In the month of October, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.28 per contract, making October the seventh consecutive month this key statistic delivers a result above $3. This represented savings to investors of $5.6 million, or $253,982 per day. An average of 77,484 contracts per day received price improvement during the month. To date, BOX has saved investors over $89 million.
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Boston Options Exchange’s Price Improvement Remains Above $3 for Seventh Consecutive Month, Prepares To Launch Index Classes
Date 06/11/2006