BOX Tops $200 Million In Cumulative Savings To Investors - Trading Volume Jumps 80%

The Boston Options Exchange (BOX) announced today that it has achieved $203 million in savings for investors through its price improvement period (PIP). June was also the second busiest month in BOX’s history with average daily volume (ADV) increasing by 80% compared to the same period one-year ago.

“BOX took 35 months to hit $100 million in customer savings via the PIP, but only 18 months to hit $200 million – so we did it twice as fast," said Will Easley, Vice Chairman of BOX. “And, we are, of course, very pleased to see year-over-year volume increase 80%.”

BOX revolutionized the options world when it introduced penny trading with its launch of PIP over four years ago. The opportunity to deliver better prices is seen in its more than $3.93 average price improvement per contract versus the prevailing NBBO for contracts submitted to the PIP.^* June saw an average of 77,613 contracts receiving price improvement each day with monthly savings to investors of $6.4 million.

Average daily volume for BOX for the month of June was 787,219, which translates to a BOX market share in BOX traded classes of 6%. Also during the month of June, BOX finalized its expansion program by rolling out 17 new classes to reach a total of 1,506 classes currently traded on the Exchange. With the completion of the recent expansion of classes, BOX has reached its goal of being a full-service exchange – trading over 1,500 classes.

The Boston Options Exchange Group, LLC (BOX) was established in February 2002 by the Boston Stock Exchange, Inc. (BSE), the Montréal Exchange and Interactive Brokers Group LLC. BOX’s equity partners are among the most important options firms in the U.S.: Citigroup, Credit Suisse First Boston, Interactive Brokers, JP Morgan, Morgan Stanley, UBS and Citadel Derivatives Group LLC. BOX is an all-electronic equity derivatives market and was created as an alternative to the existing market models. BOX launched trading in February 2004. For more information, see the BOX website: www.bostonoptions.com .

^* As of June 30, 2008