NinjaTrader introduces new mobile trading experience for CME event contracts
NinjaTrader Group, LLC has introduced a first-of-its-kind mobile trading experience, custom-built for the new CME event contracts. The firm sees significant potential for the new products, which give U.S. investors the opportunity to predict the daily closing price of up to 10 of the world’s most popular financial and commodities markets.
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.”
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. Participants have pre-defined risk as they can’t lose more than they invested, and results are available immediately at the market close. 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 foreign currency contracts.
Through the mobile or web-based experience, clients will pick the market they want to trade and express their view on whether or not they believe that market will close above a certain price. The contracts expire on a daily basis.
Through support of the rapidly expanding retail trader audience, as well as ongoing product and service innovation following NinjaTrader Group’s acquisition of Tradovate Holdings, LLC, year-to-date trading activity at the combined entity exceeded 75 million futures contracts.