NinjaTrader Acquires Tradovate Holdings

Choate represented NinjaTrader, a portfolio company of Long Ridge Equity Partners, in its $115M acquisition of Tradovate Holdings, a leading online futures brokerage firm and trading technology provider. NinjaTrader is the industry’s leading retail futures broker supporting over 500,000 traders with best-in-class trading software, award-winning brokerage services, multilingual support, and robust educational programs and resources, and this acquisition will create one of the most formidable retail futures brokers with combined trading volume in 2021 of approximately 100 million futures contracts.