Scope Markets Loses Trade Solutions Head to GTCFX

GTCFX has hired Manglai Manglai as its new Head of Trade Solutions, the CFD broker announced. Manglai brings over six years of experience in trade execution and broker operations, most recently serving as Head of Trade Solutions at Scope Markets, part of the ROSTRO Group, since 2024.

Prior to that role, he spent nearly three years as Senior Operations Officer and two years as Trade Solution Manager at Scope Markets, based in Cyprus. His responsibilities covered trade execution systems, liquidity management, and operational infrastructure.

The departure is the latest in a series of senior exits from Scope Markets over the past year. Former Director Serkan Ismailoglu left to become Managing Partner at Tattvam Markets, while former CEO Jacob Plattner co-founded a new brokerage called Azul Markets, which is licensed by the Financial Services Commission in Mauritius. More recently, former Regional Head Kubra Caglar joined Tattvam Markets as Head of Commercial in the UAE last month, ending her nearly nine-year tenure at Scope.

At GTCFX, Manglai will oversee trade solutions, managing execution quality, liquidity relationships, and the broker's overall trading infrastructure. His appointment comes as GTCFX strengthens its operations team.

Scope Markets Under Rostro

Scope Markets was acquired by Rostro in 2022 in an all-cash deal completed in 2023. Rostro took control of Scope Markets' licensed entities in Cyprus, Kenya, South Africa, and Belize. In December 2024, Rostro obtained a Category 5 license from the UAE Securities and Commodities Authority, enabling it to offer introduction and promotion activities in the country and provide access to over 60 regional CFD equities and proprietary indices tracking Dubai and Abu Dhabi stock markets.