@article {Jones67, author = {Travis L. Jones}, title = {Investor Type, Transaction Fees, and Single-Stock Futures}, volume = {2}, number = {1}, pages = {67--72}, year = {2006}, doi = {10.3905/jot.2007.669802}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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{\textquoteright}s initial growth.TOPICS: Security analysis and valuation, futures and forward contracts, exchanges/markets/clearinghouses}, issn = {1559-3967}, URL = {https://jot.pm-research.com/content/2/1/67}, eprint = {https://jot.pm-research.com/content/2/1/67.full.pdf}, journal = {The Journal of Trading (Retired)} }