Scope Markets Migrates Trading and Execution Server to LD4

by Arnab Shome
  • The brokers’ customers’ feedback drove the decision to migrate.
  • The migration will ensure faster execution speed, along with other advantages.
Scope Markets logo

Scope Markets, owned by the Rostro Group, announced today (Thursday) the completion of its trading and execution server migration to the Equinix LD4 data center in London. The migration will allow the broker to offer a “lowest-latency solution with the fastest possible transaction execution times.”

Migration to LD4

“We completed this migration from our legacy public cloud-based servers over a series of weekends to ensure there would be no disruption to trading activity,” said John Williams, the Group CIO at Scope Markets.

“From a technical perspective, our clients now benefit from a far more robust, resilient, and low latency infrastructure deployment that benefits from enterprise-grade protection against system failures, cyber-attacks and provides multiple layers of redundancy.”

The broker pointed out that the feedback from its user base primarily drove the decision to migrate to LD4. While this will improve execution speeds for retail clients, institutional counterparties favor brokers with servers within the global data center network.

“At Scope Markets, we pride ourselves on listening to what our customers want,” Pavel Spirin, the CEO of Scope Markets, said.

“The migration into LD4 is the latest illustration of our commitment to this agenda that critically moves both our pricing and execution technology into this low latency environment. We believe that this will act as a genuine service differentiator in a market that can at times look somewhat homogenous.”

Expanding Services

Meanwhile, under the stewardship of Rostro, Scope is expanding its products and geographical reach. Last September, it scaled up its retail offerings by adding more than 500 single stocks, covering the ones listed on the stock exchanges in Canada, Austria, and Hong Kong. The addition took the total number of single stocks offered by the broker to over 40,000.

Furthermore, the broker re-entered the Chinese market last year after an exit from the country in 2021 due to regulatory challenges and economic conditions, affecting demand for its services. It is strengthening its African services and recently appointed Robert van Eyden as the CEO of South African operations.

Scope Markets, owned by the Rostro Group, announced today (Thursday) the completion of its trading and execution server migration to the Equinix LD4 data center in London. The migration will allow the broker to offer a “lowest-latency solution with the fastest possible transaction execution times.”

Migration to LD4

“We completed this migration from our legacy public cloud-based servers over a series of weekends to ensure there would be no disruption to trading activity,” said John Williams, the Group CIO at Scope Markets.

“From a technical perspective, our clients now benefit from a far more robust, resilient, and low latency infrastructure deployment that benefits from enterprise-grade protection against system failures, cyber-attacks and provides multiple layers of redundancy.”

The broker pointed out that the feedback from its user base primarily drove the decision to migrate to LD4. While this will improve execution speeds for retail clients, institutional counterparties favor brokers with servers within the global data center network.

“At Scope Markets, we pride ourselves on listening to what our customers want,” Pavel Spirin, the CEO of Scope Markets, said.

“The migration into LD4 is the latest illustration of our commitment to this agenda that critically moves both our pricing and execution technology into this low latency environment. We believe that this will act as a genuine service differentiator in a market that can at times look somewhat homogenous.”

Expanding Services

Meanwhile, under the stewardship of Rostro, Scope is expanding its products and geographical reach. Last September, it scaled up its retail offerings by adding more than 500 single stocks, covering the ones listed on the stock exchanges in Canada, Austria, and Hong Kong. The addition took the total number of single stocks offered by the broker to over 40,000.

Furthermore, the broker re-entered the Chinese market last year after an exit from the country in 2021 due to regulatory challenges and economic conditions, affecting demand for its services. It is strengthening its African services and recently appointed Robert van Eyden as the CEO of South African operations.

About the Author: Arnab Shome
Arnab Shome
  • 6241 Articles
  • 79 Followers
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.
  • 6241 Articles
  • 79 Followers

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