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In the month of August, price improved contracts on Boston Options Exchange (“BOX”) averaged 366,281 per day, which represented a 79% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged over $317,000 per day, while total savings to investors this month were $7.3MM. With this, BOX has saved investors over $355MM since its inception in 2004. Overall average daily trading volume on BOX in the month of August was 870,508 contracts, which represented a 148% increase over the same period last year.
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