TransAct Futures Company Overview

Founding Date and Background

TransAct Futures Company, a futures commission merchant (FCM), was founded in 1998. The company has carved a niche in the trading industry by providing access to electronic futures markets. Initially starting as a proprietary trading firm, TransAct has evolved to offer comprehensive trading solutions to clients globally.

Parent Company/Ownership Structure

On January 19, 2021, TransAct Futures was acquired by NinjaTrader Group, LLC, a leading provider of trading software and brokerage services. This acquisition aimed to enhance NinjaTrader's capabilities by integrating TransAct's offerings into its portfolio, thereby supporting its goal of becoming a premier destination for active futures traders.

Headquarters Location

TransAct Futures is headquartered at 21805 W Field Parkway, Suite 360, Deer Park, Illinois, 60010, United States. This strategic location allows the company to operate effectively within the financial markets.

Global Business Scope

TransAct Futures serves a global client base, providing trading services that cater to individual and institutional traders across various markets. The company focuses primarily on futures trading but has also expanded its offerings to include other financial instruments.

Main Regulatory Bodies

As an FCM, TransAct Futures is registered in the United States and is subject to regulatory oversight by the National Futures Association (NFA). However, the company has faced scrutiny regarding its regulatory status, with some sources indicating a lack of valid regulatory licenses.

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Company History and Development

Key Milestones

Since its inception in 1998, TransAct Futures has achieved several key milestones, including its registration as an FCM in 2002 and its acquisition by NinjaTrader in 2021. These milestones reflect the company's growth and adaptation to changing market conditions.

Business Expansion Journey

TransAct Futures has expanded its business model from proprietary trading to offering services as an FCM. The acquisition by NinjaTrader is a significant step in this journey, allowing for greater resource allocation and technological advancement.

Customer Base Growth

Over the years, TransAct has built a diverse customer base that includes retail traders, institutional clients, and introducing brokers. The acquisition by NinjaTrader is expected to further enhance its customer outreach and service capabilities.

Platform Development History

TransAct Futures offers a proprietary trading platform known as TransAct AT, which supports various trading functionalities, including chart trading and real-time data access. The platform has undergone continuous development to meet the evolving needs of traders.

Important Awards or Recognitions Received

While specific awards or recognitions were not detailed in the available resources, TransAct Futures has established itself as a reputable player in the futures trading landscape, recognized for its technological advancements and customer service.

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Trading Services Offered

Forex Trading Options

TransAct Futures provides limited forex trading options, primarily focusing on futures markets. The exact number of currency pairs offered is not specified, indicating a potential area for growth in their forex trading services.

Stock Trading Options

Currently, TransAct Futures does not offer stock trading services, as its primary focus is on futures and derivatives trading.

CFD Trading Products

The company offers a range of Contract for Difference (CFD) products, allowing traders to speculate on price movements without owning the underlying asset. However, specific details about the available CFDs were not provided.

Other Financial Instruments

In addition to futures and CFDs, TransAct Futures provides access to commodities and indices. The company has not explicitly mentioned the inclusion of cryptocurrencies in its trading offerings at this time.

Special Services or Unique Advantages

TransAct Futures emphasizes its industry-leading stability and support for traders in volatile markets. The integration with NinjaTrader is expected to enhance these services further, offering clients a more robust trading experience.

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Regulatory and Legal Background

Detailed Regulatory Information

TransAct Futures is registered with the National Futures Association (NFA) as an FCM. However, it has been noted that the company lacks valid regulatory licenses, raising concerns about its compliance and operational legitimacy.

Legal Entity Structure by Region

As a U.S.-based FCM, TransAct operates under the legal frameworks established by U.S. financial regulatory bodies. Its structure is primarily focused on serving clients within the United States, although it also caters to international clients.

Client Fund Protection Measures

The regulatory environment in which TransAct operates requires certain client fund protection measures. However, specific details about the mechanisms in place for safeguarding client funds were not disclosed.

Countries/Regions Served

TransAct Futures serves clients primarily in the United States but also has a global outreach, allowing traders from various countries to access its services.

Compliance History

The compliance history of TransAct Futures has come under scrutiny, particularly regarding its regulatory status. Potential clients are advised to conduct thorough due diligence before engaging with the company.

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Competitive Landscape

3-5 Main Competitors

TransAct Futures faces competition from several notable firms in the trading industry, including:

1. NinjaTrader - As its parent company, NinjaTrader also competes in the futures brokerage space.
2. Tradestation - Known for its advanced trading technology and extensive market offerings.
3. Interactive Brokers - A major player in the brokerage industry, offering a wide range of financial products.
4. AMP Futures - A futures brokerage that provides competitive pricing and a robust trading platform.

Positioning in the Industry

TransAct Futures positions itself as a reliable trading platform focusing on futures trading. Its acquisition by NinjaTrader enhances its competitive edge by leveraging advanced technology and a larger client base.

Market Differentiation Factors

TransAct Futures differentiates itself through its emphasis on stability and support for traders in volatile markets. The integration with NinjaTrader is expected to further enhance its technological capabilities and service offerings.

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In conclusion, TransAct Futures Company has established itself as a significant player in the futures trading market. While it has faced challenges regarding regulatory compliance, its acquisition by NinjaTrader positions it for future growth and innovation. As the company continues to expand its offerings and improve its platform, it remains an essential option for traders seeking access to electronic futures markets.

For those looking to learn more about TransAct Futures and its services, further research and due diligence are recommended.