BOX Reaches $100M In Savings To Investors, Launches 63 New Classes

In the month of December, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.23 per contract. An average of 89,842 contracts per day received price improvement during the month. This represented savings to investors of $5.8 million. With this amount, BOX surpassed $100 million in savings to investors since inception. On a yearly basis, average price improvement per contract for 2006 set a new record high at $3.09.

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* Patent application pending for BOX Price Improvement Process auction