Rostro Group has announced the appointment of Mark Foulger as Managing Director, Digital Asset Innovation.
The prime brokerage and capital markets fintech group of companies will have Mark Foulger providing strategic planning for the digital asset class, including the construction of systematic market-making and automated risk management strategies.
Mark Foulger founded Ellipse Trading
Mark Foulger will also be using his knowledge and experience to coordinate and oversee the creation of alpha generation models across a wider range of asset classes.
The new Managing Director for Digital Asset Innovation will leverage decades of experience in FX sales as well as his entrepreneurial flair to the role which focuses on the complex demands placed on a multi-asset, multi-jurisdictional brokerage when it comes to leveraging data and technology, along with principal market making in various asset classes.
Previously, he took a year-long break after founding and leading Ellipse Trading from May 2021 to August 2023. Ellipse Trading was a London-based market maker for institutional clients and ECNs.
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Before that, he was Head of Sales at Tokkyo FX and held senior sales roles at Tradair, Integral Development Corporation, London Capital Group, and GFT UK. He began his career at ING Financial Group.
“A true powerhouse in the CFD, FX and investing field”
Michael Ayres, CEO of Rostro Group, commented: “Mark is a powerful addition to the team, having worked in a number of market making, hedge fund, broker-dealers and technology companies over the last 20 years. As our latest high-profile addition, we believe this underlines the fact that Rostro Group is a true powerhouse in the CFD, FX and investing field. The best talents in the industry want to work with us and we look forward to learning from Mark’s invaluable insights, too.”
Mark Foulger as Managing Director, Digital Asset Innovation, Rostro Group, said: “The CFD and FX trading industry is now truly a mature one and for many that seems to have dampened the demand to innovate. However, Rostro Group is a genuine exception here, as can be seen with the launch of multiple new products and investing initiatives. I am delighted to be part of the team and look forward to participating in this fast growth business which is shaping the future of investing.
Rostro rebrands its retail FX/CFD broker Scope Markets
Rostro Group also recently rebranded its Belize-based FX and CFDs brokerage Scope Markets to just “Scope”. The rebranding shows that the company has completely evolved into an all-encompassing financial services provider and paves the way for the introduction of a new suite of products to serve a broader range of customers.
Recent developments to support this initiative include the launch of unleveraged fractional equity CFDs and the deployment of a new, user-optimized onboarding process. Further product innovations will be announced in the coming months.
Scope offers a range of account types, including traditional multi-asset, multi-currency CFD trading accounts which can be opened directly or via a network of introducing brokers. In addition, the new Scope Invest account has been designed to offer market access to all, enabling unleveraged CFD trading with a minimum deposit of just $50.
Last year, Rostro Financials Group, a fintech group focused on capital markets and digital assets, completed the acquisition of Scope Markets.
Scope, domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was previously controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus, and Mauritius. Rostro is led by Michael Ayres, the former chief operating officer at Equiti Capital. Prior to Equiti, Ayres, who has over 15 years of experience in the forex industry, was the operations director at GKFX.
This week, Scope appointed Fraser Nelson as Global Head of Business Development, where he will be responsible for overseeing the broker’s global growth agenda at a retail level.
