BOX Options Exchange Price Improvement Activity For August

In the month of August, price improved contracts on BOX Options Exchange (“BOX”) averaged 171,056 per day.  Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $195,265 per day, while total savings to investors this month was $4.3 MM.  With this, BOX has saved investors over $447 MM since its inception in 2004.  Overall average daily trading volume on BOX in the month of August was 332,134 contracts, a 5.2-percent increase over the previous month.

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