Conditional Leverage Infrastructure
White-label infrastructure for brokers and venues that serve professional clients.
A white-label engine to structure, price and settle a new category of leveraged instrument.
Before confirmation the position is linear. On confirmation, leverage applies from entry.
Standard leverage burns valuable clients too early.
A broker does not lose money because a leveraged client takes a loss. The loss comes when that client stops trading altogether.
When full amplification applies from the first tick, the position runs at full leverage from the outset. Drawdowns come earlier and go deeper, so an account you paid to acquire can be gone before you have monetized its lifetime value.
Keep accounts trading longer. Earn more from each one.
CRL delays full leverage until the trade is confirmed, so valuable accounts are not burned in the first days. For brokers, an account that lasts longer keeps generating volume and spread, raises its lifetime value, and can carry a priced product line on top. The engine is white-label and stateless: pricing and the client relationship stay entirely with you.
CRL does not remove market exposure; it defers amplification. Before confirmation the position stays exposed, but full amplification stays off. On confirmation, leverage applies from entry.
Tested across 540,000 paired simulated accounts
Real EUR/USD and SPY price history, 2015 to 2026. Each pair trades the same market, the same operations and the same closing rule; the only difference is the leverage structure. These are internal paired simulations with synthetic accounts: model evidence, not observed client outcomes.
Higher under CRL in all 90 configurations tested, with a minimum improvement of 10.6 percentage points and a median of around 31 points. Simulated account survival, not client retention.
Share of pairs with a smaller drawdown than their standard twin. Average maximum drawdown 35-70% lower on EUR/USD, 16-62% on SPY.
Of trades on the tested daily paths, by trigger distance, at immediate confirmation. Before activation, CRL stays at 1× while the matched standard position runs at L× (one fifth of the market exposure at L=5).
Before activation, a CRL position stays at 1× while the matched standard position runs at L×. At L=5, the pre-activation market P&L sensitivity is one fifth of the matched 5× standard position. This is a property of the payoff formula, not a statistical result. After confirmation, exposure equals standard leverage: adverse moves are amplified as much as favourable ones.
How we tested it, and what the model also shows
Scope. 90 configurations across two assets, three leverage settings and five trigger distances, at three economic levels; 6,000 paired accounts per cell, 540,000 pairs in total. Starting capital EUR 50,000, 24-month horizon, real historical daily EUR/USD and SPY paths from 2015 to 2026. Each account is compared with itself. In sample; synthetic account behaviour is a provisional assumption; no live client validation.
Economic level. The published drawdown ranges are the G2 level, which includes account churn and a modelled access charge of 11.69 basis points per position. That charge is a diagnostic input, not a price.
More capital than the twin. The CRL account finished with more capital than its own standard twin in 81 to 96 percent of pairs on EUR/USD and 65 to 93 percent on SPY. This is the most premium-sensitive result: it holds for positions carried to the trigger or the stop, and it weakens if positions are closed for profit below the trigger.
Pricing matters. Separate sensitivity testing shows that the survival advantage remains positive across all tested configurations through 100 basis points per position and reverses at the highest tested level, 266. Commercial pricing is set by the broker and must be evaluated together with product economics and survivorship.
Confirmation. The current product keeps the position at 1× until the activation condition is confirmed: a threshold touch moves it to pending, and leverage activates when the configured confirmation condition is met. The 540,000-pair campaign used immediate confirmation at the threshold crossing; the hold-based confirmation window was not quantified in that campaign.
Disclosure. Internal modelling on real historical price paths with synthetic paired accounts. In sample, not validated out of sample, not real client results, not investment returns and not a forecast. Ranges cover every G2 configuration tested, including the least favourable G2 result. The current 1,000 ms trigger-confirmation window was not quantified in this campaign. The 10th percentile of the paired terminal-equity difference was negative in 6 of 15 EUR/USD G2 configurations and 13 of 15 SPY G2 configurations. In the least favourable SPY configuration, that percentile was approximately EUR 36,900 below the standard twin. This does not identify the weakest accounts by capital. The negative tail was driven primarily by favourable market moves that did not reach the trigger: CRL maintained lower exposure and did not amplify those gains, while the standard twin did.
For Risk teams, the full campaign, the per-figure defence and the reproducibility scripts are available under NDA.
New revenue line
A line of revenue you price and control, on top of the spread and commissions you already earn. It is billed on the notional opened under the product, whether or not the trigger activates. The engine reports it; you own it.
A product that's genuinely new
This is a new category of instrument, not a sharper quote on the same one. Most venues compete on identical underlyings, platforms and spreads. CRL is something the rest of the market does not yet list, and you would be first to carry it.
Accounts with more time to keep trading
CRL reduces exposure before confirmation. In the paired model, that translated into more surviving account-months and more trading activity occurring after the point where the standard twin had already stopped. A longer surviving account creates more opportunities for retained volume, spread, commissions, financing and product revenue. The exact value of those additional months is broker-specific.
CRL is built for brokers whose economics improve when clients stay funded, stay active and keep trading for longer. The clients, the trades and the market do not need to change. CRL changes the path of leverage exposure, and that can change how much productive account life survives.
More surviving account life.
In the G2 model, CRL added a median 5.3 surviving account-months per account over 24 months, with a range of about 1.3 to 8.8 across the tested configurations. A median of about 38 percent of CRL trades in the model occurred in that additional account life.
Those additional months create more time in which clients can remain funded, trade and generate broker economics. Their actual monetary value depends on the broker’s own activity, volume and contribution per account-month.
Model evidence from the same 540,000-pair campaign, G2 level. Additional account-months and extension activity are modelled outcomes, not observed retention, realised lifetime value or realised revenue.
That depends on your own volume, spread, commissions, financing, hedge cost, capital usage and net contribution per account-month. Our broker economics framework replaces the model assumptions with your own data.
Leverage does not amplify the unconfirmed move.
The property comes first; the mechanism follows. Until the market confirms the direction, exposure stays linear. Amplification is subordinate to confirmation: a move that is never confirmed is never multiplied.
A CRL position moves through three states.
In INITIAL the position is linear. When the underlying reaches barrier K, the system transitions to LEVERAGED: the multiplier applies retroactively to the P&L already accrued, computed from entry S₀. The leverage is conditional, not continuous. It applies only once the market confirms the move.
Leverage that waits. The position begins at 1×. Once the activation condition is confirmed, leverage applies from the original entry reference.
A different payoff architecture.
Standard leverage applies amplification from inception. CRL does not. It keeps the position at 1× until activation is confirmed and then redetermines the leveraged P&L from the original entry reference. That conditional retroactive exposure is the structural distinction.
Conditional Retroactive Leverage™ is a trademark of CRL Technologies, Inc.; the engine and its documentation are protected by copyright. Ticket-level characteristics apply when CRL structures are issued under the broker's product terms; client protection, margining and eligibility remain subject to the authorized intermediary's policies and jurisdiction.
Core engine architecture.
Trigger Detection Engine
A finite state machine monitoring barrier K under continuous evaluation, emitting an event on every transition.
Retro-Calculation Module
Retroactive application of the multiplier L across all P&L accrued from entry, on a low-latency hot path.
Risk-Margin Engine
Position limits and margin computed in real time, over concurrent data structures.
Audit Logger
An immutable append-only ledger with SHA-256 hash-chain and microsecond timestamps.
A financial category,
built as infrastructure.
CRL is a calculation and attestation layer designed to integrate with the institution’s existing OMS, risk, pricing and reporting systems. Twelve subsystems, engineered and documented as one.
- 01Instrument3
- 02Calculation engine9
- 03Pricing & market data6
- 04Operational controls6
- 05Multi-tenancy & security6
- 06Audit & attestation7
- 07API8
- 08SDK & integration9
- 09Deployment4
- 10Observability5
- 11Institutional documentation11
- 12Quantitative research6
Structural diagram. Component counts describe the system as designed and documented; some subsystems include elements on the roadmap.
Connect through existing institutional systems.
The institution defines parameters, limits and product terms.
The leverage activation event is recorded and verifiable.
Sidecar, back-office ledger or native integration.
Designed for institution-led deployment across major regulatory regimes.
CRL is white-label calculation technology for qualified professional counterparties, deployed through the licensed institution and subject to local law, product approval and intermediary governance.
Regulatory classification, product approval and client suitability remain with the authorized intermediary. The engine adapts to the local frame; it does not replace it.
Major regimes
EU · UK · CH · US · APAC, where permitted
Regulatory mapping
Aligned to the local regime
Audit timestamps
Recorded per event, append-only
Audit retention
5–7 yrs, jurisdiction dependent
Tested, not asserted.
Claims are simulation-based, under stated assumptions. No performance or return promises. The methodology is open to review under NDA.
Full Quantitative Validation Dossier available to qualified counterparties under NDA.
Access is reserved to licensed institutions.
CRL is white-label infrastructure for brokers and venues that serve professional clients. Documentation and the API are available to licensed institutions, subject to an eligibility assessment. Submit a request from an institutional address.