SPB Exchange to launch trading in new type of futures in crypt, foreign stocks in April
MOSCOW. April 3 (Interfax) - The SPB Exchange plans to launch trading in futures contracts in the second half of April 2026, with variation margins fixed on closed positions, and the exchange refers to the contracts as neo-assets in the announcement.
Investors will have access to neo-assets in shares of Advanced Micro Devices , Amazon.com Inc. , Coinbase Global , Netflix Inc. , and Tesla , as well as the cryptocurrency indices of Bitcoin, Ethereum, Solana, Ripple, and Tron.
"Neo-assets offer the Russian market a fundamentally new model for trading derivatives instrument aimed at reducing investor costs. Transactions are commission-free. Positions can be opened and closed an unlimited number of times free of charge. Fees are charged only for holding positions overnight," the exchange said.
T-Investments will be the first broker to provide investors with access to the instruments.
Trading will be daily from 7:00 a.m. to 12:00 a.m. Moscow time on weekdays and from 10:00 a.m. to 12:00 a.m. Moscow time during weekends and holidays.
Trades in neo-assets linked to the price of cryptocurrencies will be available only to qualified investors, while trades with other neo-assets will be available to non-qualified investors after passing a test.
The price of neo-assets follow the price dynamics in an underlying asset's currency. Only collateral is required to open a position, with the amount depending on the price of a neo-asset and market volatility, and it is recalculated daily. The variation margin is calculated in the quoted currency and accrued/written off in rubles. The instrument is cash-settled, meaning no delivery of the underlying asset is required. "All obligations are fulfilled in cash, in rubles, within Russian jurisdiction, without the use of foreign infrastructure," the exchange said.
The SPB Exchange launched trading on the derivatives market in October 2025. The first instruments offered were futures in cryptocurrency indices, namely Bitcoin and Ethereum, and in Russian and foreign stocks of Brazil, India, China, and Saudi Arabia.
