SCOPE launches XMHFT with an investment of $27 million, aims for 40% profit margins by 2027

The financial consulting and fundraising firm SCOPE announced to have made an investment of $27 million to launch XMHFT, its latest venture in the high-frequency trading (HFT) sector. This investment covers a broad range of critical areas, including technology infrastructure, tech team expansion, compliance measures, API development, B2B sales relations, and continuous algorithm upgrades. XMHFT is set to deliver advanced, AI-powered HFT algorithms tailored specifically for B2B clients in the United States and India, providing mid-sized firms with access to cutting-edge trading technology at a competitive rate of $9,000 per terminal, the company stated.