MyFundedFutures (MFFU), a fintech company focused on futures evaluation and proprietary trading, has announced the full adoption of ComplianceAlpha. ComplianceAlpha is a regulatory compliance platform developed by ACA Group.

Last year, MFFU suspended its operations in 21 countries due to regulatory concerns. The decision to implement ComplianceAlpha appears to be a response to ongoing regulatory scrutiny. According to the company, it aims to improve transparency and compliance across its operations.

ComplianceAlpha adopted for regulatory compliance

"Traders suffer when firms treat compliance as an afterthought. We treat governance as a foundational pillar," said Philip Fried, Regulatory Compliance Manager at MFFU.

The new compliance system includes measures for trader safety, market abuse surveillance, communication monitoring, centralized policy management, and staff training. These controls will be applied to both MFFU, which manages trader evaluations, and Nortex Capital Partners, its sister company responsible for live proprietary trading.