👀 Alpha Futures asks court to step in over Tradovate dispute

Hi everyone, another week is upon us and the markets are open, so let’s get into it.

The legal battle between Alpha Futures and Tradovate/NinjaTrader continues, with Alpha filing an amended complaint and asking the court for a temporary restraining order.

The order would seek to stop Tradovate from contacting Alpha clients, using Alpha client data or making further public statements about Alpha's finances while the wider case continues. Alpha alleges Tradovate promised 90 days notice before cutting access over a single weekend, and then used Alpha's client list to move traders towards competitors. These remain allegations and have not yet been tested in court.

A motion hearing is now scheduled for Thursday, August 20, so we may get the first real indication this week of how the court views Alpha's claims.

Definitely one to keep an eye on. Full details are in the thread below from @jmutrades on X.

📢  Firm Announcements

• FundedNext launched a new dashboard across both CFD and Futures, with cleaner charts, improved insights and a smoother overall experience.

• Goat Funded Trader launched Backtest a Prop Challenge, allowing traders to test real GFT challenge rules against historical market data.

• Finotive brought Finotive Funding, Finotive Futures, Finotive Markets and Finotive Pay together under one ecosystem, with a single login and verification process.

• Breakout increased leverage across several markets, including 10x on Bitcoin, Nasdaq and the S&P 500. XYZ100 leverage was also increased to 10x.

• FuturesElite rebuilt its Prime account, allowing traders to pass in one day, trade full allocation immediately, request payouts with no minimum trading days and stack up to 10 funded accounts.

• Funded Futures Family now allows traders to use VPNs and VPSs while trading, although they cannot be used to access the account dashboard.

From Payout Junction, here are the firms that paid out the most over the last 7 days 🏆️.

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🕜 Red Folder News

Here are this week’s red folder news events. A very quiet week on the calendar, with the FOMC minutes the only major event to watch.

📈 Markets

We continue to grind higher

A small green week for the US indices, with the Nasdaq returning 1%. US markets feel very much risk on, and sentiment is not extreme yet, so conditions remain ripe for a continued grind higher.

European stocks producing outsized returns

If you believe everything you read on social media, you’d think Europe is dying. On the contrary, some pockets of the market are outperforming the US... in a big way.

Chart below shows European banks vs the Mag 7.

The median stock in Europe is up double digits so far in 2026

This despite the energy shock, with the median European stock notably outperforming the S&P 500.

Inflows into European indices is still under the radar

Flows have only now turned positive, with last week seeing the biggest inflows into European equities since February 2026. Time to put the DAX and STOXX on your watchlist, this trend might only just be getting started.

OK, you’re all caught up. Have a good week!

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