BOX Sets Price Improvement Record Again In August ’06

In the month of August, price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP’*) averaged $3.31 per contract, beating the previous record of $3.13 set last month. This represented savings to investors of $5.6 million, or $245,349 per day. An average of 74,015 contracts per day received price improvement during the month.