Kraken to Buy Futures Platform NinjaTrader for $1.5 Billion [Yahoo! Finance Canada]
News Corporation - Class A (NWSA)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg NinjaTrader, which is majority-backed by Long Ridge Equity Partners, is registered as a Futures Commission Merchant with the US Commodity Futures Trading Commission, Kraken said in a statement Thursday. The transaction is subject to certain purchase price adjustments. The acquisition also accelerates Kraken's plans for equities trading and payments, the firm said. Founded in 2003, NinjaTrader provides futures trading tools to nearly two million users. NinjaTrader will continue to operate as a standalone business, Kraken said. Kraken's own licenses across the UK, Europe and Australia will help accelerate NinjaTrader's expansion in those regions, it added. “This transaction is the first step in our vision of an instit
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