RESTRICTED CASH AND DUE TO BROKER

3 Months Ended

Mar. 31, 2018

Cash and Cash Equivalents [Abstract]

RESTRICTED CASH AND DUE TO BROKER

RESTRICTED CASH AND DUE TO BROKER

As of March 31, 2018, 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 and due to broker balances as of March 31, 2018 and December 31, 2017:

	March 31, 2018			December 31, 2017
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	(13,741,125	)	$	(1,123,463	)
Repurchase counterparties as restricted collateral	11,658,225			11,275,263
Total	$	(2,082,900	)	$	10,151,800