In 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 $4.08 per contract, the highest level improvement has been at in BOX’s history. An average of 75,601 contracts per day received price improvement during the month. This represented savings to investors of $6.8 million. With this amount, BOX has reached $190 million in savings to investors since inception.
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