Scope Markets Expands Offerings: Adds over 500 Stocks

Friday, 08/09/2023 | 06:40 GMT by Arnab Shome
  • These are the stocks listed in Canada, Austria, and Hong Kong.
  • The expansion came after Scope Markets re-entered China.
Scope Markets logo

Scope Markets, owned by the Rostro Group, has significantly scaled up its retail offerings with the addition of more than 500 single stocks, covering the ones listed on the stock exchanges in Canada, Austria, and Hong Kong.

Scope Expands Single Stock Offerings

With this addition, Scope Markets now offers equities from 11 global markets, with the number of individual stocks going over 40,000. The broker provides forex pairs and contracts for differences (CFDs) of other asset classes.

“Clients continue to look for access to trading single stocks,” Scope Markets’ Chief Market Analyst, Joshua Mahony, said, mentioning the latest expansion of products.

“Valuations may still look toppy as markets gain ground in the face of tightening monetary policy, but what we’re also typically seeing now are far bigger moves in underlying share prices off the back of fundamentals. Even a modest earnings overshoot can deliver a significant jump in a company’s fortunes.”

Scope Markets Is Expanding

Rostro Financial Group acquired Scope Markets last year in an all-cash deal.

Earlier this year, Scope Markets announced that it had re-entered the Chinese market after an exit from the country in 2021 due to regulatory challenges and economic conditions, affecting demand for its services. However, the CEO of Scope Markets, Pavel Spirin revealed to Finance Magnates that the broker did not technically leave China as it maintained “selected legacy relationships.”

Under the stewardship of Rostro, the Scope Markets brand is expanding into the Middle East and other Asian regions. It is one of the few brokers to have a license in Kenya.

The latest expansion of the offerings also shows the growing demand for Asia-listed stocks among global traders.

Mahony added: “The Hong Kong market is especially in demand right now, with stocks reacting to signs of the slowing Chinese economy, as well as responding to the frequent rounds of chatter that fresh stimulus measures will be delivered from Beijing.”

Scope Markets, owned by the Rostro Group, has significantly scaled up its retail offerings with the addition of more than 500 single stocks, covering the ones listed on the stock exchanges in Canada, Austria, and Hong Kong.

Scope Expands Single Stock Offerings

With this addition, Scope Markets now offers equities from 11 global markets, with the number of individual stocks going over 40,000. The broker provides forex pairs and contracts for differences (CFDs) of other asset classes.

“Clients continue to look for access to trading single stocks,” Scope Markets’ Chief Market Analyst, Joshua Mahony, said, mentioning the latest expansion of products.

“Valuations may still look toppy as markets gain ground in the face of tightening monetary policy, but what we’re also typically seeing now are far bigger moves in underlying share prices off the back of fundamentals. Even a modest earnings overshoot can deliver a significant jump in a company’s fortunes.”

Scope Markets Is Expanding

Rostro Financial Group acquired Scope Markets last year in an all-cash deal.

Earlier this year, Scope Markets announced that it had re-entered the Chinese market after an exit from the country in 2021 due to regulatory challenges and economic conditions, affecting demand for its services. However, the CEO of Scope Markets, Pavel Spirin revealed to Finance Magnates that the broker did not technically leave China as it maintained “selected legacy relationships.”

Under the stewardship of Rostro, the Scope Markets brand is expanding into the Middle East and other Asian regions. It is one of the few brokers to have a license in Kenya.

The latest expansion of the offerings also shows the growing demand for Asia-listed stocks among global traders.

Mahony added: “The Hong Kong market is especially in demand right now, with stocks reacting to signs of the slowing Chinese economy, as well as responding to the frequent rounds of chatter that fresh stimulus measures will be delivered from Beijing.”

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6414 Articles
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