Forex · WFN explainerThe U.S. goods-and-services deficit widened in August because the increase in imports exceeded the increase in exports. The same release showed a smaller deficit over the year to date, making the comparison period central to the story.
Forex · WFN explainerISM’s September manufacturing report showed continuing expansion in the survey’s headline measure alongside a higher prices index. That combination gives the dollar desk separate activity and input-cost observations, rather than one unambiguous policy signal.
Forex · WFN explainerOn 15 January 2015, the Swiss National Bank discontinued its minimum exchange rate of CHF 1.20 per euro. Reading the original announcement separates the documented policy change from later narratives about trading losses and execution.
Crypto · WFN explainerThe Ethereum Foundation’s Access Cluster published research on native transaction assertions on 5 October. The proposal addresses a concrete security distinction: authorising a transaction does not necessarily establish that its final economic outcome matches the signer’s intention.
Crypto · WFN explainerAn Ethereum Foundation blog post on 1 October introduced zkAPI as a way to separate payment authorisation from billing identity for metered APIs. The authors also distinguished that payment privacy from the information an API provider can still observe.
Crypto · WFN explainerThe SEC announced proposed crypto-custody rules on 1 October for registered investment advisers and regulated funds. The record concerns a proposed framework, so its permissions should not be reported as already available under a final rule.
Crypto · WFN explainerThe CFTC published an advance notice on 5 October seeking input on a framework for certain retail crypto-asset transactions. The action records the start of a regulatory process rather than the completion of a new operating regime.
Brokerage · WFN explainerThe SEC announced proposed amendments to its fund cross-trading rule on 9 October. The proposal would expand eligible securities, including most fixed-income securities, while changing conditions governing pricing, oversight and transparency.
Brokerage · WFN explainerIn a 6 October announcement, the SEC said it sought a final consent judgment against former Western Asset co-CIO Stephen Kenneth Leech II. The record focuses on the proposed resolution of a case involving allegedly delayed trade allocation.
Brokerage · WFN explainerThe SEC’s Division of Examinations announced a new handbook on 1 October. The publication provides registrants with a more detailed account of the examination process, making the regulator’s procedural expectations easier to identify.
Brokerage · WFN explainerOn 5 October, the CFTC’s Division of Market Oversight announced conditional no-action relief for designated contract markets converting certain perpetual-style index futures. The announcement includes protections for holders of existing positions and a stated expiry for the staff position.
Binary Options · WFN explainerThe CFTC announced a proposal on 9 October to expressly include event contracts in the definition of a swap. The development belongs in event-contract coverage, with the proposal’s procedural status kept separate from the agency’s stated jurisdictional position.
Binary Options · WFN explainerOn 9 October, the CFTC announced an interim final rule codifying an exclusion for casino-style gambling products from the swap definition. Its press release specifies the publication event that triggers effectiveness, so the announcement date should not be silently substituted for it.
Binary Options · WFN explainerA CFTC order announced on 31 July concerned trading in an event whose outcome the participant could influence directly. The case provides a documented example of why event-contract surveillance needs to examine the trader’s relationship to the underlying event.
Binary Options · WFN explainerThe SEC’s April 2021 announcement about Spot Tech House, formerly Spot Option, described allegations involving online binary options and white-label distribution. This historical review examines that complaint’s stated operating model, without presenting the allegations as adjudicated facts.
Forex · WFN explainerA currency with the higher nominal interest rate does not necessarily offer the higher return in purchasing-power terms. The comparison depends on which inflation measure is used and when that inflation occurs.
Forex · WFN explainerA narrowing trade deficit can coexist with a widening current-account deficit. The apparent contradiction disappears once goods, services and income flows are placed in separate columns.
Forex · WFN explainerAn announced rate increase can contain little new information if it was already expected. Currency analysis needs the gap between the announcement and the prior expectation, as well as any change in the future policy path.
Forex · WFN explainerMultiplying or dividing midpoint quotes can produce a clean currency cross on a spreadsheet. A tradable route needs the correct side of each underlying market, plus the timing and size of both legs.
Forex · WFN explainerA hedge ratio is only as stable as its denominator. When a forecast receivable changes, an unchanged hedge can leave a business with more currency committed for delivery than it expects to receive.
Crypto · WFN explainerA price delivered to a smart contract can be correctly formatted and faithfully recorded while describing an earlier market. Oracle review therefore needs a clock as well as a number.
Crypto · WFN explainerA swap can have a large expected price impact even when its slippage tolerance is small. The first describes how the trade interacts with available liquidity; the second constrains how far execution may differ from the quote.
Crypto · WFN explainerKeeping a signing key away from an everyday computer addresses one custody problem. It does not decide whether the transaction presented for approval does what its owner intends.
Crypto · WFN explainerAn asset can be usable inside a rollup before a withdrawal makes it available on Ethereum Mainnet. Treasury planning needs the exit process, rather than only the speed of an internal transaction.