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In the month of December, price improved contracts on BOX Options Exchange (“BOX”) averaged 266,627 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $146,904 per day, while total savings to investors this month were $3.1 MM. With this, BOX has saved investors over $370 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of December was 496,487 contracts, which represented a 22% increase over the same period last year.
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