This quotation is from the June 8,1987 , issue of Business Week.

The idea sounds almost un-American. Instead of using your smarts to pick stocks that will reach the sky, you put money in a fund that merely tracks a broad market index. But that is precisely what institutional investors are doing. . . . Indexing is a new force in the stock market... But the impact of index-funds reaches far beyond stock prices.

Discuss how indexing may have contributed to the growth of the stock index derivatives markets.