Tradovate in $115 Million Deal

Almost exactly a year after NinjaTrader acquired TransAct Futures and its wholly-owned subsidiary, Infinity Futures, the NinjaTrader Group, LLC, one of the industry's leading providers of trading software and brokerage services, has acquired Tradovate Holdings, LLC, an online futures brokerage firm and trading technology provider.

The $115 million acquisition by NinjaTrader, which was founded in 2003 and supports more than 500,000 traders now creates one of the most formidable retail futures brokers with a cumulative 2021 trading volume of around 100 million futures contracts.

Tomsic Joins NinjaTrader as CSO

Tradovate was founded in 2016 by industry veteran, Rick Tomsic who will join NinjaTrader’s Executive Team as its Chief Strategy Officer and serve on NinjaTrader’s Board of Directors.

Martin Franchi, the CEO of NinjaTrader Group LLC, said, “NinjaTrader’s and Tradovate’s shared vision to transform retail futures is at the heart of this transaction and will accelerate our goal to make futures more accessible, mainstream and modern. The combination of the largest and fastest-growing market leaders and our commitment to continued investment in the businesses will unlock innovation and scale, which will ensure we rise to meet the growing demand of the trading community for innovative products and services. Together we look forward to continued advocacy and support of the rapidly expanding retail futures community.”

Tradovate's Rick Tomsic said of the sale: “We’re extremely proud of the role Tradovate has played in offering self-directed futures traders a truly different choice, with robust, easy-to-use cloud-based trading technology designed specifically for their needs and a pricing model unlike any previously seen in the futures industry. This acquisition is the culmination of that effort but only the beginning of the story as we leverage our combined technology, vision and talented teams to take new and experienced traders to the next level of client experience. I believe that the futures industry has barely scratched the surface in individual investor participation. We aim to be the number one retail futures brokerage in the world, not just by client numbers but by pushing the boundaries and leading through innovation with technology and exciting new ideas.”