RT Journal Article SR Electronic T1 Delivered Futures on Exchange-Traded Funds JF ETFs and Indexing FD Institutional Investor Journals SP 88 OP 93 VO 2003 IS 1 A1 Howard L. Simons YR 2003 UL http://guides.pm-research.com/content/2003/1/88.abstract AB Indices, despite their popularity, are not trading instruments. Index futures and options have addressed this deficiency, and the exchange-traded fund has taken process one step further. Delivered futures on ETFs eliminate many of the problems associated with index trading and their versatility opens new trading opportunities.