Best Price Improvement (PIP)
Week ending January 22, 2010
| Date | Symbol | Option | NBBO | Trade | Impr. |
|---|---|---|---|---|---|
| 1/21 | AAPL | B 110 | 110.00 | 108.08 | 1.92 |
| 1/22 | GMCR | S YBJAP | 20.40 | 21.74 | 1.34 |
| 1/19 | HHH | S HHHEK | 3.40 | 4.55 | 1.15 |
| 1/21 | DDM | S HXDSI | 4.40 | 5.26 | 0.86 |
| 1/21 | ENR | S ENRNM | 4.10 | 4.89 | 0.79 |
Unit = US$ S = SELL - B = BUY
BOX Daily Market Share 2
February 4, 2010
| Symbol | Volume | Market Share |
|---|---|---|
| SPY | 44,969 | 2.0% |
| QQQQ | 16,022 | 2.1% |
| BAC | 9,004 | 1.8% |
| EEM | 8,901 | 2.5% |
| C | 8,736 | 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
- February 3, 2010
-
PIP Volume, Improvement Increase In January, Volume Grows 41%
In the month of January, price improvement versus the prevailing NBBO for contracts submitted via BOX's PIP averaged $2.60 per contract, up from $2.40 in December. Average daily trading volume increased 41% on a month-to-month basis.
- January 6, 2010
-
BOX Saves Investors $1.8M In December
In the month of December, price improvement versus the prevailing NBBO for contracts submitted via BOX's PIP averaged $2.40 per contract, resulting in $1.8M in total savings to investors.
- December 2, 2009
-
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.