eToro expands investment offering in Spain with addition of CME Group Spot-Quoted futures trading

Trading and investing platform eToro is expanding its investment offering in Spain with the addition of spot-quoted futures products from leading derivatives marketplace, CME Group. 

Eligible users in Spain can now buy and sell Spot-Quoted futures contracts for six key markets: S&P 500, Nasdaq-100, Russell 2000, Dow Jones Industrial Average, as well as bitcoin and ether. 

Spot-Quoted futures are a type of futures contract where the quoted price reflects the current i.e. spot price of the underlying asset, unlike most traditional futures contracts where the price is based on the expected price at maturity (i.e. the future price.) Positions held for longer than a day are subject to a financing adjustment that is applied to align the Spot-Quoted futures price to the current price of the underlying asset. This pricing model makes Spot-Quoted futures clear to understand. 

Spot-Quoted futures contracts require a minimum initial investment – around $200 – so users can start trading with accessible amounts and more precisely manage positions. They are long-dated contracts (one year) without a monthly or quarterly roll, which means that users can gain prolonged exposure. Users can trade long or short i.e. open BUY or SELL positions most hours of the day, five days a week. 

Commenting on the launch, Yossi Brandes, VP of Execution Services at eToro, said: “At eToro, innovation is at the heart of our mission to empower investors to build resilient portfolios. We are proud to be among the first platforms to offer Spot-Quoted futures – an innovative product for retail investors that simplifies access to futures by expressing positions in spot-market terms. We are excited to bring this to market in collaboration with CME, a global leader in derivatives.”

“Introducing Spot-Quoted futures trading represents the latest step in eToro’s goal to equip Spanish retail investors with all the tools they need, supporting them throughout their investing lives. Spot-Quoted futures provide our users with greater flexibility, all within eToro’s seamless experience of managing investments from a single multiasset platform,” explains Tali Salomon, Regional Manager for Iberia & Latam at eToro.

“With eToro, we’re pleased to bring Spot-Quoted futures to Spain, which offer the full benefits of futures trading in smaller and more accessible-sized contracts suitable for individual investors,” adds Richard Stoker, Executive Director and Head of EMEA Retail Sales and Distribution. “With familiar spot-based pricing and longer-dated expiries, these innovative contracts provide a transparent and regulated trading opportunity for equity and cryptocurrency markets.”

The addition of these six spot-quoted futures builds on the launch earlier this year of futures trading with contracts from CME Group enabling eligible users in Spain to buy and sell 20 futures contracts across three major asset classes, including U.S. equities, energy and gold.