Ronin by the Numbers Our team is led by seasoned investors and operators who have previous experience with Bain Capital, Blackstone, and 3G Capital. and here is a pipeline of upcoming deals, via Bloomberg. According to the company, The client had a specific strategy, trading US options and futures, and failed to meet the minimum risk and margin requirements following extreme stress and dislocations in US markets. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/. ThinkDuke & Duke.. Industry fears burden of SECs giant equity market makeover, US insurance regulators move to kill CLO arbitrage, CCP skin in the game still dwarfed by member contributions, California Residents Do not sell my personal information. You need to sign in to use this feature. New York, NY 10017-4036, Chicago Office When Ronin Capital was forced to shed assets at auction last month, it became the biggest financial industry victim in the U.S. of the deadly coronavirus so far, undercutting its legacy as a. If you have one already please sign in. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content. Funding Round Jan 27, 2015. You Arent a Sale Number to Us, We Treat You Like the Person You Are, With Nearly 30 Years of Dedication, Our Experience Becomes Your Benefit, As a Local Team, We Provide Timely, Tailored Service to Meet Your Needs. You are currently unable to copy this content. There is also no proof that it lost money trading VIX futures and options, but it nonetheless seems reasonable because Parplus followed a volatility trading strategy. Utilizing our operational expertise, we drive value creation from deal underwriting all the way through to exit. Ronin Capital is part of the Finance industry, and located in Illinois, United States. It might be able to weather the recent volatility losses that took place through its affiliate Parplus Partners. Jackie did an amazing job getting a deal done fast. Ronin Capital Financial Services Chicago, IL 3,454 followers Follow View all 71 employees About us Ronin Capital is a global, multi-strategy proprietary trading firm headquartered in Chicago. foreign language high school korea 0.00 $ Cart. Opinion. DJI Handheld Gimbals (Affili. https://www.infopro-insight.com/terms-conditions/insight-subscriptions/, Why risk managers dont trust the EUs new IRRBB test, Ion in the fire: three banks call in lawyers after hack, Momentum transformer: an interpretable deep learning trading model, Esma still waiting for Indian response to proposed CCP deal, Risk.nets top 10 investment risks for 2023. Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. Discover more funding rounds. Though Ronin is a direct clearing member, it does not handle customer business; and no clients were impacted by the auction. Please contact info@risk.net to find out more. All rights reserved. To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe. The BofA table below summarizes all the companies that have drawn down on their revolver in response to the Global Corona/Crude Crisis. As a result, corporate borrowers worldwide, including Boeing, Hilton, Wynn, Kraft Heinz and dozens more, drew about $60 billion from revolving credit facilities this week in a franticdash for cashas liquidity tightens. Ronin Capital Fast Facts Note: Revenues for privately held companies are statistical evaluations. Companies are registered in England and Wales with company registration numbers 09232733 & 04699701. Please try again later. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. Ronin Capital Advisors is a fee-based research service. Get the latest business insights from Dun & Bradstreet. New to Risk.net? Case No. Get in touch with our customer services team if this issue persists. To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe. Get in touch with our customer services team if this issue persists. Previously, among other things, the site had touted, Parplus utilizes a wide array of uncorrelated, fundamental, relative value trading strategies, with potential for attractive returns in periods of price discovery, i.e. Heres a look at our key highlights as a firm, 400 5th Avenue, Floor 54New York, NY 10018, Privacy Policy | Terms of Use Policy | 2023 Ronin Equity Partners. By Friday, March 27, Parpluss website had been taken down. CNBC reported that afternoon that sources had told its reporters that Ronin had sustained losses tied to VIX futures and options, contracts traded at Cboe and cleared at OCC, where Ronin was not a clearing member. One source told Risk.net earlier this week that those trades were now in controlled wind. Thursday alone saw $21BN of facilities drawn, just short of the $21.3BN recorded on Tuesday, with Ford ($15.4BN), Kohls ($1BN), TJX ($1BN) and Ross Stores leading the revolving charge. You are currently unable to copy this content. View Eric Dai's business profile as COO000 - Chief Operating Officer at Ronin Capital. In this Options Discovery full interview, Alex Teng sits down with Mat Cashman, principal of investor education at the OIC, to discuss Mats background, the OCC, and volatility. , Rowdy wrote. View our subscription options. Tenth Floor She has raised the bar so high with her incredible knowledge of the business and the extreme care she gives to ALL of her clients. Published by Infopro Digital Services Limited, 133 Houndsditch, London, EC3A 7BX. Terry Duffy, the CME Group's chairman and CEO, told CNBC the auction process was completed. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! https://www.infopro-insight.com/terms-conditions/insight-subscriptions/, Why risk managers dont trust the EUs new IRRBB test, Ion in the fire: three banks call in lawyers after hack, Momentum transformer: an interpretable deep learning trading model, Esma still waiting for Indian response to proposed CCP deal, Risk.nets top 10 investment risks for 2023. Built in Austin Fresh out of stealth mode, cybersecurity blockchain startup ALTR raises $15M. MF Global was a complete disaster for any traders who cleared them, especially option traders/groups with big positions. The A udio v isual I dentity D atabase ( AVID) is a collaborative database of on-screen logos, idents, bumpers, and other forms of audiovisual identity from all around the world that anyone can edit. Compliance departments do not forbid solicitation of professional services for personal use. Was Archegos default a one-in-a-million event? As a result, Ronin's net capital also fell below the required $250,000 minimum amount on 12 trade dates between April Risk.net, fx-markets.com, waterstechnology.com, centralbanking.com, postonline.co.uk, insuranceage.co.uk, risktech-forum.com and chartis-research.com, Want to know whats included in our free membership? CME Group Inc., owner of the worlds largest futures exchange, said that it held auctions to sell Ronin positions after the firm was unable to meet its capital requirements.. Carney told the publication that Parpluss strategy is to invest in S&P 500 index positions, with a portion of the funds portfolio set aside for volatility trading through VIX options and VIX ETFs.. You are currently unable to print this content. What sparked the collapse? Ronin Capital is now using Rival to trade options and futures on the Hong Kong Futures Exchange and Osaka Securities Exchange. Choose your news we will deliver. v. Ronin Capital, LLC et al. Ronin has completed two of an expected four platform deals as part of their inaugural fund, which closed on commitments of some $300 million in March from family offices including Landon. A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of what eventually became known as Ronin Capital in late 2001 - rose to prominence on the floor of the Chicago Board Options Exchange (CBOE) in the 80's and early 90's. If you dont have a Risk.net account, please register for a trial. Interested ServiceTitle InsuranceReal Estate Closing, Preferred Method of Contact It is classified as operating in the Securities, Commodity Contracts & Other Financial Investments industry. Or at least not directly: after all, like every other prop trader, Ronin invests outside the capital, and in this case, said capital is about to be much less. I already receive Alphacution newsletters. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. The auction process was completed this morning, March 20, 2020. The Depository Trust & Clearing Corp. is working with Ronin and regulators on an orderly wind-down, the agency said Friday in a statement. London, United Kingdom Head of STIR options market making - Euribor, short sterling STIR options market maker Fiscus Fund Management LLP Sep 2006 - Sep 2008 2 years 1 month. She responds quickly, is extremely open with her communication and delivers on the expectations that she sets. The good news is that unlike that other CME disaster, MF Global when Ronin which is responsible for trades made on the exchange no customers were harmed. What was the connection with portfolios at CME? March 20, 2020, 9:27 PM Ronin Capital LLC, a proprietary trading firm, shuttered operations as volatile swings in markets left it unable to meet obligations. To use this feature you will need an individual account. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Company Ronin Capital Location United States, Illinois, Chicago Last Update 2022-09-12 Ronin Capital Group, LLC Toggle navigation Home Solutions Contact We Provide - Focused and results-driven, we have designed and engineered scalable, cost-effective solutions to meet business and customer needs. We think a growing forward trend is a combination of pressure on crypto currencies, particularly Bitcoin (Ethereum has software applications that, Ever since JP Morgan CEO Jamie Dimon first denounced bitcoin waaaaay back during the heady crypto-rally of 2017 (shortly beforewe revealed that JP Morgans asset-management, How to sell Bitcoin? Effective . 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