In the month of October, price improved contracts on BOX Options Exchange (“BOX”) averaged 336,691 per day, which represented a 51% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP”) averaged $190,247 per day, while total savings to investors this month were $4 MM. With this, BOX has saved investors over $363MM since its inception in 2004. Overall average daily trading volume on BOX in the month of October was 662,311 contracts, which represented a 68% increase over the same period last year.
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