Participants Providing Price
Improvement
BOX Market Makers Certified to Receive Directed Orders and Provide Price Improvement
The following firms have been certified by BOX as qualified Executing Participants of Directed Orders for price improvement. Any BOX Participant firm wishing to obtain price improvement for its customers by routing orders to a BOX Market Maker for possible submission to the PIP should contact one of these firms. Email links are provided for each; only BOX Participant firms should contact the firms listed below.
For other details on using the Directed Order facility or the PIP mechanism, email here.
Daily PIP Volume
To view daily PIP volumes and the average improvement for each PIP by trading session,
click here.
There is a Patent Pending on the BOX market model, including the PIP.
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