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MyFundedFutures Sets New Industry Standards for Compliance

In an ever-evolving landscape of fintech, one company is making waves by taking compliance to a new level. MyFundedFutures (MFFU), a trailblazer in futures evaluation and proprietary trading, recently announced a groundbreaking partnership with ACA Group to implement ComplianceAlpha®, an integrated regulatory compliance technology platform. This move not only sets MFFU apart but also redefines the standards in the competitive futures prop trading industry.

A Transformative Approach to Compliance

The significance of compliance in the trading environment cannot be overstated. As Philip Fried, Regulatory Compliance Manager at MFFU, pointed out, "Traders suffer when firms treat compliance as an afterthought. We treat governance as a foundational pillar." By adopting a comprehensive compliance solution, MFFU demonstrates its commitment to establishing a trustworthy trading environment. This marked operational shift is crucial in an industry where many firms operate with minimal oversight.

The full implementation of ComplianceAlpha serves as more than just a regulatory tool—it solidifies MFFU's mission to bring institutional discipline to an area often overlooked in the trading community. With a unique dual-entity structure incorporating its sister firm Nortex Capital Partners, MFFU is set to elevate trader experiences across the board.

Key Features of the New Compliance Framework

MFFU's newly developed compliance framework is saturated with features aimed at ensuring trader safety and market integrity. Some of the standout elements include:

1. Trader Experience Enhancements

MFFU has implemented robust monitoring systems to oversee community communications, which helps in building trust and safeguarding trader interests.

2. Market Abuse Surveillance (MAS)

By utilizing tailored surveillance tools for futures evaluations and live prop trading scenarios, MFFU is at the forefront of identifying and mitigating disruptive trading behaviors before they can impact the community.

3. E-Communications Surveillance

To address the challenges of compliance gaps typically seen in non-registered firms, MFFU introduces live monitoring of various communication channels, including Discord and email, to support a compliant yet secure trader experience.

4. Document and Policy Center

This centralized hub not only organizes internal policies but also facilitates external disclosures and provides traders with real-time resources, ensuring clarity and accountability.

5. Training and Certification Engine

Equipping its staff with knowledge is of utmost importance. MFFU has developed 15 custom e-learning modules spanning critical compliance topics like AML/KYC, social media marketing, and operational conduct, ensuring that traders are supported by well-trained professionals.

6. Real-Time Risk Dashboards

With an emphasis on transparency and accountability, MFFU's risk dashboards provide instant insights into compliance levels, employee performance metrics, and regulatory risk alerts, making it easier to maintain high standards.

Leading the Charge

In a climate where uncertainty clouds many proprietary trading firms, MyFundedFutures stands as a beacon of proactive governance. By voluntarily adopting a Governance, Risk, and Compliance (GRC) framework, MFFU is setting a precedent typically reserved for heavily regulated entities like the SEC, CFTC, or NFA.

MFFU's commitment to implementing oversight tools and audit protocols well beyond the minimum illustrates its unique resolve. As Fried noted, "Our goal from day one was to build an ecosystem where scalable trading meets uncompromising compliance." With ComplianceAlpha integrated into its operations, MFFU has not only achieved this goal but has also raised the expectations for other firms in the industry.

Conclusion

MyFundedFutures is reshaping the expectations of traders and their protective measures in the proprietary trading sector. This innovative compliance framework is a significant leap forward, ensuring that traders have access to a reliable platform while navigating the intricate world of futures trading. As MFFU leads the way, it offers an example that other firms in the industry would do well to follow.

For traders looking for a firm that prioritizes both performance and integrity, MyFundedFutures emerges as a leader in ensuring that compliance is not just a requirement but a standard of excellence.