In the month of September, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.96 per contract, just slightly shy of the all-time record set last month. An average of 79,468 contracts per day received price improvement during the month. This represented savings to investors of $6 million. With this amount, BOX has reached $147 million in savings to investors since inception.
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