BOX Saves Investors $5.1 Million, Volume Increases 40% Year-Over-Year

In the month of February, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.29 per contract. An average of 78,120 contracts per day received price improvement during the month. This represented savings to investors of $5.1 million. With this amount, BOX has reached $177 million in savings to investors since inception.

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