March 2006 Statistics For The Boston Options Exchange: “Saving To Investors” Through BOX’s Price Improvement Auction Tops $52 Million, Average Daily Volume Up 35% Over Previous Year

For the month of March 2006, the average price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP”*) was $2.76. Total monthly “savings” benefit to investors was $4.2 million, up 9% from previous month. This adds to BOX’s grand total of over $52 million in savings passed onto its customers. An average of 66,967 contracts received price improvement daily on BOX. This represents an average daily “savings” to investors of approximately $184,783.

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