Rostro Group Secures SCA Licence to Fuel UAE Expansion and Launch Regional Trading Products

Rostro Group Secures SCA Licence to Fuel UAE Expansion and Launch Regional Trading Products

International fintech and monetary companies supplier Rostro Group has secured a Category 5 licence from the UAE Securities and Commodities Authority (SCA), marking a big milestone in its global expansion strategy. The approval permits the group to deepen its operations within the United Arab Emirates, positioning it as a regulated and compliant participant in the nation’s quickly evolving monetary ecosystem.

The licence is a key element of Rostro Group’s long-term dedication to the area, enabling it to provide a collection of new merchandise tailor-made particularly for the local market. These embody entry to over 60 regional contract for distinction (CFD) equities and proprietary indices designed to monitor the performance of the Dubai and Abu Dhabi inventory markets.

Aligning with a ‘future-ready’ monetary hub

The approval comes as the SCA continues to strengthen its oversight and increase trade requirements across the UAE. For Rostro Group, the licence serves as a validation of its adherence to these rigorous expectations relating to transparency, investor safety, and accountable market engagement.

Michael Ayres, chief government officer of Rostro Group, who leads the group from the UAE and has intensive experience in the area’s fintech sector, highlighted the strategic significance of the jurisdiction.

“We at Rostro Group see the UAE as one of the most forward-thinking financial centres, one that will soon rival leading centres like London, Singapore or New York,” Ayres said. “Securing this licence deepens our alignment with the country’s vision to build a tech-first, institutionally robust financial ecosystem and propels our contribution to its next phase of growth.”

New merchandise for institutional and retail shoppers

Rostro Group operates a multi-brand construction designed to serve various investor classes. Its Scope Prime division caters to institutional shoppers, offering liquidity and buying and selling infrastructure, while Scope Markets focuses on retail people.

With the new regulatory approval, the group is rolling out particular companies for the Gulf Cooperation Council (GCC) area. Scope Prime is now positioned to present multi-asset prime brokerage companies to monetary establishments across the GCC. Meanwhile, the retail-facing Scope Markets division will provide account sorts denominated in a number of currencies, including AED and USD, supported by newly established local banking relationships.

The expansion of the product suite to embody over 60 regional CFD equities and devoted indices for the Dubai and Abu Dhabi markets displays the group’s strategy to present localised, related buying and selling alternatives alongside global entry.

Building a unified ecosystem

Founded in 2021 by Roger Hambury and led by Michael Ayres, Rostro Group has shortly established itself as a diversified fintech group working a number of brokerage manufacturers and investing in monetary technology companies.

The company said that the new licence permits it to function according to the UAE’s high expectations for the monetary sector. By securing local banking companions and regulatory approval, Rostro goals to take away friction for local shoppers and contribute to the “tech-first” imaginative and prescient of the UAE’s monetary management.

“Dubai and Abu Dhabi’s rapid evolution into a future-ready financial ecosystem is unmatched,” Ayres added. The group intends to leverage this atmosphere to scale its operations and provide a unified global ecosystem for its shoppers, bridging the hole between conventional monetary markets and the rising digital financial system.

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