Rostro Group’s institutional and retail brokerage companies, Scope Prime and Scope Markets, both continued to trade without any down time in metals and indices on Friday, despite an outage at the CME Group.
The Chicago-based exchange operator had to halt trading in futures and options, after a technical glitch at a data centre it operates.
As CFD brokers derive their pricing for a range of products from instruments listed on CME’s exchanges, many of them also had to pause trading in those products.
However, the two Rostro companies derive their pricing from multiple trading venues and market makers. They were able to continue offering pricing and execution to their clients as a result.
Multiple users on the r/Forex subreddit reported problems with pricing and execution, as well as stop losses being hit as a result of faulty pricing.
“We use multiple liquidity providers and venues for our metals and indices products,” said Pavel Spirin, Chief Growth Officer at Rostro Group. “That means we are not exposed to a single point of failure, which is something we saw impact the market today.”
This is not the first time Scope Markets and Scope Prime’s investment in infrastructure over the last couple of years has paid off.
The brokerage group noted earlier this month that it had managed to maintain 100% uptime on its platforms and facilitate all payments in October, despite huge volatility in the markets and record levels of client activity.
