Why ASIC's REP 842 still shows an audit judgement gap
REP 842 records 42 ASIC findings where audit judgement was thin on revenue and impairment. What the surveillance changes for directors and the largest firms.
The Industry Spread
ChinaAMC funds open secondary trading around the clock
ChinaAMC digital money market funds began round-the-clock secondary trading on an SFC-licensed platform. The live question is how far that print sits from NAV.
CSI 300
4,176.06by November 20, 2026
Wrong below4,030.23
Spot at filing4,041.84
CSI 300 to 4,176.06 on an unchanged loan prime rate
STOXX 600
631by December 17, 2026
Wrong above660.51
Spot at filing649.11
STOXX 600 to 631: the tighter-financing case
CAD/NOK
6.5800by November 5, 2026
Wrong above6.7000
Spot at filing6.6325
CAD/NOK to 6.58 as Norway's rate premium holds
Jakarta Composite
5,439.26by November 18, 2026
Wrong below4,996.61
Spot at filing5,282.31
Jakarta Composite to 5,439.26: the BI-Rate hold case
Levels as stated when filed. Not live prices. Analysis, not investment advice.
GC26/7 says DeFi use does not rewrite SYSC 15A rules
Guidance consultation GC26/7 tells in-scope FCA firms that DeFi use does not rewrite SYSC 15A, SYSC 6 or the MLRs. Comments close on November 18, 2026.
SEC 4-927: when should a tokenised stock venue check who can trade?
Letters on SEC File 4-927 ask that tokenised stock venues check wallet eligibility at the trade, not only at onboarding, and keep a signed record of each check.
CP26/36 sets the tests for new cryptoasset exclusions
CP26/36 sets the FCA's draft tests for new cryptoasset exclusions before the UK regime begins on October 25, 2027. Comments close on November 18, 2026.
FirmWhat we foundFiled
True Forex FundsPermanently closed for insolvency29 OctHash HedgeZero risk against the customer contract28 OctNairaPropPayout rules clash across the site27 OctPropMarket70/30 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 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
PropXP review: static drawdown versus the split add-on
PropXP suits forex and CFD traders who want a loss floor anchored to the starting balance and who will pay an add-on to lift the share from 80% to 95%. Traders who need a bank withdrawal, a live brokerage account, or a published audit of rewards sit outside that design. The largest caveat is the gap between pages: the homepage calls every stage, including the funded account, simulated trading, while the terms keep a discretion to route that account onto live execution.
ChinaAMC funds open secondary trading around the clock
ChinaAMC digital money market funds began round-the-clock secondary trading on an SFC-licensed platform.
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 31 October in 2025, 2023, 2022 and 20212025
2023
