A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of what eventually became known as Ronin Capital in late 2001 - rose to prominence on the floor of the Chicago Board Options Exchange (CBOE) in the 80's and early 90's. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Sign up for service and obituary updates. CME said the firm was unable to meet its capital requirements going forward. / Ronin Capital, LLC; Ronin Capital, LLC. He also sits on the board of several companies including Clinical Micro Sensors, Inc., All Optical Networks, Inc. and sat on the board of Xencor for 18 years before resigning in 2016. Let others know about your loved one's death. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Board of Directors. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Sign up for service and obituary updates. The company was involved in proprietary trading operations and venture capital investments. Leave a memory or share a photo or video below to show your support. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. Don't miss Crain's in printright on your screen. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Their fraud involved selling securities in the form of membership units in a real estate investment fund known as the NRIA Fund to at least 1,800 investors across the country, including 380 investors in New Jersey. Do Not Sell or Share My Personal Information. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. Xencor, Inc.. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. The principals also hired family-owned or controlled companies, including a construction firm where Salzanos son was the Chief Financial Officer, and companies owned by Grabatos relatives that were used to create imposter entities and websites. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Ronin is a member of various exchanges including the Boston Options Exchange, Inc., the Chicago Board Options Exchange, Inc., the CME Group, Inc. (CME, CBOT, NYMEX and COMEX), NASDAQ OMX PHLX, NYSE Arca Inc., the International Securities Exchange, LLC, the Dubai Mercantile Exchange, Limited, EUREX Frankfurt AG, NYSE Liffe US, and the Fixed Income Clearing Corporation. Ronin's space on the second floor at its River North home includes high-end finishes such as a smooth stone conference room table and stylish pillars reminiscent of tree trunks. Send a note, share a story or upload a photo. SI-NO CHANGE view. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Ronin Capital Chooses SR Labs Low Latency Market Data Feed Handlers, CME Group announces auction of clearing firm Ronin Capital's portfolios, http://www.marketswiki.com/wiki/index.php?title=Ronin_Capital&oldid=219346, Proprietary trading operations, brokerage services. Stafford Trading was acquired by TD Options in 2001. It's unclear what exactly hammered Ronin, but in March the firm was forced by futures exchange operator CME Group to auction some of its assets because it "was unable to meet its capital requirements going forward," CME said in a statement at the time. Ronin Capital is part of the Finance industry, and located in Illinois, United States. John is pre-deceased by his parents, John & Marie Mason (nee Strain). In addition to the purported billion-dollar-plus real estate development enterprise, NRIA also invested up to a quarter of all investor funds in commercial mortgage-backed securities, the bulk of which were below investment grade (otherwise known as junk bonds), in an effort to generate returns it had promised to investors but could not deliver through the NRIA Funds real estate projects. Sign up for our newsletter and stay up to date on all Alphacution research Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. The firm moved to 350 N. Orleans in 2010, expanding from about 43,000 square feet in the Federal Reserve building at 230 S. LaSalle St. Ronin had as much as $21 billion of trading assets in 2018but fell hard earlier this year as the onset of the COVID-19 pandemic triggered wild stock market volatility. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Copyright 2023 Surperformance. Leave a memory or share a photo or video below to show your support. - Shakespeare: Hamlet Act 5, Scene 2 UPDATE HERE (3/26/2020) Last Friday, March 20, CNBC was first to report that "one of theCMEs direct clearing firms was unable to meet its capital requirements. {{{org}}}. Meet the Team 5. If it be now, tis not to come, if it be not to come, it will be now; if it be not now, yet it will come. Ronin Capital formally withdrew its broker registration last month, according to Financial Industry Regulatory Authority records, ending a nearly 19-year run that saw it become one of the biggest names in Chicago proprietary trading. Ronin Capital serves customers worldwide. Education It was a proprietary trading firm that traded only for its owners and not for clients.[4]. The majority owner of Ronin Capital is Zen Holdings, LLC. Advanced search Log in Forgot password ? A Mass of Christian Burial will occur Saturday at 9:30 AM at . Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. Xencor website. This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. Missing Crain's in print? OUR PRIORITY. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. InsiderMonkey.com. Stafford graduated from the University of Chicago. All rights reserved. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. It is critical that investors Check Before You Invest. Investors can obtain information, including the registration status and disciplinary history, of any financial professional doing business in or from New Jersey, by contacting the Bureau toll-free within New Jersey at 1-866-I-INVEST (1-866-446-8378) or from outside New Jersey at 973-504-3600, or by visiting the Bureaus website (http://www.njsecurities.gov/). The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers Printer Friendly View Address: 350 E Cermak Rd Chicago, IL, 60616-5507 United States See other locations Phone: Website: www.ronin-capital.com Employees (this site): Modelled ESG ranking: ESG industry average: What is D&B's ESG Ranking? 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It may take up to 1 hour for your comment to appear on the website. Paul Rowady is the Director of Research for Alphacution Research Conservatory, a research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of [], Anything in here will be replaced on browsers that support the canvas element. Read the John Lothian Newsletter. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . The company was involved in proprietary trading . River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Send a note, share a story or upload a photo. Ronin Capital LLC operates as an institutional brokerage firm. The Company offers portfolio management, capital raising, financial planning, and advisory services. ALL RIGHTS RESERVED. Beloved husband of Betty Mason (nee Hart) for 67 years. 6 Jul 2020. The company's filing status is listed as Inactive and its File Number is 180984-91. This use of repurchase transactions to create leverage significantly increased the risk of the junk commercial mortgage-backed securities portfolio to the NRIA Fund investors, but the risk was never disclosed to them. ALL RIGHTS RESERVED. 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