just now
**September 19, 2022 - NinjaTrader Group, a futures brokerage for active traders through its subsidiaries NinjaTrader and Tradovate, announced that the firm has just introduced a first-of-its-kind mobile trading experience, custom-built for the new event contracts launched today by CME Group.
The firm sees 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."
"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."
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.
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