The companies, products and regulatory developments shaping the broker industry.
Rails says its US entity has joined NFA and registered as a CFTC introducing broker, supporting a Crypto.com derivatives partnership. The introducing, carrying and clearing functions remain separate.
Anchorage Digital Swap Dealer LLC has applied through NFA for CFTC swap-dealer registration. The filing is pending; if approved it would place the institutional options business inside federal dealer capital, margin, reporting and conduct rules.
PM Derivatives is intended to add an in-house brokerage role alongside Polymarket’s exchange and clearing entities. The announced scope is fully collateralised business; margin would require additional approval.
Polymarket says positions will be fully funded; Reuters reported on 3 November that the new FCM unit still needed CFTC approval before operating.
NFA’s latest notice brings five futures and forex examinations into the January 2027 reduction, helping brokers plan staff qualification and existing bookings.