BOX’s Average Improvement Stays Strong During Penny Pilot Program, Launches 310 New Classes

In the month of April, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.80 per contract, a strong level considering the impact from the Penny Pilot Program. An average of 67,175 contracts per day received price improvement during the month. This represented savings to investors of $3.8 million.

Click here for full details.