Boston Options Exchange Saves Investors $2.3M In March

For the month of March, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.45 per contract. An average of 40,894 contracts per day received price improvement during the month, resulting in $2.3M in total savings to investors. With this, BOX has saved investors $269M since its inception in 2004. Average daily trading volume on BOX for the month of March 2010 was 279,611.

* Patent application pending for BOX Price Improvement Process auction