The companies, products and regulatory developments shaping the broker industry.
The FCA’s client-assets rules distinguish written notice about cash interest from prior consent to securities lending. Both sit alongside Consumer Duty conditions, with specific collateral and record-keeping safeguards for lending.
B3’s published December-to-June retail ETF balances imply 30.5% growth. A separate 62% annual figure requires a different starting balance; the R$126bn wider market stock measures another population.
MAS launches central-bank gold custody with a 500-tonne vault, extends proposed wholesale service GST relief from April 2027 and targets gold clearing infrastructure in 2027.
A comparison of five large brokerage disclosures shows why excess-SIPC per-customer limits cannot be read without the aggregate policy cap.
Audited filings connect five group brokers to Futu Clearing, revealing $56.6 million of affiliate fees, multibillion-dollar financing balances and a single US infrastructure hub behind several local Moomoo markets.
Northern Trust’s filing shows that almost all collateral it was contractually allowed to reuse had been repledged or sold, exposing the scale of the secured-financing chain without implying misuse.
Saxo’s client-assets measure reached DKK1.144 trillion while reported assets were DKK113.644 billion. The tenfold gap is not evidence of unreported balance-sheet leverage: it reflects a metric that crosses custody assets, client securities and cash-deposit accounting boundaries.
Morgan Stanley’s 2026 third-quarter filings attribute just over half of record net new wealth assets to IPO-related flows, while its separate fee-based flow statistic measures a different population.
Hong Kong plans to extend its virtual-asset regulatory perimeter beyond trading platforms to four additional service categories. The bill is targeted for introduction by year-end, so final scope and transition rules are not yet enacted.
BitGo has formally grouped institutional execution, financing, derivatives, collateral management and research after buying NYDIG trading operations.
Komainu reports completed transfers into and out of a custody environment with FAB, distinct from potential future credit backed by those assets.
Five North, DRW Cumberland and Flowdesk took roles in a permissioned transaction on TSV; the company says issuer-sponsored shares retained normal shareholder rights.
The DFSA's newly released tokenisation white paper places custody, settlement interoperability and cross-border responsibilities at the centre of market-structure development.
The BVI regulator lists RXM Capital, trading as RXMdigital, for defined virtual-asset services; registration predates Rostro’s November announcement.
The Swiss trading-technology company has introduced an accounting layer linking client and house activity across supported fiat, crypto and tokenised instruments.