eToro Launches Spot-Quoted Futures in Spain, Targeting Retail Market

Online trading platform eToro has introduced a new type of futures product for Spanish investors that mirrors real-time market pricing, marking a shift from traditional futures contracts based on future valuations.

The new offering includes spot-quoted futures on six key markets: the S&P 500, Nasdaq-100, Russell 2000, Dow Jones, Bitcoin, and Ethereum. The contracts, provided by CME Group, are designed to be more accessible and intuitive for retail investors.

Yossi Brandes, eToro's VP of Execution Services, described the rollout as a step toward simplifying futures trading. "We are proud to be among the first platforms to offer Spot-Quoted futures," he said, noting that they "express positions in spot-market terms."

These contracts require only about $200 to initiate and do not involve monthly rollovers, making them more approachable for newer traders. However, positions held overnight are subject to daily financing adjustments to stay in line with market prices.

Tali Salomon, regional manager for Iberia and Latin America at eToro, said the product adds "greater flexibility" for Spanish investors, all within the company's unified trading platform.

CME's Richard Stoker added that the contracts were designed to be "smaller and more accessible" while maintaining "familiar spot-based pricing."

While the move reflects growing demand for retail futures trading, eToro has emphasized the risks involved, warning that such instruments may not be suitable for all investors and can lead to losses exceeding the initial investment.