Best Price Improvement (PIP)
Week ending September 3, 2010
| Date | Option | NBBO | Trade | Impr. |
|---|---|---|---|---|
| 9/3 | B NDX100918C1725.00 | 133.70 | 130.05 | 3.65 |
| 8/31 | S GS120121C80.00 | 58.65 | 61.09 | 2.44 |
| 8/31 | B GOOG120121C520.00 | 43.30 | 40.96 | 2.34 |
| 9/3 | S AAPL120121C220.00 | 64.60 | 66.43 | 1.83 |
| 9/3 | S CMG100918C140.00 | 24.60 | 26.42 | 1.82 |
Unit = US$ S = SELL - B = BUY
BOX Daily Market Share 2
September 3, 2010
| Symbol | Volume | Market Share |
|---|---|---|
| SPY | 41,765 | 1.9% |
| C | 25,382 | 6.8% |
| AAPL | 15,833 | 4.9% |
| BAC | 15,032 | 5.6% |
| QQQQ | 11,051 | 2.5% |
- Estimation of money saved by investor using PIP versus the prevailing National Best Bid or Offer (NBBO) at time of trade.
- Trading volume on BOX as percentage of overall trading volume at OCC in the classes listed on BOX.
Latest News
- September 3, 2010
-
Price Improved Contracts Reach New All-Time High
In the month of August, price improved contracts on BOX increased to an average of 204,090 per day, setting a fresh all-time record and continuing their impressive ascent.
- August 3, 2010
-
Price Improved Contracts Continue Impressive Ascent
In the month of July, price improved contracts on BOX soared to an average of 200,244 per day, a five-fold increase over the level registered only five months ago.
- June 21, 2010
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OptionsCity Certified on BOX
OptionsCity is now an approved vendor for electronic trading and market making on BOX.
- December 2, 2009
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PIP Savings Surpass $260 Million
In the month of November, price improvement versus the prevailing NBBO for contracts submitted via BOX's PIP averaged $2.59 per contract, resulting in $2.0M in total savings to investors. With this, BOX has saved investors $261M since its inception.
