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Ronin Capital, LLC was a prominent proprietary trading firm headquartered in Chicago, specializing in derivatives, equities, and fixed income across global financial markets. Established in 2001, the firm was known for its advanced technology, quantitative trading strategies, and significant presence in electronic trading and market making. Ronin Capital faced severe financial distress following the 2011 collapse of MF Global, one of its key clearing firms, which restricted access to substantial funds. This ultimately led to Ronin Capital filing for Chapter 11 bankruptcy protection in February 2015 and subsequently winding down its operations.
Served as the central hub for the firm's global proprietary trading activities, risk management, technology development, and administrative operations.
Likely featured state-of-the-art trading floors, robust IT infrastructure, high-speed data connections to exchanges, and collaborative workspaces designed for high-frequency trading and strategy development.
Characterized by a fast-paced, high-pressure, and intellectually demanding environment typical of proprietary trading firms. It emphasized analytical skills, rapid decision-making, technological prowess, and a results-oriented approach. Collaboration among traders, quantitative analysts, and software developers was essential.
The Chicago headquarters was critical to Ronin Capital's operations, strategically placing it at the heart of the derivatives market and facilitating direct access to major exchanges like the CME Group. It was the nerve center for its global trading strategies.
During its operational years, Ronin Capital actively traded across major global financial markets, including North America, Europe, and potentially parts of Asia. Its operations were heavily reliant on sophisticated technology that enabled participation in various asset classes like derivatives, equities, and fixed income on a near 24-hour basis. The firm leveraged its Chicago headquarters and its London office (Ronin Capital Europe, Ltd.) to maintain its international footprint in the electronic trading landscape before its operations were wound down.
30 South Wacker Drive, Suite 2020
Chicago
Illinois
USA
Address: New Broad Street House, 35 New Broad St, London, EC2M 1NH (Former address of Ronin Capital Europe, Ltd.)
Served as a key hub for accessing European financial markets, providing time-zone coverage, and tapping into London's financial talent pool.
Address: [Specific address not widely publicized, typically in the financial district]
Focused on East Coast market access, proximity to Wall Street, and leveraging New York's financial ecosystem.
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As of April 2025, Ronin Capital' leadership includes:
Ronin Capital has been backed by several prominent investors over the years, including:
No executive hires or exits have been reported in the last 12 months as Ronin Capital LLC largely ceased operations following its 2015 bankruptcy. Executive activity prior to this period related to managing the firm's financial challenges, navigating the MF Global fallout, and overseeing the subsequent wind-down and bankruptcy proceedings.
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Based on common corporate email patterns and the historical domain 'ronincap.com', the likely email formats used by Ronin Capital employees were combinations of first name/initial and last name. These formats are no longer active.
jlast@ronincap.com (e.g., John Smith -> jsmith@ronincap.com) or first.last@ronincap.com (e.g., john.smith@ronincap.com)
Format
jsmith@ronincap.com
Example
0 (Domain ronincap.com is no longer active and the company has ceased operations)%
Success rate
Reuters • February 9, 2015
Chicago-based proprietary trading firm Ronin Capital LLC filed for Chapter 11 bankruptcy protection. The firm cited significant financial distress stemming from the 2011 collapse of MF Global, where Ronin had substantial funds frozen, leading to a prolonged wind-down of its business....more
Daiwa Securities Group Inc. (Press Release) • July 2, 2007
Daiwa Securities America Inc., a subsidiary of Daiwa Securities Group, announced it had acquired a 30% equity interest in Ronin Capital, LLC from R.J. O'Brien & Associates. The investment was aimed at enhancing Daiwa's proprietary trading capabilities, particularly in the U.S. derivatives markets....more
Various Financial News Outlets (e.g., Wall Street Journal, Financial Times) • November 2011
Following the bankruptcy of MF Global in late October/early November 2011, Ronin Capital was identified as one of the firms with significant funds held at MF Global. This event triggered severe liquidity problems for Ronin and was a primary catalyst for its eventual financial difficulties and bankruptcy....more
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