Clearing firm Ronin Capital unable to meet capital requirements at CME: Sources

March 20th, 2020, 04:13 PM

CNBC :- Clearing firm Ronin Capital unable to meet capital requirements at CME: Sources
https://www.cnbc.com/2020/03/20/clearing-firm-ronin-capital-unable-to-meet-capital-requirements-at-cme-sources.html

The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios.

and
Additional sources said Ronin�s problems stemmed from positions in futures tied to the CBOE Volatility Index, or the security that tracks market volatility.

March 20th, 2020, 04:32 PM

I actually applied for a prop-trading position there about a year or so ago, before I started to really believe in myself and my abilities. I wonder what the positions in the VIX they had on were.

Clearing firm Ronin Capital unable to meet capital requirements at CME: Sources

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Clearing firm Ronin Capital unable to meet capital requirements at CME: Sources