Advanced trading platforms not only allow investors to start, close, and manage their positions, but they also include a plethora of sophisticated tools to help traders refine their tactics and maximize their returns. Here, we will look at some of the important characteristics of NinjaTrader trading systems.
Access to more markets
Although the markets in which a fund can trade are likely to be determined by its prime broker, ensuring that the trading platform supports those markets is also an important consideration. Generally speaking, the more markets a fund may access, the better. Although this may not be a priority for all hedge fund managers, depending on their strategy, greater access may imply greater variety, which could be beneficial as a fund’s strategy evolves.
Order control
In addition to providing access to a diverse range of asset classes in various marketplaces, NinjaTrader trading systems will also support a variety of order types to accommodate each fund’s trading strategy.
This may comprise a variety of native, synthetic, and algorithmic order types, including as stop-loss and stop-limit orders, instant or cancel (IOC), fill or kill (FOK), time-weighted average price, and volume-weighted average price. In turn, when used effectively, order types can assist optimize execution speeds, reduce risk, increase pricing, and simplify trading procedures.
Real-time information, news, and research
Many trading systems will include access to news, research, fundamentals, and market data from third-party suppliers like Reuters, Dow Jones, and Zacks, albeit this may incur an additional cost. This means that traders may stay up to current on the latest headlines, research, data, and analyst insights without leaving the platform, which is important given how time-sensitive the markets can be.
Analytical Tools
The capacity to assess the performance of a certain asset or market is critical for making trading decisions, such as when to begin or close a position. As a result, NinjaTrader trading systems offer sophisticated and interactive charting tools that help traders make informed judgments.
API Integration
API integration allows two software programs to work together as if they were one. Although not required by every trader, the ability to incorporate APIs into a trading platform allows users to profit from the features of numerous products. Practically, this can make it more easier for traders to conduct deals, obtain current market data, and view historical prices without having to manually search through many exchanges and dark pools.
Paper trading
Paper trading is essentially a function that allows traders to simulate deals at no risk. While this may be a beneficial tool for individuals new to trading, expert traders can also benefit from being able to test investment strategies and ideas, as well as products, exchanges, order types, and APIs in real market conditions without risking any real money.
Conclusion
Although many of the additional features provided by NinjaTrader trading systems are unlikely to be used or required by regular retail investors, they may prove invaluable to hedge funds looking for every advantage over the competition, whether that means executing trades as quickly as possible to maximize profits or making well-informed decisions based on deep data and analysis.