Ronin LLC fails, positions auctioned by CME

CME Group confirmed that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC. The auction process was completed this morning, March 20, 2020. Though Ronin is a direct clearing member, it does not handle customer business; and no clients were impacted by the auction. The firm was unable to meet its capital requirements going forward.

Related Posts

Previous Post
Bloomberg: Before Fed Acted, Leverage Burned Hedge Funds in Treasury Trade
Next Post
FT: BNY Mellon steps in to support money market fund after outflows

1 Comment. Leave new

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account