CP26/38 and what the Financial Crime Guide would change
CP26/38 would revise the FCA Financial Crime Guide on fraud, sanctions and cryptoassets. Comments close on December 24, 2026.
The Industry Spread
Sezzle files for Sezzle Bank and drops the Utah plan
Sezzle filed to charter Sezzle Bank with the OCC and the FDIC, dropping its Utah industrial-loan plan while WebBank still originates the consumer loans.
OMXS30
3,162.78by November 4, 2026
Wrong above3,290.36
Spot at filing3,225.43
OMXS30 fades to 3,162.78 under the Riksbank rate path
BEL 20
5,844.79by October 29, 2026
Wrong below5,756.14
Spot at filing5,783.75
BEL 20 to 5,844.79: the halfway case on an ECB hold
TAIEX
47,111.26by December 17, 2026
Wrong below45,676.67
Spot at filing46,096.23
TAIEX to 47,111.26 if the CBC discount rate is held
Soybean meal
$340.00by November 10, 2026
Wrong above$368.80
Spot at filing$346.10
Soybean meal to $340: the flat official-price case
Levels as stated when filed. Not live prices. Analysis, not investment advice.
OCC finds debanking policies at nine largest national banks
The OCC's October 14, 2026 report, NR-OCC-2026-90, says all nine largest national banks kept debanking policies through 2025, but it names no civil fine.
CFTC carves casino wagers out of the swap definition
Licensed casino wagers fall outside the CFTC swap definition from 19 October 2026. Comments close 18 November 2026. Event contracts remain a separate proposal.
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.
FirmWhat we foundFiled
PropMarket70/30 on the page, zero in the catalogue26 OctClickfundedThe reward buffer and the split25 OctGoat 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 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
NairaProp review: payout rules clash across the site
NairaProp suits a trader who wants a simulated MetaTrader 5 challenge in naira and who will read the homepage schema and the site bundle as two separate documents. It is a poor fit for anyone who needs one reward share, one drawdown and one payout clock. The biggest caveat is the clash: the schema marks six challenges InStock at an 80% share, a 20% max drawdown and 12-hour payouts, while the funded objects set a 70% split, static loss limits of 10%, 5% or 8%, and Instant payouts.
Sterling Liquidity Fund adds a tokenised share class
A tokenised share class of the Sterling Liquidity Fund is live on the XRP Ledger. Aviva's £22 billion fund and the smaller sleeve are different sums.
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.
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.
Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
Also filed
From the archive
Filed around 28 October in 2025, 2023, 2022 and 20212025
2023
