NinjaTrader Reveals New Tool For Futures Market Insight
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NinjaTrader announced that it has launched a new tool called NinjaTrader Pulse. The company explained that this tool helps traders see how people feel about the futures market. According to the update, the tool shows live market mood for contracts like the E-mini S&P 500, Nasdaq 100, and crude oil.
Martin Franchi, who is the Chief Executive Officer, revealed that NinjaTrader has one of the largest futures trading groups. He said the tool will help both experienced and new traders by showing simple and clear market data. Franchi noted this tool helps traders learn faster and invest with more ease.
The New Tool Is Designed To Help Traders Of All Experience Levels
NinjaTrader reported that younger people are showing more interest in futures trading. The company shared that the average age of its users dropped from 48 to 38 in the last five years. According to the update, this means more millennials are now part of the futures market.
Brian Weis, the Chief Product Officer at NinjaTrader, said the new sentiment tool, NinjaTrader Pulse, is easy to use. He explained that it helps traders understand the market quickly and feel more confident when trading.
The company revealed that NinjaTrader Pulse is open to everyone on the platform, even those with demo accounts. Weis noted that the tool uses data shared by clients who agree to share their trading information. He said this makes it possible to show a wide view of the market without sharing anyone’s personal details.
The Pulse tool studies millions of data points from NinjaTrader’s community of traders. It shows how people are positioned in the market, which helps others learn about market trends and movements, according to the update.
NinjaTrader Introduces New Changes To Its Team
NinjaTrader announced it is adding new experts to its team. The company said it hired Anthony Crudele, who worked at the Chicago Mercantile Exchange. His role is to help traders use NinjaTrader’s tools better.
The company said Tobin McDaniel is now the new President. Tobin has been working in trading for 15 years and has helped companies like SoFi Invest and Charles Schwab.
According to the update, NinjaTrader is creating plans to attract more users and improve its platform. The company wants to help traders learn and develop new tools, such as NinjaTrader Pulse, to simplify trading.
The company shared that it has some issues to address. In November, the National Futures Association said NinjaTrader needs to improve how it manages customer money and prevents risky actions. NinjaTrader stated it is working hard to fix these concerns.
