Best Price Improvement (PIP)
Week ending June 26, 2009
| Date | Symbol | Option | NBBO | Trade | Impr. |
|---|---|---|---|---|---|
| 6/25 | NDX | B NDYUT | 235.30 | 232.97 | 2.33 |
| 6/24 | GOOG | S OZFAT | 139.20 | 140.47 | 1.27 |
| 6/22 | CME | S CMESP | 74.40 | 75.56 | 1.16 |
| 6/22 | BIDU | S ZUCMB | 6.00 | 7.06 | 1.06 |
| 6/23 | GOOG | S YVCAR | 49.50 | 50.52 | 1.02 |
Unit = US$ S = SELL - B = BUY
BOX Daily Market Share 2
July 1, 2009
| Symbol | Volume | Market Share |
|---|---|---|
| SPY | 136,937 | 12.3% |
| QQQQ | 36,533 | 10.1% |
| BAC | 12,301 | 4.8% |
| IWM | 8,921 | 4.3% |
| C | 8,630 | 1.6% |
- 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
- July 2, 2009
-
BOX Eliminates Make-Or-Take Pricing On Top ETFs
BOX has eliminated Make or Take pricing on its three most active ETFs: QQQQ, SPY and IWM. For these names, orders executed for Public Customer accounts are not subject to a BOX trading fee.
- June 2, 2009
-
BOX’s Average Improvement, Volume Increase In May
In the month of May, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’) averaged $3.07 per contract, an increase over April’s $2.69. To date, BOX has saved investors over $246 million since inception with its price improvement mechanism.