Choate represented NinjaTrader in the transaction.
NinjaTrader, a portfolio company of Long Ridge Equity Partners, executed 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.
Tradovate, LLC launched in April 2016 as an online futures brokerage firm dedicated to meeting the needs of active retail traders. The firm offers a modern, cloud-based futures trading platform and subscription-based, commission-free trading.
The Choate team included Michael Bevilacqua, Associate, Kevin Constantine, Associate, Rob Giacchetti, Principal, Sue Kim, Associate, Lyndsey M. Kruzer, Principal, Olivier Léger, Partner, Wells W. Miller, Partner, Sarah S. Moore, Associate, Scott Moore, Of Counsel, Marc W. Morelli, Associate, Elizabeth Pion, Associate, Elizabeth Powers, Of Counsel, Daniel P. Riley, Partner, and Juan Sebastian Sanchez, Associate.
Involved fees earner: Michael Bevilacqua – Choate; Kevin Constantine – Choate; Rob Giacchetti – Choate; Sue Kim – Choate; Lyndsey Kruzer – Choate; Olivier Léger – Choate; Wells Miller – Choate; Scott Moore – Choate; Sarah Moore – Choate; Marc Morelli – Choate; Elizabeth Pion – Choate; Elizabeth Powers – Choate; Daniel Riley – Choate; Juan Sebastian Sanchez – Choate;
Law Firms: Choate;