For the month of February 2006, the average price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (“PIP” *) was $2.80, the second consecutive month this figure has been at or above $2.80. Total monthly “savings” benefit to investors was $3.9 million with an average of 73,408 contracts receiving price improvement daily. This represents an average daily “savings” to investors of approximately $205,782. All of these figures are second only to January 2006 as being the best in BOX’s history.
Click here for full details.
