Boston Options Exchange: PIP Stats, Volume Raise Significantly

For the month of April, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.97 per contract, a 21% increase over March’s $2.45. On the same token, an average of 61,600 contracts per day received price improvement during the month, a 51% increase over March’s level. Total savings to investors this month were $3.8M.

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