MyFundedFutures (MFFU) is seeking to register as an Introducing Broker (IB) with US regulators and build its own futures trading platform, the firm has revealed in recent job postings
MFFU is hiring for both a Head of Compliance and Head of Futures Brokerage Operations, according to updates on its LinkedIn page.
The job description for the Head of Compliance role noted the prop trading firm “seeks registration as an Introducing Broker (IB)” and that it is building “ its own proprietary trading platform”.
The Head of Compliance role is tasked with “ensuring these initiatives meet all applicable legal and regulatory requirements” including passing National Futures Association (NFA) registration processes.
Other responsibilities of the position will include “platform governance” and embedding compliance into product development and consumer onboarding processes.
They will be tasked with ensuring compliance with CFTC, NFA, and CME Group regulations as well as the relevant laws.
The Head of Futures Brokerage Operations, based in Dallas or Chicago, will oversee “the full operational lifecycle of a futures IB” including onboarding, trade support, platform administration, risk coordination, and vendor relationships.
It is not uncommon for a broker to spend spend at least $250k per month on futures platforms, which suggests that MyFundedFutures is making a substantial investments and has the capital to do so.
It comes as the retail prop trading sector is becoming increasingly mainstream, with businesses recently re-entering the US market and cutting prices, among other developments.
