Who owns Ronin Capital?
John Stafford III
Ronin is owned by John Stafford III and his father, John Stafford Jr. It was a proprietary trading firm that traded only for its owners and not for clients.
How did Ronin Capital fail?
On Friday March 20th, Ronin Capital two central counterparty clearing houses (CCPs) commenced liquidation of Ronin Capital’s portfolios. This failure was due to the downstream effects of COVID-19 on the markets. CME auctioned off Ronin Capital’s futures portfolio with no impact to other clearing members.
What does Ronin Capital do?
Ronin Capital is a global, multi-strategy proprietary trading firm headquartered in Chicago with offices in New York, London (Ronin Capital UK Limited) and Hong Kong (Ronin Capital Hong Kong Limited).
Is Ronin Capital still in business?
Ronin Capital LLC , a proprietary trading firm, shuttered operations as volatile swings in markets left it unable to meet obligations.
What does spot mean in trading?
Spot trades involve securities traded for immediate delivery in the market on a specified date. Spot trades include the buying or selling of foreign currency, a financial instrument, or commodity. Many assets quote a “spot price” and a “futures or forward price.”
What is forward in trading?
Forward trading is a transaction between a buyer and seller to trade a financial asset at a future date, at a specified price. The price of this asset and trade date is agreed beforehand as part of a forward contract. This means that the contract’s value is based upon the stability of the underlying asset.
What is PPP macroeconomics?
Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries’ currencies through a “basket of goods” approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries.
