The companies, products and regulatory developments shaping the broker industry.
CMC Markets ended its 2026 financial year with £1.15 billion of segregated client money, £454 million more than a year earlier, yet income on client funds declined 3.7%. The divergence shows why closing balances, average balances, rates and customer pass-through cannot be collapsed into a single apparent yield.
The Hong Kong Monetary Authority has launched Project SAGE and an expert group to examine agent identity, payments interoperability and liability before autonomous systems become financial customers.
The arrangement adds a route to local-currency liquidity.
The Rome bank is extending an existing Terminal relationship into TOMS and MARS. The implementation connects trading positions with risk analysis as Finnat develops treasury and market-making activity.
Two October developments extend the bank’s payment connections. The practical gain for trading businesses depends on whether the destination account sits inside the relevant service.