BOX’s Average Improvement Increases In May, Volume Hits Year High

In the month of May, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.86 per contract, an increase over April’s $2.80. An average of 69,110 contracts per day received price improvement during the month. This represented savings to investors of $4.3 million.

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