NinjaTrader has appointed Tobin McDaniel as President, who joins the US futures trading brokerage after 15 years of experience in the retail trading and investing spaces, most recently serving as Head of SoFi Invest.
Previously, he held high-caliber positions at Charles Schwab, where he led a portfolio of products to better serve self-directed investors, bringing personalization to investing. This included growing Schwab’s digital advice business to $50B+ in AUM, in addition to launching the company’s innovation lab.
NinjaTrader eyes fast-growing retail futures trading community
NinjaTrader has been experiencing tremendous growth institutional support for the retail futures trading community has never been stronger, and NinjaTrader has been leveraging this new dynamic by partnering with exchanges on innovative new products and developing quality education designed for newer traders.
Such efforts have been helping to fuel the next level of exponential growth for NinjaTrader as it addresses increasing demand for accessible futures trading amongst retail investors.
Martin Franchi, CEO at NinjaTrader, said: “Tobin brings an impressive array of experience scaling consumer driven companies in the fintech space. His industry expertise and passion to serve the individual investor will help us further our ultimate goal of providing the best tools, support, and experiences to the fast-growing retail futures trading community, bringing NinjaTrader to the next level.”
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Tobin McDaniel, President of NinjaTrader, said: “NinjaTrader is focused on creating the premier futures trading experience for every investor, and I look forward to working with the team to move the company’s mission forward. Providing better user experiences, more content, and tools will help ensure that traders of all experience levels have the guidance they need to make smarter investment decisions, particularly for newer retail traders looking to enter the futures space.”
Founded in 2003, NinjaTrader has evolved into an industry leader supporting over 1.7 million traders around the globe.
It was in 2021 that the company launched a non-clearing Futures Commission Merchant to provide access to futures trading for retail users. The provider of trading software and brokerage services introduced NinjaTrader Clearing, LLC, to cater to self-directed traders and simplify access to global futures markets with its FCM.
NinjaTrader hired four new executives in May
In May, NinjaTrader added four experienced executives to its leadership team as part of its efforts to enhance the futures trading platform amid increased interest from retail traders. To make its expansion strategy come true, NinjaTrader will now rely on these four new executives, playing the roles of Executive Vice President of Growth, Chief Technology Officer, General Manager of Evaluation Services, and Vice President of Product. For these roles, the financial technology and brokerage company hired Ryan Pitylak, Aditya Nishandar, John O’Neil, and Michael Krafft.
Ryan Pitylak joined NinjaTrader as Executive Vice President of Growth. A veteran executive with over 15 years of experience in marketing, strategy, and operations, Pitylak previously held key roles at ZenBusiness, where he was pivotal in driving the company’s valuation to $1.7 billion and securing over $275 million in funding. His know-how will be invaluable to build offerings focused on trader education, social experiences, and partner networks, according to the announcement.
Aditya Nishandar joined the futures trading platform as Chief Technology Officer after a successful career supporting trading at Goldman Sachs for 12 years, where he served as the Senior Director of Carta Liquidity, leading a team of engineers in building and maintaining a regulated marketplace for private stock trading.
John O’Neil joined NinjaTrader as General Manager of Evaluation Services to build experiences for retail proprietary traders. His extensive background includes futures trading as he led FXCM through a period of rapid growth and global expansion, through to its transition from a private firm to a $1 billion public company.
Michael Krafft joined as Vice President of Product after roles at TrueML, Alight Solutions, and American Express, where he drove innovation, developed machine learning-powered decision engines, and delivered impactful client-facing applications and solutions.
