BOX will operate as a fully automated equity options market that will conduct trading in options on individual U.S. equities, equity indicies, exchange-traded funds, and single stock futures. The Boston Stock Exchange will serve as the regulatory services provider, with oversight by the U.S. Securities and Exchange Commission. Bourse Montréal Inc., through its trading platform, will provide technical and operational services for BOX and will license and customize electronic exchange software for derivatives trading. Interactive Brokers will provide options market design and marketing assets and will participate as a financial investor in BOX.
During its first six months of operation, BOX intends to trade options contracts (calls and puts) on the 100 most actively traded U.S. equity issues with other classes to follow.
