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.
The Industry Spread
FTSE MIB to 49,857 by the 29 October press conference
FTSE MIB reaches 49,857.18 by 29 October 2026, the 16 October Borsa Italiana close. Spot is 49,086.27. A daily close below 48,835.91 ends this repair call.
FTSE MIB
49,857.18by 29 October 2026
Wrong below48,835.91
Spot at filing49,086.27
FTSE MIB to 49,857 by the 29 October press conference
Feeder cattle
343.925by November 20, 2026
Wrong below334.83
Spot at filing339.925
Feeder cattle to 343.925 cents by November 20, 2026
EUR/RON
5.3400by November 12, 2026
Wrong above5.3527
Spot at filing5.3272
EUR/RON to 5.3400 by November 12: the reference path
USD/DKK
6.6646by October 29, 2026
Wrong below6.5834
Spot at filing6.6425
USD/DKK to 6.6646 by October 29: spread stays -40bp
Levels as stated when filed. Not live prices. Analysis, not investment advice.
FCA CP26/34 maps the 2028 transaction-reporting switch
CP26/34 maps the FCA's April 3, 2028 transaction-reporting switch, from correction rules and the User Pack deadline to the gap with EU MiFIR and the US CAT.
Fed extends Regulation O comments on R-1896 to 4 November
The Fed extended Docket R-1896 comments on Regulation O to November 4, 2026. Proposed insider-credit thresholds would rise fourfold, then track nominal GDP.
ESMA's call does not expand CCP collateral categories
ESMA's October 9, 2026 call tests tokenised CCP collateral under EMIR liquidity, haircut and default rules. No new asset class. Comments close January 15, 2027.
FirmWhat we foundFiled
MyForexFundsMyForexFunds 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 OctWenCrypto80% split, first payout capped at 6%9 OctWhat is a funded accountWhat is a funded account: simulated capital, not yours8 OctFunded Academy12-hour reward vs a 24-hour FAQ7 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
IQ Capital review: 90 per cent, 80/20, or 100 per cent
IQ Capital suits a futures trader who reads the help-centre article for the plan they will hold. It does not suit anyone who treats the homepage as the contract. The biggest caveat is that the pages do not agree. The homepage says up to 90 per cent of profits are 100 per cent yours. Core help says 90/10 from the first dollar. Rapid futures help says 80/20 from the first dollar. The Terms of Use, dated 1 July 2025, do not name a legal entity.
Jack Henry plans tokenised deposits on Google Cloud
Jack Henry plans tokenised deposits for banks and credit unions on Google Cloud's ledger.
BNB Foundation burns 1.646 million BNB in 37th quarter
The BNB Foundation burned 1,646,196.44 BNB, about $1.197 billion, in its 37th quarterly burn. Remaining total supply was 131,512,085 BNB as of 19 October 2026.
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 20 October in 2025, 2023, 2022 and 20212025
2023
