CP26/37 would retire certification and notify senior roles
CP26/37 and PRA CP14/26 would retire certification, notify many senior roles, and keep chief executives on pre-approval. Responses close on January 22, 2027.
The Industry Spread
Canada Gazette draft would register non-bank stablecoin issuers
The Canada Gazette draft would register non-bank stablecoin issuers in Canada, cap redemption fees at 1% and keep yield off the balances those holders keep.
Rough rice
$16.00/cwtby November 10, 2026
Wrong below$16.00/cwt
Spot at filingabove $16.00/cwt
Rough rice holds $16.00 on the crop report
Swiss Market Index
14,669.51by December 10, 2026
Wrong below14,408.96
Spot at filing14,462.36
Swiss Market Index to 14,669.51: the SNB hold case
COMEX copper
$6.34/lbby December 9, 2026
Wrong above$6.894/lb
Spot at filing$6.50/lb
COMEX copper to $6.34: the surplus and funds-rate case
EUR/DKK
7.4748by December 17, 2026
Wrong above7.5350
Spot at filing7.4748
EUR/DKK holds 7.4748 while the policy spread holds
Levels as stated when filed. Not live prices. Analysis, not investment advice.
Why client allocation messages must be machine-readable
ESMA74-2119945926-3749 requires machine-readable allocation messages between investment firms and professional clients from December 7, 2026, ahead of EU T+1.
SEC proposes wider fund crosses under Rule 17a-7
The SEC proposal on Rule 17a-7 would let registered funds and BDCs cross level 2 securities. Comments on Release No. IC-36358 close on December 14, 2026.
ESMA shrinks the list for delaying inside information
ESMA's October 16, 2026 final report revises when an EU issuer may delay inside information under MAR. The UK still uses the older mislead-the-public test.
FirmWhat we foundFiled
Goat Funded FuturesIntraday floor once funded24 OctMyFundedPerpsFirst payout locks the loss floor23 OctSolana Funded90% on the page, 80% in the docs21 OctIQ Capital90 per cent, 80/20, or 100 per cent20 OctMyForexFundsMyForexFunds sets 23 November, with no rulebook yet19 OctPivexTwo legal names, and no split in the terms18 OctTraderscale24-hour claim, two-day review clock17 OctMixFundedSales cards and the rulebook clash16 OctCK Prop80% split, a 3% cap and the buffer15 OctCarrot Funding80% split, contract says simulated14 OctFundedRight80% reward and a Vanuatu operator13 OctInsaneFundingAn 80% split that starts at 50/5012 Oct
About these reviews. The Industry Spread reviews prop firms independently. Firms do not pay for reviews and cannot see them before publication. The Industry Spread has no affiliate or referral relationship with the firms covered.
Reviews by Abdelaziz Fathi
Clickfunded review: the reward buffer and the split
Clickfunded suits forex traders who can clear a 6% target inside a 3% loss limit on TradeLocker and then leave much of each gain on the account. It is a poor fit for anyone who treats the advertised 100% reward split as a sum that can leave in one request. The October 2026 terms cap each request at 60% of eligible profit, up to a size-based reward cap. One clause sets a $180,000 instant account's minimum balance at $101,800 and another at $181,800, while the homepage sells different instant sizes.
BOB AI Holdings raises $5.5 million seed for AI finance
BOB AI Holdings raised a $5.5 million seed for an AI finance agent for small firms.
WAX blockchain bridge exploit paused processing, then resumed
The WAX bridge exploit on WAX blockchain moved mapped tokens onto Ethereum and Solana. The project paused the bridge, then said reserves would be replenished.
VT Markets takes best gold trading platform at FinanceFeeds Awards
VT Markets has won Best Gold Trading Platform at the FinanceFeeds Awards 2026, capping a January in which it reported $1.5 trillion in gold turnover.
Axcera Takes Three FinanceFeeds Awards for Prop Tech
Axcera has won three FinanceFeeds Awards 2026 across prop trading technology, infrastructure and multi-asset solutions.
The Broker Back Office Becomes One Data Layer
The constraint on most brokerages is not strategy but infrastructure that cannot pass data between functions.
Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
Rick Steves
Rick Steves has seen business and economics through many lenses.
Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets.
Also filed
From the archive
Filed around 26 October in 2025, 2023, 2022 and 20212025
2023
