In the month of July, price improved contracts on BOX soared to an average of 200,244 per day, a five-fold increase over the level registered only five months ago. Price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $1.15 per contract. Total savings to investors this month were $4.8M. With this, BOX has saved investors $291M since its inception in 2004. Average daily trading volume on BOX for the month of July 2010 was 392,361.
FTSE Mondo Visione Exchanges Index:
Boston Options Exchange Price Improved Contracts Continue Impressive Ascent
Date 03/08/2010