In the month of July, price improved contracts on BOX Options Exchange (“BOX”) averaged 280,308 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $179,218 per day, while total savings to investors this month were $3.8 MM. With this, BOX has saved investors over $395 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of July was 593,901 contracts, which represented a 1% increase over the same period last year.
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