BOX December 2005 Volume Up 110% Over Previous Year

Average daily contract volume on the Boston Options Exchange (BOX) for December 2005 was 320,775 contracts, a 110% increase over December 2004’s volume. For trades executed via the price improvement auction (PIP), improvement averaged $2.73 per contract for the month. Average daily PIP volume was 59,226 contracts with 29% of public customer trades receiving price improvement; the “savings” benefit to investors was approximately $160,000 per day.

Click here for full details.