In the month of September, price improved contracts on BOX Options Exchange (“BOX”) averaged 271,291 per day, which represented a 59% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $396,412 per day, while total savings to investors this month was $8.3M. With this, BOX has saved investors over $545M since its inception in 2004. Overall average daily trading volume on BOX in the month of September was 383,224 contracts, which represented a 10% increase over the same period last year.
FTSE Mondo Visione Exchanges Index:
BOX Options Exchange Price Improvement Activity For September
Date 02/10/2014
