# NinjaTrader Prop vs Rithmic > NinjaTrader Prop vs Rithmic for prop firms, from each vendor’s published material. NinjaTrader Prop publishes no price list; pricing is by quote (no B2B pricing for prop firms published). Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). - Source: https://pipvalley.com/tech/compare/ninjatrader-prop-vs-rithmic - Publisher: PipValley - web design studio for prop trading firms - Updated: 2026-10-12 - Disclosure: PropSuite is PipValley’s technology partner; it is labelled wherever it appears. Facts are from vendor pages and named press, checked 12 Oct 2026. | Fact | NinjaTrader Prop | Rithmic | |---|---|---| | What it is | NinjaTrader Prop is the NinjaTrader futures platform packaged for prop traders and offered through partner prop firms, operated by NT Technologies, LLC. | Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends. | | Type | Futures platform, Trading platform | Futures data and order routing, Futures platform | | Company | NT Technologies, LLC | Rithmic, LLC | | Parent / owner | NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken) | Not published | | Headquarters | Not published | 1 Ramland Road, Orangeburg, New York 10962, USA | | Founded | Prop brand launched 1 October 2025 | 2006 (Pearl River, New York) | | Markets | Futures | Futures | | Platforms | NinjaTrader, TradingView | R / Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader, Optimus Flow | | Delivery model | SaaS, Licence | API, SaaS | | Published pricing | Quote only | Quote only | | Pricing note | No B2B pricing for prop firms published. | No prices for prop firms or institutions published; businesses are directed to contact Rithmic. | | Risk and capital | NTT says it is a technology company that licenses and supports technology relating to the NinjaTrader platforms; evaluations and funding are run by partner prop firms. | Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk. | | Builds marketing sites | No. No marketing-site or white-label product for firms found. | No. Infrastructure vendor; no marketing-site product found. | | Integrations listed | TradingView | CME, EUREX, Nasdaq | | PipValley Index | NinjaTrader: 24 of 529 | Rithmic: 25 of 529 | | Status | Active | Active | ## Verdict by use case - **You want a published price to budget against**: Neither states it. NinjaTrader Prop: quote only. Rithmic: quote only. As published, checked 12 Oct 2026. - **You run futures challenges**: Either. NinjaTrader Prop lists Futures; Rithmic lists Futures. - **You want a name traders already see at other firms**: Either. PipValley Index, 12 Oct 2026: NinjaTrader Prop 24 of 529 firm sites; Rithmic 25 of 529. A count of firms that show it, not customers. - **You want the vendor to build your marketing site**: Neither states it. Neither sells marketing sites. PipValley builds prop firm websites wired to either one. - **You want to use both together**: Both. Rithmic lists ninjatrader. ## Questions ### What is the difference between NinjaTrader Prop and Rithmic? NinjaTrader Prop is the NinjaTrader futures platform packaged for prop traders and offered through partner prop firms, operated by NT Technologies, LLC. Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends. ### Which is cheaper, NinjaTrader Prop or Rithmic? NinjaTrader Prop publishes no price list; pricing is by quote (no B2B pricing for prop firms published). Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). Prices are on different bases, so compare them at your expected account volume and revenue. ### Which is used by more prop firms, NinjaTrader Prop or Rithmic? In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 24 show NinjaTrader. In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 25 show Rithmic. These count firms whose public pages show each vendor, not customers. ### Which trading platforms do NinjaTrader Prop and Rithmic support? NinjaTrader Prop: NinjaTrader and TradingView. Rithmic: R | Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader and Optimus Flow. ### Do NinjaTrader Prop and Rithmic support futures? NinjaTrader Prop lists Futures; Rithmic lists Futures. ### Who carries payout risk on NinjaTrader Prop and Rithmic? NinjaTrader Prop: NTT says it is a technology company that licenses and supports technology relating to the NinjaTrader platforms; evaluations and funding are run by partner prop firms. Rithmic: Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk. ### Can you use NinjaTrader Prop and Rithmic together? Rithmic lists ninjatrader among its platforms or integrations. Confirm the integration scope with both vendors. ### Do NinjaTrader Prop or Rithmic build prop firm websites? NinjaTrader Prop: no. Rithmic: no. PipValley designs and builds prop firm websites that connect to either. ### Who is behind NinjaTrader Prop and Rithmic? NinjaTrader Prop: NT Technologies, LLC; NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken) Rithmic: Rithmic, LLC; 1 Ramland Road, Orangeburg, New York 10962, USA. ### What do NinjaTrader Prop and Rithmic claim? NinjaTrader Prop: They say it is designed for 99.9%+ uptime. They say NinjaTrader is the #1 retail futures trading platform. Rithmic: They say order routing latency is sub-microsecond. They say infrastructure scales from 4 accounts to 40,000 or more for funding evaluators, FCMs and brokers. Their own statements, not verified outcomes. ## NinjaTrader Prop sources 1. [NinjaTrader: NT Technologies launches new platform experience for prop traders under new brands](https://ninjatrader.com/news/nt-technologies-launches-new-platform-experience-for-prop-traders-under-new-brands/) - vendor, checked 2026-10-12 2. [Finance Magnates: Kraken-owned NinjaTrader jumps into prop trading with two tech platforms](https://www.financemagnates.com/forex/kraken-owned-ninjatrader-jumps-into-prop-trading-with-two-tech-platforms/) - press, checked 2026-10-12 3. [Finance Magnates: Kraken completes $1.5B NinjaTrader acquisition](https://financemagnates.com/cryptocurrency/kraken-completes-15b-ninjatrader-acquisition-as-funded-accounts-jump-26-in-q1/) - press, checked 2026-10-12 4. [Business Wire: Kraken Completes Acquisition of NinjaTrader](https://www.businesswire.com/news/home/20250501627804/en/Kraken-Completes-Acquisition-of-NinjaTrader) - press, checked 2026-10-12 5. [NinjaTrader Prop: Home](https://prop.ninjatrader.com/) - vendor, checked 2026-10-12 6. PipValley Index crawl, 12 Oct 2026 (https://pipvalley.com/tech#methodology) - index, checked 2026-10-12 ## Rithmic sources 1. [Rithmic: Home](https://www.rithmic.com/) - vendor, checked 2026-10-12 2. [Rithmic: For Funding Evaluators](https://www.rithmic.com/solutions/funding-evaluators) - vendor, checked 2026-10-12 3. [Rithmic: About](https://www.rithmic.com/company/about) - vendor, checked 2026-10-12 4. [Rithmic: Compatible platforms](https://www.rithmic.com/ecosystem/platforms) - vendor, checked 2026-10-12 5. [Rithmic: Prop firms ecosystem](https://www.rithmic.com/ecosystem/prop-firms) - vendor, checked 2026-10-12 6. PipValley Index crawl, 12 Oct 2026 (https://pipvalley.com/tech#methodology) - index, checked 2026-10-12