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What's New

bulletAugust 29, 2008
 Change to BOX Ownership
The Montreal Exchange (MX) completed the acquisition of a 21.9% ownership position of BOX from the Boston Stock Exchange, Inc. (BSE) bringing MX ownership position in BOX to 53.2%. No changes to the BOX market model, management or operating platform are planned as a result of the transaction. For more information click here.

August 4, 2008
 BOX Sets Multiple Trading Volume Records in July, Monthly PIP Savings Also At Record Level
The month of July 2008 proved to be the best month in BOX's history, witnessing new daily, weekly, and monthly volume records. Monthly PIP savings averaged $3.77 per contract. For more information click here.

July 16, 2008
 BOX Records Yet Another All-Time High
On July 15, 2008, BOX traded 1,451,453 contracts, setting a new historic high and breaking the previous record of 1,309,287 contracts set just a few days ago on July 11.

July 11, 2008
 BOX Breaks Daily and Weekly Volume Records
On July 11, 2008, BOX traded 1,309,287 contracts, setting a new historic high and breaking the previous record of 1,302,061 contracts traded on January 23rd of this year. In addition, BOX has also recorded its best weekly performance in its history, averaging 1,159,679 contracts executed daily and breaking the previous weekly record of 1,048,500 average daily contracts executed on January 22nd through 25th of this year.

July 7, 2008
 BOX Tops $200 Million In Cumulative Savings To Investors,
Trading Volume Jumps 80%
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. For more information click here.

July 3, 2008
 BOX Reaches $200M In PIP Savings, Delivers Near-Record Month In Terms Of Volume
In the month of June, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange's ("BOX") price improvement auction ('PIP') averaged $3.93 per contract. This represented savings to investors of $6.4 million. With this amount, BOX has reached $203 million in savings to investors since inception. For more information click here.

June 13, 2008
 Management Change At BOX
BOX announced today Scott
Morris has decided to leave his role as CEO of the company to pursue other
opportunities. Will Easley, Vice Chairman and one of the founders of BOX, will act as
the interim leader, effective immediately. For more information click here.

 

 

 

 

 

 

 
Archives
 
BOX Price Improvement (PIP)
BOX was the first options market to provide the possibility of price improvement to private investors via its innovative electronic auction process known as the PIP.
Average Daily PIP Savings
Last 9 months | 2006 |2007 | 2008
Estimation of money saved by investor using PIP versus the prevailing National Best Bid or Offer (NBBO) at time of trade
BOX Average Daily Volume
Last 9 months | 2006 | 2007 | 2008

 



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