Welcome
Securities Law News

Ronin Capital Forced to Shut as Global Market Freefall Continues

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.

The Depository Trust & Clearing Corp. is working with Ronin and regulators on an orderly wind-down, the agency said Friday in a statement. CME Group Inc., owner of the world’s largest futures exchange, said that it held auctions to sell Ronin positions after “the firm was unable to meet its capital requirements.”

Chicago-based Ronin was started nearly 20 years ago and has offices in London, Hong Kong and New York. It was active in fixed income, equities and...

To read the full article log in. To learn more about a subscription click here.