ABN AMRO Clearing: Source of $200 Million Mystery Loss Revealed

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever.” – Steve Jobs

 

In an article published today (March 26) by Risk.net based on a statement also released today from ABN AMRO (below), new details about the demise of Ronin Capital emerge – along with that of a “mysterious second default.”  According to Risk.net, a spokesperson for ABN AMRO has repeatedly suggested Ronin was not the source – a US client – of the $200 million (net) loss.

It’s just a matter of time now before we learn of another potential victim of this latest volatility spike…

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Update 9:59PM NYC:

Well, that was fast! The source of $200 million loss revealed by Risk.net as New York-based Parplus Partners, an equity volatility hedge fund with close ties to Ronin…

Until next time, stay safe out there…

By | 2020-03-26T22:45:45+00:00 March 26th, 2020|Alphacution Feed|

About the Author:

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. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas. Contact: feedback@alphacution.com; Follow: @alphacution.