Project SAGE asks banks to name an owner before an agent acts
Project SAGE asks Hong Kong banks to name an owner for every agent that can act, and which material agents a supervisor should see before comments close.
The Industry Spread
KOSDAQ to 674: the hike-bias case
KOSDAQ's base case is 674.42 into the next Bank of Korea meeting after a 704.39 close, with the Board still pointing to further base-rate hikes.
KOSDAQ
674.42by November 26, 2026
Wrong above734.36
Spot at filing704.39
KOSDAQ to 674: the hike-bias case
USD/ARS
1,552.30by November 11, 2026
Wrong below1,537.35
Spot at filing1,544.6507
USD/ARS to 1,552.30 if the reference crawl holds
MDAX
29,555.05by December 17, 2026
Wrong above30,766.28
Spot at filing30,472.32
MDAX to 29,555.05 on the Bundesbank rate path
GBP/SGD
1.7172by November 5, 2026
Wrong below1.7044
Spot at filing1.7121
GBP/SGD to 1.7172: the Bank of England policy gap
Levels as stated when filed. Not live prices. Analysis, not investment advice.
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.
OCC part 15 drops the automatic redemption extension
OCC part 15 keeps a two-business-day redemption limit and requires a 24-hour notice when one brand's requests exceed 10 percent of outstanding issuance.
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.
FirmWhat we foundFiled
MyPropCapitalOn-chain receipts and the fee clash2 NovForaxis60-second rewards and a seven-day gap1 NovDoji FundingPayout caps on a simulated account31 OctPropXPStatic 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 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
Coinhub Funded review: payout cap and the step-two reset
Coinhub Funded suits a manual forex or crypto trader who can accept a static equity floor, a 14-day payout cycle and a lifetime receipt cap equal to the starting balance. Traders who need weekend holds, expert advisors or news entries on an instant account fall outside the published rules, because those practices close the account. The biggest caveat is that the how-it-works page keeps step two on the same account, while the trading rules open a fresh step-two account and loosen the loss limits.
XM wins three FinanceFeeds awards for service and gold
XM won three FinanceFeeds awards for service, mobile trading and gold conditions.
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.
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.
Rick Steves
Rick Steves has seen business and economics through many lenses.
Also filed
From the archive
Filed around 3 November in 2025, 2023, 2022 and 20212025
2023
