| Fail | |
 A transaction that has not been settled before a deadline. |
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 Presently, firms have three days after the date of a trade to settle stock transactions. Within this timeframe, securities and cash must be delivered to the clearing house for settlement. If firms are unable to meet this deadline a fail will occur. Settlement requirements for stock, options, futures contracts, forwards, and fixed-income securities differ. |
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 Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind-the-scenes when you buy or sell a stock? Read on and find out! Futures Fundamentals - For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work, why investors use them, and much more. Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial. |
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