TY - JOUR T1 - Investor Type, Transaction Fees, and Single-Stock Futures JF - The Journal of Trading SP - 67 LP - 72 DO - 10.3905/jot.2007.669802 VL - 2 IS - 1 AU - Travis L. Jones Y1 - 2006/12/31 UR - https://pm-research.com/content/2/1/67.abstract N2 - 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 ER -