Full text of HRT FINANCIAL LP's X-17A-5 filed 2021-02-26 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ### Notes to Financial Statement ### **1. Organization and Nature of Business** Prior to January 1, 2020, HRT Financial LLC ("HRTF LLC") was owned 98% by Hudson River Trading LLC ("HRT") and 2% by RDC I, Inc. ("RDC"). On January 1, 2020, RDC's interests in HR TF LLC were distributed to the shareholders of RDC who then contributed those interests to HRT Capital LLC ("HCAP"). HCAP then contributed its interests in HRTF LLC to HRT so that on January 1, 2020, HRT became the 100% owner ofHRTF LLC. On November 1, 2020, HRTF LLC converted from a Delaware limited liability company to a Delaware limited partnership and changed its name to HRT Financial LP ("HRTF" or the "Partnership"). On November 1, 2020, HRT contributed 2% ofits ownership interests in HRTF to its wholly owned subsidiary, HRT GP LLC, who became the 2% owner and general partner of HRTF (HRT and HRT GP LLC, collectively, the "Partners"). There were no material changes to HRTF's business operations or activities as a result of this. HRTF is a registered broker-dealer with the Securities and Exchange Commission ("SEC"), a member of the Securities Investor Protection Corporation ("SIPC") and is licensed to transact on various exchanges. The Partnership acts as a dealer in securities and is a market maker on various exchanges. The Chicago Board Options Exchange is HRTF's designated examining authority. HR TF provides liquidity to financial markets and trades financial instruments utilizing a proprietary electronic trading system. The Partnership is managed and operated as one business. Accordingly, the Partnership operates under one reportable segment. HRTF self-clears United States ("US") equity securities and clears its remaining trading activity through unaffiliated clearing firms on a fully disclosed basis using clearing agreements. #### **2. Summary of Significant Accounting Policies** #### **Basis of Presentation** The Statement of Financial Condition has been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). #### **Use of Estimates** The preparation of the Statement of Financial Condition in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the Statement of Financial Condition. Actual results could differ from those estimates. {1}------------------------------------------------ # Notes to Finan…Read the full text as markdown