RESTRICTED CASH AND DUE TO BROKER

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

RESTRICTED CASH AND DUE TO BROKER

RESTRICTED CASH AND DUE TO BROKER

As of December 31, 2017, the Company is required to maintain certain cash balances with counterparties for broker activity and collateral for the Company's repurchase agreements in non-interest bearing accounts.

The following table presents the Company's restricted cash balances as of December 31, 2017 and December 31, 2016:

	December 31, 2017			December 31, 2016
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	(1,123,463	)	$	(4,244,678	)
Repurchase counterparties as restricted collateral	11,275,263			10,355,222
Total	$	10,151,800		$	6,110,544