Retail
futures trading platform NinjaTrader has appointed Tobin McDaniel as its new
President, continuing the wave of executive hires that began a few months ago.
NinjaTrader Taps Fintech
Veteran Tobin McDaniel as New President
McDaniel
brings 15 years of experience in retail trading and investing to NinjaTrader.
He most recently served as Head of SoFi Invest and previously held senior
positions at Charles Schwab, where for more than 10 years he spearheaded
initiatives to enhance services for self-directed investors.
“Tobin
brings an impressive array of experience scaling consumer driven companies in
the fintech space,” said Martin Franchi, CEO at NinjaTrader.
“His industry expertise and passion to serve the individual investor will help
us further our ultimate goal of providing the best tools, support, and
experiences to the fast-growing retail futures trading community.”
At Charles
Schwab, McDaniel led the development of personalized investing products and
grew the company’s digital advice business to over $50 billion in assets under
management. He also launched Schwab’s innovation lab.
“Providing
better user experiences, more content, and tools will help ensure that traders
of all experience levels have the guidance they need to make smarter investment
decisions, particularly for newer retail traders looking to enter the futures
space,” said McDaniel.
Last year, NinjaTrader
unveiled a new version of its platform, having added multi-device trading integration
a few months earlier. This coincided with a brand refresh and the launch of a
new website and logo.
NinjaTrader Expands
C-Suite
The
appointment comes as NinjaTrader seeks to capitalize on increasing demand for
accessible futures trading among retail investors. The
company has been on a hiring spree, bringing in several new executives to
support its growth plans.
In May, the
company welcomed four seasoned executives to enhance its leadership team. Ryan
Pitylak joined as Executive Vice President of Growth, tasked with enriching
trader education and expanding partnerships. Previously, he contributed to
ZenBusiness’s acquisition of $275 million in funding.
Aditya
Nishandar, now Chief Technology Officer, aims to spearhead technological
innovations, bringing over a decade of experience from Goldman Sachs and Carta
Liquidity. John O’Neil, appointed General Manager of Evaluation Services, focuses
on improving experiences for retail proprietary traders, leveraging his
background at FXCM.
Michael
Krafft, the new Vice President of Product, is set to develop client-oriented
applications, drawing on his previous roles at TrueML, Alight Solutions, and
American Express.
NinjaTrader
has experienced a visible growth in recent years, buoyed by strong
institutional support for retail futures trading. Founded in 2003, NinjaTrader
now serves over 1.7 million traders globally with its cloud-based futures
trading platform.
This article was written by Damian Chmiel at www.financemagnates.com.
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