Scope Markets’ Former CEO Jacob Plattner Co-Founds Brokerage Firm in Mauritius

Jacob Plattner, the former CEO of Scope Markets, has co-founded a new brokerage venture called Azul Markets. The company is licensed by the Financial Services Commission in Mauritius.

Plattner previously served as CEO of Scope Markets, an international brokerage, until his departure in 2023. His involvement in Azul Markets marks a return to the brokerage sector.

Targeting Institutional Clients

Azul Markets is a brokerage firm that offers direct access to financial markets and trading instruments for professional clients such as brokerages, fund managers, liquidity providers, and institutional traders.

“Though we are a startup, our team brings decades of deep experience in trading, liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management, and financial infrastructure,” the company wrote. It offers FX, metals, commodities, equities, indices, and crypto asset classes.

Azul Markets’ team also comprises Andrzej Draniewicz and Paulius Paražinskas. Draniewicz is an experienced industry professional with experience from FXPRIMUS, where he was the Head of Customer Support, and XM, where he served as the Head of Operations for nearly four years.

Mauritius Draws Another FX Industry Veteran

Mauritius continues to attract new financial startups, including ventures led by experienced figures in the FX/CFD industry. Last year, Bartosz Bielec—former Director and Board Member at Admirals (formerly Admiral Markets) and ex-Chief Commercial Officer at Alpari—co-founded a new trading business called Prime Quotes.

Prime Quotes reportedly secured regulatory licenses in three jurisdictions, including South Africa. In addition to its core offering of contracts for difference, the company announced plans to launch a digital asset exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

More from Mauritius: Former Admirals and Alpari Board Member Launches FX/CFD Broker

The company first obtained a license in Saint Lucia, a jurisdiction gaining traction among offshore FX/CFD brokers. This was followed by regulatory approval from the Financial Sector Conduct Authority in South Africa. In May 2024, PrimeQuotes Markets Ltd., registered in Mauritius, added a third license to its portfolio.

Of the three, the South African license is seen as the most strategic, positioning Prime Quotes to expand its footprint across the continent, where FX and CFD services are gaining momentum.