There are a few protections afforded to retail clients that professional clients don’t receive.
Negative balance protections don’t apply to professional clients, who have an obligation to make additional payments if their account falls into a negative balance.
We need to use clear language when talking to retail clients, but we can use more sophisticated language when talking to our professional clients.
We may assume a level of knowledge and experience when assessing whether our products are appropriate for professional clients.
We owe our clients a duty of best execution when executing orders. For retail clients we must prioritise overall prices and cost of a transaction in doing this. For professional clients we may prioritise other factors such as speed and likelihood of execution, if we determine they are equally or more important than overall price. In practice, it won’t change the way we execute your orders