Retail CFD and FX broker Scope Markets has expanded its offering with a series of non-dollar-denominated gold and silver crosses.
The new tradable universe will see eight new instruments offered, including Gold priced in Chinese Yuan and Japanese Yen, as well as Silver priced in Japanese Yen.
Gold against AUD, EUR, JPY, GBP, CNY. Silver against AUD, EUR, JPY
In high demand, particularly in Asian markets, gold and silver have been trending higher against the US Dollar all across the world. The brokerage firm previously launched benchmark equity index pricing for Taiwan, Hong Kong, Dubai and Abu Dhabi, also as part of its ree
Scope Markets will be quoting spot gold against the Australian Dollar, Euro, Japanese Yen, British Pound, and Chinese Yuan, in addition to the traditional US Dollar pricing. Spot silver now includes quotes in Australian Dollar, Euro, and Japanese Yen alongside the standard US Dollar.
Scope Prime, Scope Markets’ liquidity provider, will present these new products at the Hong Kong Traders Fair on December 14, 2024.
“Asian market seen as a key area of focus for us in 2025”
Pavel Spirin, CEO at Scope Markets, commented: “As a business, we firmly believe in broadening access to financial markets for as many customers as possible. Whether that’s delivering new and innovative products, through educational initiatives or pushing into underserved frontier markets, we understand that there’s a world of opportunity out there. With the Asian market seen as a key area of focus for us in 2025, these latest instrument additions will act as invaluable tools for connecting with this audience.
“These new additions underline the reach of our global customer base as well our willingness to adopt the products they want exposure to. We know that bullion contracts are frequently used by the trading community to act as a hedging tool so being able to do so using a wider range of base currencies will be a key selling point.”
