The Boston Options Exchange Group, LLC (BOX) announced today it has renewed its commitment to a significant presence in downtown Boston with a new 5-year lease at 101 Arch Street. The new site provides a state-of-the-art facility for the Market Operations Center (MOC) as well as dedicated office space for half of BOX’s staff. As of November, the Boston staff has moved to its new location.
“It’s important for BOX to maintain its robust presence in downtown Boston,” said Tony McCormick, BOX CEO. “Boston provides a hub for building on our key relationships that exist within the East Coast.”
BOX continues its commitment to efficient innovations and improvements that drive value for its customers. Along with the new home office, BOX has:- Launched a new operations platform with Equinix, Inc. as the location for their ultra-fast matching engine
- 3x faster than past architecture
- Response times of less than one millisecond
- Speed of a million quotes per second
- Capacity of a 100,000 orders per second
- Allocation of 5,000 messages for every logical connection
- Saved BOX customers over $300 million since its launch through one of its key features – its Price Improvement Period (PIP) auction
“BOX will host its November Board Meeting at its new location as a kick-off of the new facilities,” continued McCormick. “We look forward to showing off our space with not only our Board members, but with local business leaders, elected officials and the financial community.”
