Retail CFD
and FX broker Scope Markets unveiled new non-dollar bullion trading pairs today
(Monday), targeting expansion in Asian markets as part of its 2025 growth
strategy.
Scope Markets Expands
Asian Footprint with New Bullion Trading Pairs
The company
has added gold pricing against five major currencies including Chinese Yuan and
Japanese Yen, complementing its recent launch of Asian equity index products.
Silver trading has also been expanded to include Australian Dollar, Euro and
Japanese Yen crosses.
“We
firmly believe in broadening access to financial markets for as many customers
as possible,” said Pavel Spirin, CEO at Scope Markets. “With the
Asian market seen as a key area of focus for us in 2025, these latest
instrument additions will act as invaluable tools for connecting with this
audience.”
The move
comes just days after Scope Markets announced that Siri
Porncharoenrit has been appointed as the new Country Manager for Thailand,
one of its key Asian markets. She brings extensive industry experience, having
previously worked for several notable brands, including serving as the Country
Manager for Thailand at Hantec Markets, a role she held for over three years.
The
expansion moves beyond traditional USD-denominated precious metals trading,
reflecting growing demand for localized hedging instruments across Asian
markets. The new products will be showcased at the upcoming Hong Kong Traders
Fair on December 14th.
New gold
pairs include: AUD,
EUR, JPY, GBP I CNY and new silver pairs: AUD, EUR and JPY.
“We know
that bullion contracts are frequently used by the trading community to act as a
hedging tool so being able to do so using a wider range of base currencies will
be a key selling point,” Spirin added.
Product Updates
This is
another addition to the product lineup following Scope Markets’ October launch
of two new equity indices aimed at providing global investors with access to
the Dubai and Abu Dhabi stock markets. These indices, named AD15 and DXBI,
enable traders to capitalize on the performance of UAE markets.
According
to the company, the new offering simplifies global traders’ access to the
regional equity indices of Dubai and Abu Dhabi. AD15, representing Abu Dhabi,
and DXBI, representing Dubai, are accessible to investors through a single
transaction, offering a streamlined approach to investing in two of the
region’s fastest-growing markets.
The UAE
equity markets have shown notable growth over the summer compared to many other
global markets. Between June and August 2024, the Abu Dhabi benchmark index
increased by 10%, while the Dubai index outperformed with a 15% rise.
Retail CFD
and FX broker Scope Markets unveiled new non-dollar bullion trading pairs today
(Monday), targeting expansion in Asian markets as part of its 2025 growth
strategy.
Scope Markets Expands
Asian Footprint with New Bullion Trading Pairs
The company
has added gold pricing against five major currencies including Chinese Yuan and
Japanese Yen, complementing its recent launch of Asian equity index products.
Silver trading has also been expanded to include Australian Dollar, Euro and
Japanese Yen crosses.
“We
firmly believe in broadening access to financial markets for as many customers
as possible,” said Pavel Spirin, CEO at Scope Markets. “With the
Asian market seen as a key area of focus for us in 2025, these latest
instrument additions will act as invaluable tools for connecting with this
audience.”
The move
comes just days after Scope Markets announced that Siri
Porncharoenrit has been appointed as the new Country Manager for Thailand,
one of its key Asian markets. She brings extensive industry experience, having
previously worked for several notable brands, including serving as the Country
Manager for Thailand at Hantec Markets, a role she held for over three years.
The
expansion moves beyond traditional USD-denominated precious metals trading,
reflecting growing demand for localized hedging instruments across Asian
markets. The new products will be showcased at the upcoming Hong Kong Traders
Fair on December 14th.
New gold
pairs include: AUD,
EUR, JPY, GBP I CNY and new silver pairs: AUD, EUR and JPY.
“We know
that bullion contracts are frequently used by the trading community to act as a
hedging tool so being able to do so using a wider range of base currencies will
be a key selling point,” Spirin added.
Product Updates
This is
another addition to the product lineup following Scope Markets’ October launch
of two new equity indices aimed at providing global investors with access to
the Dubai and Abu Dhabi stock markets. These indices, named AD15 and DXBI,
enable traders to capitalize on the performance of UAE markets.
According
to the company, the new offering simplifies global traders’ access to the
regional equity indices of Dubai and Abu Dhabi. AD15, representing Abu Dhabi,
and DXBI, representing Dubai, are accessible to investors through a single
transaction, offering a streamlined approach to investing in two of the
region’s fastest-growing markets.
The UAE
equity markets have shown notable growth over the summer compared to many other
global markets. Between June and August 2024, the Abu Dhabi benchmark index
increased by 10%, while the Dubai index outperformed with a 15% rise.
This post is originally published on FINANCEMAGNATES.
