Rostro Takes Full Control of Scope Markets, Considers Further Expansion

Rostro Financials Group, a prime broker working with trading firms and professional traders, has completed the acquisition of the forex and CFDs trading provider Scope Markets with the completion of the change of control process.

From 7 January 2023, Rostro has taken the ownership of the combined businesses, including the licensed entities in Cyprus, Kenya, South Africa, and Belize, alongside the main operating hub based in Cyprus. The newly acquired licenses complement those held in Mauritius and Seychelles.

In addition, the group is considering further expansion into MENA and the wider Asian regions in 2023, and has engaged 3rd parties to progress these strategic initiatives.

Rostro Group CEO Michael Ayres said: "We are delighted to have now completed the change of control process, bringing Scope Markets under the Rostro Group umbrella. We will now be focused on leveraging the solid foundations that have been laid by an amazing team. We believe that our unique perspective and expertise will drive the company forward and bring even more value to our customers in the markets across the globe."

Rostro Group founder Roger Hambury added: "The completed acquisition of Scope Markets presents another step in the journey of Rostro Group. In the last 12 months we have completed on several acquisitions to drive our expansion, all funded through free cashflow. The acquisition of Scope Markets presents the largest and latest acquisition, signalling our intent to be a leading provider of financial services within our sector globally. The team and I are very excited about the future."