BOX Breaks Improvement Record In Consecutive Months, Rolls Out New Classes

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 $4.39 per contract, setting an all-time high and breaking the record set just the previous month. An average of 78,597 contracts per day received price improvement during the month. This represented savings to investors of $7.2 million. With this amount, BOX has reached $197 million in savings to investors since inception.

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