Scope Markets is adding a new senior hire to its team, this time in Cyprus. The company’s office in Limassol, where the operational base of the company is located, is getting expanded as the broker hires industry veteran Ying Chan.
Chan comes with a significant background in quantitative finance and software development. Scope Markets has been investing in talent heavily, welcoming several senior industry figures since launching its expansion effort last year.
Chan spent over a decade developing a variety of trading platforms for many companies in the industry, including Katla Trading, Alpari, FCI, GKFX, and Algolabs. His expertise in software development and quantitative finance is the perfect fit for the Scope Markets team in Cyprus, which is working on the next generation of products from the company.
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The brokerage continues its expansion effort after over the past year the company not only committed to boosting its team but also signed a sponsorship deal with West Ham United.
Cyprus Continues as Operations Hub
Chan is taking a new role at the Cyprus office of Scope Markets. While the island has traditionally been a regulatory hub, the country also has developed a wide-varying talent pool for the needs of the retail brokerage industry.
Over the years, a number of brokers headquartered across the EU have chosen Cyprus as an operational base. Brokers and technology providers alike are keen to boost their presence in the European industry’s major hub, especially in light of the looming Brexit.
Despite the regulatory changes across the EU last August, the vast talent pool and the advantages of being located in the center of an industry hub continue to attract investment on the part of retail broking companies.