Article ID Journal Published Year Pages File Type
9551447 Finance Research Letters 2005 11 Pages PDF
Abstract
On November 8, 2002, two new exchanges, OneChicago and NQLX, began trading single stock futures (SSFs). We study how these exchanges choose the listed products. The selection process is consistent with the objective of maximizing the market opening success. The estimated probability of listing is a good predictor of the single stock futures' post-listing success, as measured by their trading volume in the first year.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Single stock futures: Listing selection and trading volume
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