%0 Journal Article %A Travis L. Jones %T Investor Type, Transaction Fees, and Single-Stock Futures %D 2006 %R 10.3905/jot.2007.669802 %J The Journal of Trading %P 67-72 %V 2 %N 1 %X 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 %U https://jot.pm-research.com/content/iijtrade/2/1/67.full.pdf