In the month of May, price improved contracts on BOX Options Exchange (“BOX”) averaged 268,548 per day, which represented a 9% increase over the same period last year. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $429,141 per day, while total savings to investors this month was $9.0MM. With this, BOX has saved investors over $506 MM since its inception in 2004. Overall average daily trading volume on BOX in the month of May was 398,937 contracts.
FTSE Mondo Visione Exchanges Index:
BOX Options Exchange Price Improvement Activity For May
Date 02/06/2014
