PT  - JOURNAL ARTICLE
AU  - Travis L. Jones
TI  - Investor Type, Transaction Fees, and Single-Stock Futures
AID  - 10.3905/jot.2007.669802
DP  - 2006 Dec 31
TA  - The Journal of Trading
PG  - 67--72
VI  - 2
IP  - 1
4099  - https://pm-research.com/content/2/1/67.short
4100  - https://pm-research.com/content/2/1/67.full
AB  - This study, using a dataset from the Options Clearing Corporation, examines the type of investor that aided in the development of single-stock futures. In March 2005, OneChicago instituted a discounted trading fee program for its member firms that is attributed as a primary reason that the depth and breadth of single-stock futures trading by institutions has increased so dramatically above the trading volume of individuals, who were primarily responsible for the market's initial growth.TOPICS: Security analysis and valuation, futures and forward contracts, exchanges/markets/clearinghouses