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Using Sierra Chart with Ninja Trader Brokerage


Overview

Often we are asked by Ninja Trader brokerage customers about using Sierra Chart, or in addition to using Sierra Chart, using the Denali Exchange Data Feed.

Ninja Trader on the backend, uses CQG and Rithmic. Sierra Chart does support Rithmic. CQG is also supported but we disfavor it for various reasons. We also have developed an alternative and that is the Sierra Chart Order Routing Service with Data.

If you want to trade your Ninja Trader account, this is going to require an additional paid entitlement on your CQG account and you could not use Ninja Trader at the same time. If you want to use Sierra Chart just for trading and not Ninja Trader, then this also requires an additional paid entitlement on your CQG account. If you want to use Sierra Chart just for charting, then this also requires an additional paid entitlement on CQG account. This additional entitlement can be up to 20 USD per month.

If you just want to use real-time CME Group exchange data through one of the Real-Time Exchange Data Feeds Available from Sierra Chart, then you have to connect Sierra Chart once a month your CQG account to authorize CME Group data and you also need to have this additional paid entitlement on your CQG account.

Also, CQG has significant limitations regarding market data and we have also seen connectivity issues.

We want to provide our customers high quality and easy to use services which do not frustrate our users and we do not want to have an unnecessary support burden upon us especially relating to authorizing CME data at the lower cost nonprofessional fees and getting connected to CQG.

Therefore, we highly recommend using the Sierra Chart Order Routing Service with Data and use a different brokerage or just have an account directly with the clearing firm. This service provides better connectivity and simplified access to market data.

Or alternatively, you can follow the Easy Solution to CME Funded Trading Account Requirement.

For market data, no matter what service you use for order routing, you will want to use the Denali Exchange Data Feed which works with all supported Trading services.

We want to provide our users top quality reliable solutions that are seamless and trouble-free.


*Last modified Monday, 02nd August, 2021.