SEC phases a capped exemption from Treasury repo clearing
Release No. 34-106789 takes some Treasury repo out of Rule 17ad-22 under a phased cap or a $5 billion test, and widens which affiliates stay outside clearing.
The Industry Spread
FinMaq Series A raises $6.5 million for SME equipment
FinMaq Series A raises $6.5 million led by Accion, backing point-of-sale equipment finance for Colombian SMEs with a path past $200 million in disbursements.
Natural gas
$3.10by November 25, 2026
Wrong below$2.50
Spot at filing$2.76
Natural gas to $3.10 as the storage surplus thins
Coffee
310.00by November 18, 2026
Wrong below280.80
Spot at filing287.20
Arabica to 310 cents: the first-notice tightness case
Platinum
$1,551by November 20, 2026
Wrong below$1,422.40
Spot at filing$1,436.00
Platinum to $1,551: the positioning washout case
Palladium
$935.30by December 18, 2026
Wrong above$1,000
Spot at filing$987.70
Palladium fades to $935.30 under a failed $1,000 break
Levels as stated when filed. Not live prices. Analysis, not investment advice.
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.
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.
FirmWhat we foundFiled
PropXPStatic drawdown versus the split add-on30 OctTrue 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 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
Doji Funding review: payout caps on a simulated account
Doji Funding suits a CFD trader who sets the profit target, the drawdown and the split before paying, and who accepts a simulated DXtrade account. Traders who need an audited payout ledger, a live book, or an early withdrawal above a thin slice of the account are a poor fit. The caveat is mechanical: the first two payout requests are capped at 2% of account size, a 3% buffer must remain, and the cash sits in an unsegregated wallet, while the homepage advertises payment inside 24 hours.
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 1 November in 2025, 2023, 2022 and 20212025
2023
