The social negotiation focusing on the ETORO Electronic broker (Nasdaq: ETOR) has announced that it is expanding its investment offer for its customers in Spain, with the addition of future derivative products in the world.
Eligible users in Spain can now buy and sell future fulfillment contracts for six main markets: S&P 500, Nasdaq-100, Russell 2000, Dow Jones Industrial Average, as well as Bitcoin and Ether.
The interest rates are a kind of future fulfillment contract, where the reporting price reflects the current IE price of the underlying asset, as opposed to most traditional future contracts, where the price of the current price is based on the expected price (ie the future price). This pricing model makes it clear the Futures specified by the spot-quotter for understanding.
Futal fulfillment contracts require a minimum initial investment-$ 200-so users can start accessing accessible amounts and more accurately. These are long -term contracts (one year) without a monthly or quarterly roll, which means that users can get prolonged exposure. Users can exchange long or short market positions or sell most of the day, five days a week.
Commenting on the launch, Yossi Brandes, VP of execution services at ETORO, he said,
“In ETORO, innovation is at the center of our mission to strengthen investors to create durable portfolios. We are proud to be one of the first platforms to offer Spot-Quoted Futures-an innovative product for retail investors to simplify access to the future. Spot-market.
Tali Salomon, Iberia & Latam Regional Director at ETORO explained,
“The introduction of future fulfillment transactions, the last step on Etoro’s goal of equipping Spanish retail investors with all the tools they need, supporting them throughout their investment life.
Richard Stoker, executive director and head of EMEA’s retail sales and distribution to CME Group added,
“With Etoro, we are pleased to bring the contracts set by Spain, which offer the full benefits of future fulfillment transactions to smaller and more affordable contracts that are suitable for individual investors.
The addition of these six Spot-Quoted Futures is based on launch earlier this year of future transactions with contracts by the CME team that allows eligible users in Spain to buy and sell 20 future contracts in three major assets, including US.
The possibility of transactions of future future fulfillment is currently available only to ETORO -based ETORO users. Etoro registered users will be notified when future fulfillment transactions are available to them.