CP13/26 would lift 128 PRA thresholds with GDP
PRA consultation CP13/26 would index 128 thresholds to nominal GDP from July 1, 2031, then every five years. What stays out, including joint FCA lines.
The Industry Spread
Bovespa to 204,302.33 by November 4: record-high fade
The Bovespa base case is a fade to the October 7 close of 204,302.33 by the November 4 Copom decision.
Bovespa
204,302.33by November 4, 2026
Wrong above209,713.45
Spot at filing209,066.90
Bovespa to 204,302.33 by November 4: record-high fade
LME aluminium
$3,120.00by October 19, 2026
Wrong below$3,017
Spot at filing$3,055.50
LME aluminium retests $3,120 by the 19 October seminar
USD/IDR
18,000by October 21, 2026
Wrong below17,855
Spot at filing17,884
USD/IDR to 18,000 by October 21: the dollar-hold gap
USD/ILS
3.099by October 21, 2026
Wrong below3.005
Spot at filing3.055
USD/ILS to 3.099 by October 21: the July rate-path gap
Levels as stated when filed. Not live prices. Analysis, not investment advice.
Cash FX Group complaint maps the unregistered forex pool
Release 9304-26 and the September 24, 2026 complaint allege Cash FX Group took over $950 million in an unregistered forex pool. No penalty has been ordered.
Release 9306-26 extends UK swaps no-action to 2027
CFTC release 9306-26 extends Brexit no-action for UK swap dealers and 25 trading venues through December 31, 2027. Letter 26-28 is not a Commission order.
Advisers Act crypto custody proposal opens a self-custody path
The SEC's Advisers Act proposal of October 1 would allow self-custody of client crypto if no permitted custodian exists, and would admit state trust companies.
FirmWhat we foundFiled
Orbit Funded1:1 reward rule reset a payout10 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 OctCMC FundedThe payout policy is not published6 OctTradersYardPayout caps and the 50% profit gate5 OctAlpine FundedThe payout that waits for a third withdrawal4 OctAscension Funding24–48 hours is not the payout clock4 OctMeridian FundedZero denials are not in the terms2 OctBest prop firmsBest prop firms in 2026: five payout-checked comparisons2 OctFundingTicksRefunds, an 80% split, and a halted book1 OctHypernovaSimulated fills and three payout clocks30 Sep
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
Vest Capital review: prop terms call accounts simulated
Vest Capital suits a derivatives trader who wants a one-time fee, a static 6% loss floor and on-demand claims, and who will read the contract before paying. It does not suit anyone who takes the homepage's "with our money" line as a live account in their name. The biggest caveat sits on the firm's own site. The Prop Terms of Service of 28 September 2026 call the programme simulated, including Instant accounts. The product overview says those same accounts use real Vest capital, not simulated capital.
Routable sold to Anchorage Digital, terms undisclosed
Routable has been acquired by Anchorage Digital, and no purchase price was disclosed. Fiat payout rails remain while stablecoin settlement is scheduled later.
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 11 October in 2025, 2023, 2022 and 20212025
2023
