Online trading platform ETORO (NASDAQ:ETOR) has deployed a new type of futures contract for Spanish users, allowing them to trade positions that reflect current market prices rather than future valuations.
The NASDAQ registered company said today (Wednesday) that it is offering spot-cited futures contracts in six markets: S&P 500, NASDAQ-100, Russell 2000, Dow Jones Indunational Average and Bitcoin and Ethereum. The agreement comes from CME Group, a Chicago-based derivative exchange.
Unlike regular futures contracts where prices are contracted at expected future values, these spot-cited versions track the actual current price of the underlying asset. Think of it as a futures trading that looks like you’ll buy stocks and crypto at today’s prices.
Yossi Brandes, Vice President of Etoro’s Running Services
“We are proud to be one of the first platforms to provide spot-cited futures,” said Yossi Brandes, Vice President of Running Services at Etoro. The contract “simplifies access to futures by expressing positions on spot market terms.”
The move is based on Etro’s previous launch of traditional futures trading in Spain, allowing qualified users to access 20 different contracts across stock, energy and gold markets.
Low entry barrier
These new contracts require around $200 to start. It is significantly less than most traditional futures products. They also run for a year without a quarterly or monthly rollover that can complicate regular futures trading.
Spanish users can make these contracts longer or shorter for most of the weekday hours. But there’s a catch. Daily funding adjustments will smash overnight positions to maintain contract prices to actual market prices.
Talisaromon, Regional Manager of Etro in Iberia and Latin America
Talisalomon, regional manager of Etro in Iberia and Latin America, told Spanish retail investors that the addition was “in the seamless experience of Etro, where they are flexible and all manage investments from a single multi-asset platform.”
CME Group’s Richard Stalker is called “a smaller, more accessible sized contract suitable for individual investors,” with “family spot-based pricing and longer date expiration dates.”
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Increased appetite for retail futures
The launch is due to growing retail interest in futures trading, driven in part by products like CME’s micro-contracts, which have lowered the barrier to entry. CME introduced spot-cited futures in June 2025 and pitched them as an easy-to-understand alternative to traditional futures.
However, Etro’s disclaimer warns that these measures “contain a significant risk and are not suitable for all investors.” The company says traders “may lose more than initial investment due to the volatility in the price of the underlying asset.”
The agreement is currently available to eligible Spanish Etoro users, and the company says it will notify registered users when the product becomes available.
In the meantime, Israeli Fintech has launched six new target-date UCITS ETF portfolios with Franklin Templeton.