In the month of April, price improved contracts on BOX Options Exchange (“BOX”) averaged 271,555 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $173,580 per day, while total savings to investors this month were $3.4 MM. With this, BOX has saved investors over $384 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of April was 618,318 contracts, which represented a 39% increase over the same period last year.
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