Scope Markets Kenya, a licensed non-dealing online forex broker
Forex Broker
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
Read this Term, announced on Tuesday that it appointed Alex Karanja Njoroge as its new Executive Director and Chief Executive Officer.
According to the announcement, Kenneth Waiganjo was also named as an Executive Director and Chief Financial Officer of the company. On the one hand, Njoroge has more than 18 years of experience in the financial services industry, including asset management, banking, and consulting. In addition, organizational strategy, business development, and risk management
Risk Management
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
Read this Term are Njoroge’s areas of expertise.
Before joining ICEA Asset Management, he worked for Chase Bank as a Senior Corporate Dealer, Manager Treasury Sales, Head of Treasury, Assistant General Manager, and General Manager.
In addition to his Bachelor of Commerce degree (Banking and Finance) from Nazarene University, he holds a Master of Business Administration degree from Strathmore Business School. Further, he holds ACI dealing certification, which is a worldwide recognition of forex proficiency.
“With Alex joining our team in Kenya as the CEO, bringing on board diverse financial sector experience, we are optimistic we will sustain the growth momentum as we seek to push the business to the next level,” Jacob Plattner, Scope Markets Group CEO, commented.
On the other hand, Waiganjo has worked in a wide range of industries, including shipping, advertising, and food and beverage. Finance forecasting and analysis, as well as financial reporting for global companies, are among his specialties.
In addition to a Master’s degree in Business Administration from Kenyatta University, he holds a Bachelor’s degree in Commerce (Accounting) from the Catholic University of Eastern Africa. He also holds a certified membership in the Institute of Certified Public Accountants of Kenya (ICPAK).
Rostro Group Acquisition
In February, Scope Markets Group announced that it had been acquired by Roger Hambury’s Rostro Group in an all-cash deal. The deal will be funded with Rostro’s existing cash reserves, but the financial terms of it were not revealed.
Scope Markets Kenya, a licensed non-dealing online forex broker
Forex Broker
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
Read this Term, announced on Tuesday that it appointed Alex Karanja Njoroge as its new Executive Director and Chief Executive Officer.
According to the announcement, Kenneth Waiganjo was also named as an Executive Director and Chief Financial Officer of the company. On the one hand, Njoroge has more than 18 years of experience in the financial services industry, including asset management, banking, and consulting. In addition, organizational strategy, business development, and risk management
Risk Management
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent.
Read this Term are Njoroge’s areas of expertise.
Before joining ICEA Asset Management, he worked for Chase Bank as a Senior Corporate Dealer, Manager Treasury Sales, Head of Treasury, Assistant General Manager, and General Manager.
In addition to his Bachelor of Commerce degree (Banking and Finance) from Nazarene University, he holds a Master of Business Administration degree from Strathmore Business School. Further, he holds ACI dealing certification, which is a worldwide recognition of forex proficiency.
“With Alex joining our team in Kenya as the CEO, bringing on board diverse financial sector experience, we are optimistic we will sustain the growth momentum as we seek to push the business to the next level,” Jacob Plattner, Scope Markets Group CEO, commented.
On the other hand, Waiganjo has worked in a wide range of industries, including shipping, advertising, and food and beverage. Finance forecasting and analysis, as well as financial reporting for global companies, are among his specialties.
In addition to a Master’s degree in Business Administration from Kenyatta University, he holds a Bachelor’s degree in Commerce (Accounting) from the Catholic University of Eastern Africa. He also holds a certified membership in the Institute of Certified Public Accountants of Kenya (ICPAK).
Rostro Group Acquisition
In February, Scope Markets Group announced that it had been acquired by Roger Hambury’s Rostro Group in an all-cash deal. The deal will be funded with Rostro’s existing cash reserves, but the financial terms of it were not revealed.
Source: https://www.financemagnates.com/executives/scope-markets-kenya-names-new-ceo/