Negative Balance Protection: Your Losses Can't Exceed Your Deposit
Why some brokers must absorb your losses when markets gap, and why that guarantee depends on where you trade.
Why some brokers must absorb your losses when markets gap, and why that guarantee depends on where you trade.
Contingent convertible bonds were built to make banks safer, but their most famous moment showed how messy that promise can get.
A plain-language tour of the messaging standard that quietly moves orders between banks, brokers and exchanges — and why the details matter.
Two kinds of collateral do two different jobs — one settles yesterday's losses, the other guards against tomorrow's.
New bank resolution rules mean failing banks can pass losses to creditors instead of taxpayers, and that shifts the risk brokers carry.
A plain-language look at what actually protects your currency trade while it settles — and the specific gaps that no system can fully close.
Your broker may be paid for sending your trade to a market maker — here's how that works, and how the rules try to keep it from costing you.
Profit splits get the headlines, but the rules attached to them shape your real earnings.
Position limits and accountability levels sound technical, but they answer one plain question: how big is too big for a single market participant?
What actually happens when someone sells shares they don't own — and why regulators care so much about the paperwork.
Regulators have built several ways for you to check how well a broker actually fills your orders — and some of them are quietly disappearing.
Segregation rules, reconciliation checks and insolvency protections work together to keep client money separate from a broker's own cash — here's what that means for you.
A plain-language guide to the voluntary standards that shape how brokers, liquidity providers and trading platforms behave in the world's largest financial market.
Exchanges and brokers use price bands, limits and circuit breakers to keep one mistyped order from becoming everyone's problem.
A plain-language look at trade reconstruction and audit trails, and why watchdogs can rebuild the market minute by minute.
Segregated margin and portfolio margining sound like plumbing, but they decide whether your collateral is protected — and how much trading costs.
When securities settle in one day instead of two, the currency trade behind them has to keep up — and that changes how brokers fund and settle FX.
Central banks are testing new settlement rails for large payments that could make cross-border money move faster — and shift how liquidity pools.
A voluntary set of global principles shapes how brokers, liquidity providers and e-trading platforms behave in the world's biggest market — and disclosure is how you check.
A global bank rulebook sorts cryptoassets into safer and riskier groups, and the harshest category asks a bank to hold capital equal to its entire exposure.
Before a retail broker fills your trade, MiFID II rules require it to take all sufficient steps to get you a genuinely good result — not just any result.
Net Open Position is the one number that tells an FX or crypto desk how much currency risk it carries once every buy and sell is netted out.
Global anti-money-laundering rules now require crypto businesses to share sender and receiver details with each transfer — here's what that means for everyday users.
The Volcker Rule stops federally protected banks from betting with their own money, and regulators use customer demand, limits and paperwork to tell a service from a wager.
Settlement prices are carefully set reference prices that keep futures markets fair — here's how they're calculated and protected.
Markets now move at machine speed; here's how regulators and firms use kill switches, pre-trade checks, and order limits to keep algorithmic trading safe.
Across Europe and Australia, regulators now cap how much leverage retail traders can use—here's how the rules work and what they mean for you.
Europe's first comprehensive crypto law is turning brokers into licensed, tightly supervised firms — here's what changes for them, and for you.
A plain-language guide to segregation, trust accounts and compensation schemes — what they cover, where the gaps are, and what it means for you.
Initial margin pre-funds future replacement risk after a default; variation margin settles today's mark-to-market move.
A practical look at fair prices, slippage, requotes and last look windows—and the simple records that make them visible.