GTCFX has appointed Manglai Manglai as Head of Trade Solutions, bringing in a veteran operations professional with over six years of experience in trade execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and broker operations.

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Manglai joins the CFD broker after spending six and a half years at Scope Markets, part of the ROSTRO Group, where he held progressively senior roles in Cyprus. He most recently served as Head of Trade Solutions at Scope Markets from 2024.

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Notably, Scope Markets has seen several senior executives exit in recent months. Former Director Serkan Ismailoglu joined Tattvam Markets as Managing Partner last year, while Jacob Plattner, the former CEO of Scope Markets, co-founded a new brokerage venture called Azul Markets. The new brand is licensed by the Financial Services Commission in Mauritius.

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Another departure also saw former Regional Head Kubra Caglar join Tattvam Markets as Head of Commercial in the United Arab Emirates last month. She left Scope Markets after spending nearly nine years in a senior regional position based in Cyprus, where her responsibilities covered regional oversight and she worked with teams and clients across the broker's footprint.

Manglai worked as Trade Solution Manager for two years and as Senior Operations Officer for nearly three years. His career trajectory at Scope Markets demonstrates expertise in trade execution systems, liquidity management, and operational infrastructure, critical areas for brokers competing in the retail FX and CFD space.

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At GTCFX, Manglai will oversee trade solutions, a role that typically involves managing trade execution quality, optimizing liquidity relationships, and ensuring smooth operations across the broker's trading infrastructure.

UAE Category 5 License

Scope Markets was acquired by Rostro in 2022 in an all-cash deal. The acquisition was completed in 2023, when Rostro assumed control of Scope Markets' licensed entities in Cyprus, Kenya, South Africa, and Belize.

Last December, Rostro secured a Category 5 license from the UAE Securities and Commodities Authority, allowing the group to conduct introduction and promotion activities in the country. The license enables Rostro to offer access to over 60 regional CFD equities and proprietary indices tracking the Dubai and Abu Dhabi stock markets.