Learn what financial instruments are, explore major types and asset classes, and understand how they work in investing, trading, and portfolio construction.

Liz Manning has researched, written, and edited trading, investing, and personal finance content for years, following her time working in institutional sales, commercial banking, retail investing, ...

What is a derivative and how do they work? Despite derivatives (such as stock options) being a core part of the global financial system, with more than $600trn outstanding around the world, few people ...

We are about to defend, and in some cases praise, the use of leverage and derivatives in managing a pension plan. Although that may seem like a fool’s errand given the devastating financial crisis we ...

One of the biggest problems with Basel III and current banking regulation is that it fails to tackle the regulation of derivatives adequately. Far too little information about derivative contracts is ...