RT Journal Article
SR Electronic
T1 Investor Type, Transaction Fees, and Single-Stock Futures
JF The Journal of Trading
FD Institutional Investor Journals
SP 67
OP 72
DO 10.3905/jot.2007.669802
VO 2
IS 1
A1 Travis L. Jones
YR 2006
UL https://pm-research.com/content/2/1/67.abstract
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