BOX Options Exchange Price Improvement Activity Increases In March

In the month of March, price improved contracts on BOX Options Exchange (“BOX”) averaged 310,495 per day, which represented a 12% increase over the same period last year.  Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $145,529 per day, while total savings to investors this month were $3.2 MM.  With this, BOX has saved investors over $380 MM since its inception in 2004.  Overall average daily trading volume on BOX in the month of March was 636,391 contracts, which represented a 47% increase over the same period last year. 

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