NinjaTrader enables mobile trading for CME’s event-based contracts

abdelaziz Fathi

FX platform provider, NinjaTrader is introducing a mobile trading experience, custom-built for the new event contracts launched by CME Group for the retail audience.

Just yesterday, CME’s Event Contracts has officially debuted, providing investors with a straightforward way to access a handful of the world’s top futures markets. Offering smaller-sized, daily expiring products will allow investors to predict the daily closing price of up to 10 of the world’s most popular financial and commodities markets.

In a statement, the US-based software provider highlighted the apparent benefits of these new daily options on futures contracts. Among other things, it offers short-term trading opportunities for individuals seeking to take a position on daily price moves using smaller-value trades.

Specifically, each contract requires a commitment ranging from as little as $0.25 to a maximum of $20, with a successful trade resulting in a $20 payout. Similar to options trading, participants have pre-defined risk as they can’t lose more than they invested, and results are available immediately at the market close.

Through the mobile or web-based experience, NinjaTrader enables users to trade using their knowledge of the futures benchmark equity index, energy, metals, and foreign currency futures markets with risk limited to the amount of the trade. CME Group is initially offering daily event contracts based on closing price predictions for E-mini S&P 500, E-mini Nasdaq 100, E-mini Russell 2000 and E-mini Dow stock index futures, along with popular metals, energy and FX contracts.

NinjaTrader Group CEO Martin Franchi said: “We’re confident in the mass market appeal of these new and innovative products, which offer a straightforward and affordable way to access dynamic financial markets. We have built a unique and intuitive mobile and web client experience that is fully consistent with the event contracts product design. This is the first in a line of new products and experiences we intend to offer that increases access to futures markets.”

“We are pleased to have the support of NinjaTrader Group in offering CME Group event contracts to retail traders,” 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 moves and gain exposure to our benchmark products across asset classes.”

Launched in 2003, NinjaTrader provides a complete end-to-end ‎platform serving manual and automated traders of futures, equities and ‎forex markets. The platform offers dynamic analytic tools both natively and through its vast ‎‎third-party partner ecosystem.

NinjaTrader officially operates as an introducing broker ‎for several brokers and claims such acquisitions ‎deliver savings to its clients through tight spreads and ‎discount commissions.‎ The platform is available at over 100 brokerages ‎worldwide and is promoted through offering free charting, analytics, ‎system development and trade simulation. ‎

Additionally, users of NinjaTrader’s trading software have ‎access to crypto brokerage service providers directly through a simple online registration process.

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