Why the HKMA ART Framework names an owner for each AI use
The HKMA ART Framework names an owner for every bank AI use case, requires a live inventory, and sets a kill switch on material cases beside an FSB toolkit.
The Industry Spread
Fintel pays £38.4 million for the rest of Mortgage Brain
Fintel has bought the rest of Mortgage Brain for £38.4 million, with £28.9 million in cash at completion and £9.5 million deferred, after a 2024 stake.
EUR/DKK
7.4748by December 17, 2026
Wrong above7.5350
Spot at filing7.4748
EUR/DKK holds 7.4748 while the policy spread holds
USD/HKD
7.8436by October 28, 2026
Wrong above7.8500
Spot at filing7.8436
USD/HKD holds 7.8436 inside the peg band
NOK/SEK
1.05700by November 5, 2026
Wrong above1.06998
Spot at filing1.06349
NOK/SEK fades to 1.05700 on the hike-news override
CAD/CHF
0.5936by December 9, 2026
Wrong below0.5800
Spot at filing0.58648
CAD/CHF to 0.5936 by the December 9 Bank of Canada fix
Levels as stated when filed. Not live prices. Analysis, not investment advice.
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.
CJA 1993 and UK MAR still split the insider-dealing case
October 13, 2026 arrests do not decide guilt. UK insider dealing still splits between section 52 of the Criminal Justice Act 1993 and Article 14 of UK MAR.
FirmWhat we foundFiled
MyFundedPerpsFirst 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 OctVest CapitalProp terms call accounts simulated11 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
Goat Funded Futures review: intraday floor once funded
Goat Funded Futures suits a futures trader who accepts a one-time fee, a 90 percent Daily share, and a withdrawal every 24 hours once a profit buffer is in place. It is a poor fit for overnight holds, sub-minute scalps, or one outsized evaluation day. The caveat is the drawdown: the evaluation trails the loss floor at the close, and the funded account trails it intraday, open profit included, until the floor locks 100 dollars above the starting balance. The contract calls that balance demo capital.
Hedera Network MCP stays on testnet as mainnet runs v0.78.1
Hedera's Network MCP builds testnet transactions for a wallet to sign, while mainnet already runs consensus node v0.78.1.
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 25 October in 2025, 2023, 2022 and 20212025
2023
