John Murphy has been promoted to Managing Director of Scope Markets, the retail-focused division of ROSTRO Financial Group, following three years with the organisation. The appointment represents an internal restructuring as Murphy transitions from his previous position as Chief Commercial Officer of ROSTRO Group, which he held since March 2025.
The move signals ROSTRO’s strategic emphasis on expanding its retail business segment under the Scope Markets brand. Murphy has indicated his priority will be accelerating retail growth strategies while maintaining value delivery across client and partner relationships. His background includes nearly twenty years in retail FX, with previous roles at major firms including FXCM, Alpari, and an eight-year tenure at OANDA.
While Scope Markets concentrates on retail clients, ROSTRO’s institutional arm Scope Prime continues aggressive product expansion. Recent developments include launching a continuous gold CFD product trading through evenings and weekends, adding seventy-seven cryptocurrency CFD instruments, and implementing twenty-four-hour trading capabilities. ROSTRO has also signalled broader ambitions in digital asset infrastructure through prime services for crypto CFDs and planned spot trading functionality.
The organisational changes come as the retail FX landscape undergoes consolidation, with recent industry developments including FTMO’s acquisition of OANDA and potential sale discussions surrounding FXCM’s operator through Jefferies.
FXnCO Insight
Multi-brand strategies separating retail and institutional operations allow broker groups to pursue distinct growth trajectories while managing regulatory segmentation and optimising commercial focus for different client categories.
Source: Finance Magnates