Plus500 Adds Single Stock Futures as Non-OTC Revenue Hits 15%

Plus500 has added CME Group's single stock futures to its US offering, including micro-sized contracts, the online trading firm said in a Monday regulatory update. The launch extends a non-OTC business that produced about 15% of group revenue in the first half of 2026.

CME opened the new market on July 27 with 77 contracts: 55 standard-sized futures based on 100 shares of the underlying stock and 22 micro contracts based on 10 shares. The underlying list covers more than 50 companies drawn from the S&P 500, Nasdaq 100 and Russell 1000, including Nvidia, Tesla, Apple and SpaceX.

More than 35 retail intermediaries have been lined up by CME to distribute the contracts. NinjaTrader, the futures broker Kraken bought for $1.5 billion, provided access to eligible users on launch day, while Charles Schwab is offering the standard-sized contracts to clients with futures-approved accounts. Plus500 said its availability began seven days after trading opened. It did not disclose how many of the 77 contracts it lists, when customers could first trade them, or the margin and commission terms, saying it will add instruments based on customer demand, liquidity and market conditions.

Single stock futures have a difficult history in the US: they were barred for roughly two decades before regulators cleared them in 2002, volume never developed, and the contracts disappeared by 2020. CME Chairman Terry Duffy told Fortune before the relaunch: 'When we introduced them the first time, they failed miserably.' The new contracts are cash settled, trade for 23 hours a day, five days a week, and unlike options do not carry time decay or shifting implied volatility.

The launch comes as Plus500's earnings growth outside its core over-the-counter business accelerates. The company reported first-half revenue of $462.9 million, up 12%, with EBITDA of $187.5 million, up 1%. The EBITDA margin narrowed to 41% from 45%. The non-OTC unit covering US futures and share dealing contributed roughly $70 million, up about 30% year over year. Plus500 entered US futures in 2021 through its acquisition of Cunningham Commodities; IG Group made a comparable move that year with its $1 billion purchase of tastytrade.

The company is also expanding as a clearing and execution provider. On July 29, it agreed to supply US futures infrastructure to Wealthsimple, giving the Canadian brokerage's more than 4 million investors their first direct access to US futures. Plus500 also provides clearing and execution for FanDuel's prediction markets venture with CME, Kalshi and prop trading firm Topstep. Plus500 launched its own prediction markets in February with economic, financial and geopolitical contracts, then added Kalshi sports contracts in June. Chief Executive David Zruia said the futures launch 'builds on the momentum we are seeing across our non-OTC business.' Plus500 does not break out prediction markets revenue and gave no figures alongside Monday's announcement.