# Rithmic vs Tradovate Prop

> Rithmic vs Tradovate Prop for prop firms, from each vendor’s published material. Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). Tradovate Prop publishes no price list; pricing is by quote (no B2B pricing for prop firms published; trader-facing promotions only).

- Source: https://pipvalley.com/tech/compare/rithmic-vs-tradovate
- 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 | Rithmic | Tradovate Prop |
|---|---|---|
| What it is | 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. | Tradovate Prop is a futures trading platform for prop traders, offered through partner prop firms and run by NT Technologies, an affiliate of Kraken-owned NinjaTrader Group. |
| Type | Futures data and order routing, Futures platform | Futures platform, Trading platform |
| Company | Rithmic, LLC | NT Technologies, LLC (affiliate of NinjaTrader Group, LLC) |
| Parent / owner | Not published | NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken) |
| Headquarters | 1 Ramland Road, Orangeburg, New York 10962, USA | Not published |
| Founded | 2006 (Pearl River, New York) | Prop brand launched 1 October 2025 |
| Markets | Futures | Futures |
| Platforms | R / Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader, Optimus Flow | Tradovate, TradingView |
| Delivery model | API, SaaS | SaaS |
| Published pricing | Quote only | Quote only |
| Pricing note | No prices for prop firms or institutions published; businesses are directed to contact Rithmic. | No B2B pricing for prop firms published; trader-facing promotions only. |
| Risk and capital | 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. | Platform provides trader-side risk controls; evaluations and funding are run by the partner prop firm. No statement on payout risk. |
| Builds marketing sites | No. Infrastructure vendor; no marketing-site product found. | No. No marketing-site or white-label product for firms found; firms are listed in Tradovate Prop's own directory. |
| Integrations listed | CME, EUREX, Nasdaq | TradingView |
| PipValley Index | Rithmic: 25 of 529 | Tradovate: 14 of 529 |
| Status | Active | Active |

## Verdict by use case

- **You want a published price to budget against**: Neither states it. Rithmic: quote only. Tradovate Prop: quote only. As published, checked 12 Oct 2026.
- **You run futures challenges**: Either. Rithmic lists Futures; Tradovate Prop lists Futures.
- **You want a name traders already see at other firms**: Rithmic. PipValley Index, 12 Oct 2026: Rithmic 25 of 529 firm sites; Tradovate Prop 14 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.

## Questions

### What is the difference between Rithmic and Tradovate Prop?

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. Tradovate Prop is a futures trading platform for prop traders, offered through partner prop firms and run by NT Technologies, an affiliate of Kraken-owned NinjaTrader Group.

### Which is cheaper, Rithmic or Tradovate Prop?

Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). Tradovate Prop publishes no price list; pricing is by quote (no B2B pricing for prop firms published; trader-facing promotions only). Prices are on different bases, so compare them at your expected account volume and revenue.

### Which is used by more prop firms, Rithmic or Tradovate Prop?

In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 25 show Rithmic. In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 14 show Tradovate. These count firms whose public pages show each vendor, not customers.

### Which trading platforms do Rithmic and Tradovate Prop support?

Rithmic: R | Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader and Optimus Flow. Tradovate Prop: Tradovate and TradingView.

### Do Rithmic and Tradovate Prop support futures?

Rithmic lists Futures; Tradovate Prop lists Futures.

### Who carries payout risk on Rithmic and Tradovate Prop?

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. Tradovate Prop: Platform provides trader-side risk controls; evaluations and funding are run by the partner prop firm. No statement on payout risk.

### Can you use Rithmic and Tradovate Prop together?

Neither lists the other among its platforms or integrations (checked 12 Oct 2026). Ask both vendors before you plan on it.

### Do Rithmic or Tradovate Prop build prop firm websites?

Rithmic: no. Tradovate Prop: no. PipValley designs and builds prop firm websites that connect to either.

### Who is behind Rithmic and Tradovate Prop?

Rithmic: Rithmic, LLC; 1 Ramland Road, Orangeburg, New York 10962, USA. Tradovate Prop: NT Technologies, LLC (affiliate of NinjaTrader Group, LLC); NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken)

### What do Rithmic and Tradovate Prop claim?

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. Tradovate Prop: They say it is the #1 platform for prop traders. They say it is designed for 99.9%+ uptime. Their own statements, not verified outcomes.

## 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

## Tradovate 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. [Tradovate Prop: Home](https://prop.tradovate.com/) - vendor, checked 2026-10-12
6. [NinjaTrader Prop: Home (operator disclosure)](https://prop.ninjatrader.com/) - vendor, checked 2026-10-12
7. PipValley Index crawl, 12 Oct 2026 (https://pipvalley.com/tech#methodology) - index, checked 2026-10-12