In the month of July, price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP’*) averaged $3.13 per contract, besting the previous record of $3.05 set in April this year. This represented savings to investors of $5 million, or $247,385 per day, the fourth highest average daily figure in BOX history. An average of 78,983 contracts per day received price improvement during the month, which represents the fourth best month since BOX’s launch in February 2004.
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BOX Sets Price Improvement Record In July '06
Date 04/08/2006