In the month of April, price improved contracts on BOX Options Exchange (“BOX”) averaged 300,510 per day, which represented a 38% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $466,285 per day, while total savings to investors this month was $9.8MM. With this, BOX has saved investors over $497 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of April was 453,931 contracts, an increase of 23% over the same period last year.
FTSE Mondo Visione Exchanges Index:
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BOX Options Exchange Price Improvement Activity For April
Date 01/05/2014
