--- title: "Banking and Exchange" description: "Help for broker-dealers, exchanges and banking platforms comparing professional, technology, crime and bond terms against their customer assets and trading systems." canonical: "https://spot.insure/insurance-for/banking-and-exchange" page-type: "product" entities: ["Spot"] entity: "Spot" page-role: "product" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/insurance-for/banking-and-exchange) ## Agent Guide **What this page is:** Help for broker-dealers, exchanges and banking platforms comparing professional, technology, crime and bond terms against their customer assets and trading systems. **Limits (do not over-claim):** - Describes Spot's own service; it does not establish coverage terms or outcomes for any company. **Related pages:** - [Spot home](https://spot.insure/) — product overview - [Sitemap](https://spot.insure/sitemap) — inventory of all public pages # Spot for Banking and Exchange Companies Get quotes from banking and exchange insurance providers with Spot. We prepare your application for brokers who know markets and custody, compare the quotes with you and keep your bond requests on track. - Customer-asset duties and trading systems described clearly - Bond requests traced back to the exact rule or contract - Keep your broker or switch, with no commissions on premiums [Get Started](https://app.spot.insure/signup?coverage=professional-errors-omissions&industry=banking-and-exchange&icp=financial-services). Spot is not an insurance carrier and takes no commissions on premiums; you can keep your broker or switch. ## How Spot helps 1. **Describe each service and the systems behind it.** Your Spot team describes each entity’s role, the customer assets it touches, the services it provides and the systems and vendors it depends on. 2. **Find the rule behind a bond request.** When a regulator, clearing firm or counterparty raises a bond, Spot asks for the exact rule or contract, entity, covered people, form and limit, and applies it only to that scope. 3. **Compare quotes on trading errors and outages.** We work with your broker to take the submission to market, then walk a trade or settlement error, an intrusion, a provider outage and employee theft through every proposal. 4. **Prepare for the bank’s vendor review.** Your policies, contracts and service description stay together, so the next due diligence request is answered from current documents. ## Who we help - **Broker-dealers.** Trade errors, customer losses and fidelity-bond questions all depend on which services and capacities your firm actually holds. - **Exchanges and trading venues.** A trading system outage or intrusion can stop the market you run, so cyber and technology terms need to describe it. - **Trading technology providers.** Other firms rely on your order routing, connectivity and market data, and a delay can become their financial loss. - **Banking platforms.** A partner bank’s vendor review asks about your service, and the contract sets the terms you’ll be held to. ## Coverage - [Professional errors and omissions (E&O)](https://spot.insure/insurance/professional-errors-omissions) - [Technology errors and omissions (E&O)](https://spot.insure/insurance/technology-errors-omissions) - [Crime](https://spot.insure/insurance/crime) - [Fidelity bonds](https://spot.insure/insurance/fidelity-bonds) - [Cyber liability](https://spot.insure/insurance/cyber) - [Directors and officers](https://spot.insure/insurance/directors-officers) ## When to get this coverage - **A clearing firm or regulator asks for a bond.** Verify the current rule for your exact firm, then compare the bond form, covered persons and limits. - **A bank partner starts its vendor review.** Send your service description and the relevant contract terms, then check how your policies treat the obligations it expects. - **You’re adding outside directors or investors.** New governance brings directors and officers questions, including regulatory and financial-services exclusions. - **You’re launching a new trading system.** New systems and providers change your cyber and technology exposure. Describe them before go-live. ## Common questions Also known as broker-dealer insurance, brokerage firm insurance, crypto exchange insurance, trading platform insurance, neobank insurance and banking platform insurance. ### Is broker-dealer insurance just the fidelity bond? No. The bond answers a regulatory requirement; your firm usually also weighs professional and technology E&O, crime, cyber and D&O. Spot keeps the bond request separate and compares the rest together. ### Do all broker-dealers need the same fidelity bond? No. Requirements depend on the rules that apply to your firm. Spot asks the requester for the exact rule and checks the bond form against it. ### Do customer-protection rules replace commercial insurance? No. Financial-responsibility rules address safeguards for customer assets. Your firm’s own claims are a separate commercial insurance question. ### Is a bond the same as a crime policy? No. A bond request names its own form, covered persons and limit, and a crime proposal is a separate comparison. Spot checks each one against the losses and property in your operations. ### Our broker already places our fidelity bond. Does Spot need to take that over? No. Spot works with your broker on the bond request and the commercial program, and takes no commissions on premiums. If you want a broker with more financial-institution markets, Spot can help you switch. ## More - [Business Insurance by Industry](https://spot.insure/insurance-for) ## Agent and Developer Resources - [Markdown page](https://spot.insure/insurance-for/banking-and-exchange.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)