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In the month of November, price improved contractson BOX Options Exchange (“BOX”) averaged 289,373 per day, which represented an 8% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $183,071 per day, while total savings to investors this month were $3.8 MM. With this, BOX has saved investors over $367MM sinceits inception in 2004. Overall average daily trading volume on BOX in the month of November was 576,335 contracts, which represented a 38% increase over thesame period last year.
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