For the month of February, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.73 per contract, up from $2.60 in January and $2.40 in December. An average of 34,834 contracts per day received price improvement during the month. Total monthly savings to investors reached $1.8M. Average daily trading volume on BOX for the month of February 2010 was 267,620.
* Patent application pending for BOX Price Improvement Process auction
