Rithmic

Our Take on Rithmic

Plans, Features, Costs

Rithmic connects exchange and venue market data with trading platforms. The supported CME group exchanges are CBOT, Comex, CME, and NYMEX, and additional exchanges and venues are MGEX, NASDAQ, and ICE.

The Rithmic data feed is non-aggregated, gives you the option for MBO (market by order) and MBP (market by price) data, comes with full market depth, and tick by tick data.

Trading Tool

R|Trader Pro: R|Trader Pro is Ritmic’s in-house trading platform, with features like market depth, 100 trading studies, real-time connections to Microsoft Excel, charts, and more. Webtrading is also available, plus an app for iOS and Android.

Traders, system developers, introducing brokers, futures commission merchants, and funding evaluators belong to Rithmic’s clients.

Use Cases:

• You use Rithmic’s R|Trader Pro platform for your funding evaluations of your prop firm. Simply open R|Trader, place your trades, and everything gets logged there.
• Alternatively, Rithmic’s R|Trader Pro platform allows you to manually place trades and send the orders to your connected futures broker, like AMP Futures.
• Or, let’s say you are using NinjaTrader for trading strategy development. You can connect NinjaTrader to Rithmic, and then you connect Rithmic to your futures commission merchant or broker like Wedbush Futures or Optimus Futures. This way, you can place your orders in NinjaTrader and they will be executed on your Optimus Futures account.

Rithmic Costs

There are no direct fees for the R|Trader Pro platform. However, since Rithmic connects the market data with your platform, you have to pay market data fees.

If you are a prop trader and within evaluation, you typically don’t pay a separate exchange fee like for the CME. Instead, the costs are included in your prop firm evaluation fee.

Once you get funded with a real-money account, or if you connect your trading platform via Rithmic to your broker, you have to pay for exchange fees.

Rithmic charges those fees for any single instance and any device. Let’s say you use two tools, NinjaTrader and Quantower, and you connect both via Rithmic to your futures broker and only trade CBOT products. You also use both on your Windows computer at home and on your computer at work. Now, you have to pay CBOT fees 4 times, one for each front-end tool and one for each location.

Brand Popularity

Rithmic has continuously grown in popularity. We’ve evaluated the number of monthly global searches for the brand name.

Read Customer Reviews of Rithmic.com

Rithmic currently has a Trustpilot rating of 1.8 out of 5, based on only 23 reviews, which is categorized as Poor. However, the Rithmic profile on Trustpilot is unclaimed, so the ratings are neither moderated nor checked by any means. Some of the customer reviews appear not to be relevant to this software.