What's New
Information in this section is updated regularly, providing the most recent developments on the BOX market, including dates for information sessions and road shows for interested parties as well as press release and media packets.

May 7, 2008
BOX Breaks Improvement Record, Continues Expansion
Program
In the month of April, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’) averaged $4.08 per contract, the highest level improvement has been at in BOX’s history. This represented savings to investors of $6.8 million. For more information click here.

April 3, 2008
BOX Surpasses $180 Million In Savings To Investors,
Volume Grows 49% Year-Over-Year
In the month of March, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’) averaged $3.62 per contract. This represented savings to investors of $5.8 million. With this amount, BOX has reached $183 million in savings to investors since inception. For more information click here.

March 5 , 2008
BOX Saves Investors $5.1 Million, Volume Increases 40% Year-Over-Year
In the month of February, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.29 per contract. An average of 78,120 contracts per day received price improvement during the month. This represented savings to investors of $5.1 million. For more information click here.

February 4, 2008
BOX Sets Trading Volume Records In January 2008, PIP
Savings Also At Record Level
The month of January 2008 proved to be the best month in BOX's history, witnessing new daily, weekly, and monthly volume records. For more information click here.

February 4, 2008
History Made For BOX: Best Monthly, Weekly & Daily Volume
BOX saw the best month in its history in January 2008 with record volumes in all categories – monthly, weekly and daily. For more information click here.

January 3, 2008
BOX Sets Records In 2007 While Innovation Continues - Year-End Recap
BOX announced today its year-end recap of its 2007 accomplishments and 2008 focus. For more information click here.

December 4, 2007
BOX Sets Trading Volume Records In November 2007
The month of November 2007 proved to be the best month in BOX's history, witnessing multiple new record highs in terms of volume. For more information click here.

December 4, 2007
BOX Expands 'Make or Take', Eliminates MAC
BOX announced today a fee filing with the SEC to expand the “Make or Take” model to include the 25 most liquid non-penny pilot names, and to eliminate the minimum activity charge (MAC). For more information click here.

December 1, 2007
BOX Has Filed With The SEC Changes To Its Fee Schedule
BOX has filed a proposal with the Commission in order to expand the "Make or Take" model to the top 25 non-penny symbols as well as eliminate the Mininum Activity Charge. For more information click here.

November 7, 2007
Want To Learn More About BOX's Innovative Products?
To learn more about BOX's products such as PIP, UPIP, or AAO click here.

November 6, 2007
BOX’s Average Price Improvement Remains At Near-
Record Level, ‘Make or Take’ Is Expanded
In the month of October, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.92 per contract, just slightly shy of the
all-time record set last August. For more information click here.

October 4, 2007
BOX’s Average Price Improvement Remains At Near-
Record Level, ‘Make or Take’ Is Launched
In the month of September, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.96 per contract, just slightly shy of the all-time record set last month. For more information click here.

October 2, 2007
BOX Enhances Structure - Montreal Seeks Increased Ownership & NASDAQ To Provide Regulatory Oversight
The Boston Options Exchange announced today that the Montreal Exchange is seeking to increase its ownership position
of BOX. In addition, NASDAQ, through BOXR, will operate as the regulatory services provider to BOX. For more information click here.

September 6, 2007
BOX Continues Momentum, Delivers Back To Back
Record Breaking Months
The month of August 2007 proved to be the best month in Boston Options Exchange’s (“BOX”) history, besting a monthly volume record set just the previous month. In August, an average daily volume of 641,187 contracts were executed at BOX. For more information click here.

September 5, 2007
BOX Operations Not Impacted By BSE Announcement
Today’s announcement from the Boston Stock Exchange (BSE) has no direct impact on BOX as it has a completely different management and operational structure. The Boston Stock Exchange has a minority interest in BOX and provides regulatory services that are not affected and will continue. For more information click here.

August 31, 2007
BOX Filed For Immediate Effectiveness To Implement 'Make or Take' Pricing Model
The Boston Options Exchange announced today that it has filed for immediate effectiveness to implement the 'make or take' transaction fee pricing model for classes included in the penny pilot as of next Tuesday September 4th.

August 28, 2007
The Boston Options Exchange Adopts 'Make or Take' Pricing Model
The Boston Options Exchange (BOX) announced today that it will implement the ‘make or take’ transaction fee pricing model for classes included in the penny pilot, subject to SEC approval. BOX’s ‘make or take’ pricing structure will reward its participants by compensating them
for providing liquidity and will charge a fee when liquidity is taken. For more information click here.

August 07, 2007
BOX Receives Regulatory Approval To Accept Orders In Pennies For All Options Series
BOX, the first options exchange to trade in pennies, received SEC approval on August 2, 2007 for the launch of its Auto Auction Order ("AAO") which will allow all Public Customer acccounts to send orders to BOX in pennies even if the option series is not part of the Penny Pilot. When a limit order denominated in pennies for a non-penny series is recieved by BOX, the order will be rounded to the nearest valid trading tick (rounded down if a buy order and up if a sell order) and booked on the BOX electronic central limit order book at the rounded price. However, whenever a price improvement auction is initiated for the series, the AAO will participate in penny increments automatically.

BOX expects to make this new order type available to BOX Participants on the BOX trading system in the second half of September, 2007.

For further information, please contact BOX MOC on 866-768-8845. To view the AAO rule text, click here.

August 03, 2007
BOX Saves Investors $6.1 Million
The Boston Options Exchange (BOX) announced that it has saved investors $6.1 million with its price improvement auction (PIP) in the month of July 2007, averaging $3.48 per contract over the prevailing national best bid and offer (NBBO) price. For more information click here.

August 02, 2007
BOX Sets Trading Volume Records In July 2007, Price
Improvement Also At Record Rate
The month of July 2007 proved to be the best month in BOX's history, witnessing multiple new record highs in terms of both volume and price improvement. For more information click here.

July 30, 2007
BOX Sees Best Week On Record
With an average daily volume of 882,400 contracts executed and a market share of 6.7% in classes traded, BOX reported the week of July 23 through 27, 2007 as its best in its history in terms of volume. The week also witnessed another major accomplishment on Thursday July 26 when BOX broke for the first time the 1 million mark in terms of daily contracts executed. These increases in volume and market share reflect increased confidence on BOX's new and revamped trading platform.

July 27, 2007
BOX Breaks 1 Million Mark For First Time
On July 26, 2007, BOX traded 1,223,666 contracts, setting a new historic high and breaking the 1 million mark for first time in its history. On a month-to-month basis, BOX has averaged over 600,000 contracts per day, making the current month BOX's best by far since its launch in February 2004. For more information click here.

July 26, 2007
BOX Beats Previous Daily Contract Volume Record In Three Of Last Four Trading Sessions
On July 20, 2007, BOX traded 960,470 contracts, breaking by far its previous volume record of 775,858 contracts. In addition, BOX has traded over 800,000 contracts in two of the subsequent three trading sessions, reaching market shares over 6% of all OCC equity options volume.

July 12, 2007
BOX Named U.S. Options Exchange Of The Year
The Boston Options Exchange (BOX) announced that it was named as the U.S. Options Exchange of the Year. The award was hosted by FOW, the global derivatives magazine. Winners were unveiled at an industry award ceremony in London last week. For more information click here.

July 2, 2007
BOX’s Average Improvement Increases Again In June, BOX Recommends Penny Pilot Expansion
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 $2.93 per contract, an increase over May’s $2.86 and April’s $2.80 For more information click here.

June 1, 2007
BOX’s Average Improvement Increases In May, Volume Hits Year High
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 $2.86 per contract, an increase over April’s $2.80. For more information click here.

May 2, 2007
BOX’s Average Improvement Stays Strong During Penny
Pilot Program, Launches 310 New Classes
In the month of April, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.80 per contract, a strong level considering the impact from the Penny Pilot Program. Also in the month of April, BOX completed the first phase of its expansion program. For more information click here.

April 30, 2007
BOX Rolls Out 74 New Classes
On Monday April 30, 2007, BOX completed the first phase of its expansion program by rolling out 74 new classes, to reach a total of 914 classes currently traded on the Exchange. In addition, during coming weeks, BOX will launch the second phase of its expansion progam and add approximately 400 additional classes for trading (subject to regulatory approval).

April 16, 2007
BOX Rolls Out 97 New Classes
On Monday April 16, 2007, BOX continued its expansion program by rolling out 97 new classes, to reach a total of 840 classes currently traded on the Exchange. In addition, during coming weeks, BOX will add 74 additional classes for trading (subject to regulatory approval).

April 9, 2007
BOX Rolls Out 40 New Classes
On Monday April 9, 2007, BOX continued its expansion program by rolling out 40 new classes, to reach a total of 743 classes currently traded on the Exchange. In addition, during coming weeks, BOX will add 160 additional classes for trading (subject to regulatory approval).

April 2, 2007
BOX Rolls Out 97 New Classes
On Monday April 2, 2007, BOX continued its expansion program by rolling out 97 new classes, to reach a total of 703 classes currently traded on the Exchange. In addition, during coming weeks, BOX will add 200 additional classes for trading (subject to regulatory approval).

April 2, 2007
BOX’s Average Improvement Stays Strong After Penny
Pilot Program, Launches 20 New Classes
In the month of March, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $2.83 per contract, a strong level considering
March was the first month with full impact from the Penny Pilot Program. For more information click here.

March 28, 2007
BOX Rolls Out 20 New Classes
On Monday March 26, 2007, BOX continued its expansion program by rolling out 20 new classes, to reach a total of 606 classes currently traded on the Exchange. In addition, during coming weeks, BOX will add 300 additional classes for trading (subject to regulatory approval).

March 02, 2007
BOX Reaches $110M In Savings To Investors, Sees Near-Record Volume Day
In the month of February, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.05 per contract. An average of 65,914 contracts per day received price improvement during the month. This represented savings to investors of $4 million. With this amount, BOX has reached $110 million in savings to investors since inception. For more information click here.

February 15, 2007
Boston Options Exchange Announces New Chairman
The Boston Options Exchange (BOX) announced today that Peter J. Layton will join as the new Chairman of the Board. Will Easley, longtime BOX executive, has been named Vice Chairman. For more information click here.

February 5, 2007
BOX Sets Record In PIP Savings, Reduces Fees For Penny Pilot Classes
In the month of February, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.23 per contract. A record-high average of 107,043 contracts per day received price improvement during the month. This represented savings to investors of $7 million, another record high. For more information click here.

January 5, 2007
BOX Reaches $100M In Savings To Investors, Launches
63 New Classes
In the month of December, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price Improvement auction (‘PIP’*) averaged $3.23 per contract. An average of 89,842
contracts per day received price improvement during the month. This represented savings to investors of $5.8 million. With this amount, BOX surpassed $100 million in savings to investors since inception. For more details click here.

January 3, 2007
BOX Tops $100M In Savings
The Boston Options Exchange (BOX) announced today that it has surpassed $100 million in savings to investors. The significant value that BOX brings to the market, and ultimately the public investor, is evident in its price improvement period (PIP), BOX’s auction that guarantees customers a price better than the prevailing best price at the six options exchanges. For more details click here.

December 5, 2006
BOX’s Price Improvement Monthly Savings To Investors
Surpass $6M For First Time, Launches 42 New Classes
In the month of November, price improvement versus the prevailing NBBO for contracts submitted via the Boston options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.23 per contract. This represented
savings to investors of $6.1 million, or $292,398 per day, making November the best month on record for both daily and monthly PIP savings. For more details, click here.

November 13, 2006
BOX Dramatically Enhances Class Offerings
The Boston Options Exchange (BOX) announced today the addition of indexed options and the launch of the rollout of over 500 new classes. Today BOX moves to an even more competitive position with offering its customers some of the most actively traded indexed options in the industry. For more details, click here.

November 6, 2006
BOX’s Price Improvement Remains Above $3 for Seventh
Consecutive Month, Prepares To Launch Index Classes
In the month of October, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.28 per contract, making October the seventh consecutive month this key statistic delivers a result above $3. For more details, click here.

October 23, 2006
BOX Adds New Leadership, R. Scott Morris to Join as CEO
The Boston Options Exchange (BOX) is pleased to announce R. Scott Morris to its newly created role of Chief Executive Officer. For more details, click here.

October 5, 2006
BOX Sets Price Improvement Record For Third Straight Month in September ‘06, Rolls Out 265 Market Maker Appointments
In the month of September, price improvement versus the prevailing NBBO for contracts submitted via the Boston Options Exchange’s (“BOX”) price improvement auction (‘PIP’*) averaged $3.36 per contract, setting a record high for third consecutive month. For more details, click here.

September 1, 2006
BOX Sets Price Improvement Record Again in August '06
In the month of August, price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP’*) averaged $3.31 per contract, beating the previous record of $3.13 set last month. For more details, click here.

August 1, 2006
BOX Sets Price Improvement Record in July '06
In the month of July, price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP’*) averaged $3.13 per contract, besting the previous record of $3.05 set in April this year. For more details, click here.

July 3, 2006
Price Improvement Through BOX’s Price Improvement Auction Holds Steady Above $3 Per Contract, Average Daily Contract Trading Volume Up 25% Over Previous Year
For the month of June 2006, the average price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction (‘PIP”*) was $3.02. This is the third consecutive month in which this figure has been above $3. For more information, click here.

June 2, 2006
BOX Trading Volume Up 62%, PIP Improvement Continues to Exceed $3 per Contract
Average daily trading volume on BOX was 444,562 contracts, a 62% increase over the previous year. Price improvement for contracts traded through the BOX Price Improvement auction was $3.05, the second consecutive month this figure has exceeded $3 per contract. For details, click here.

May 2, 2006
Price Improvement Through BOX's Price Improvement Auction Tops $3 Per Contract for First Time.
Price Improvement Through BOX's Price Improvement Auction Tops $3 Per
Contract for First Time, Average Daily Contract Trading Volume Up 24%
in April. For more details, click here

April 4, 2006
Price Improvement Tops $52 Million Since Launch.
For the month of March 2006, the average price improvement was $2.76. Cumulative PIP savings reached $4.2 million for the month, up 9% from the previous month. For more details, click here.

March 1, 2006
Price Improvement Continues at Record Levels in February 2006, Trading Up by 68%
For the second consecutive month, average per contract price improvement for PIPed customer orders was at or above $2.80 per contract as total savings to investors was over $200,000 per trading session. Average daily contract trading volume on BOX for the month was up 68%
over the same period in the previous year. For more details, click here.

February 1, 2006
BOX Contract Volume and Price Improvement Auction Set New Records in January
For the month of January, BOX's total monthly savings benefit to investors, via the PIP auction process, reached $5.5 million, up 72% from the previous month. For more information, click here.

January 20, 2006
BOX Sets New Trading Volume Record
BOX set a new single session trading volume record with 775,858 contracts. The previous record of 649,875 contracts was set on October 19, 2005

January 9, 2006
BOX Trades One Hundred Millionth Contract Since Launch
BOX trading volume surpassed the 100 million mark today. Since its launch in February of 2004 BOX has traded 100,066,085 contracts.

January 5, 2006
BOX 2005 Average Daily Volume Up 260% Over 2004
BOX trading volume increased dramatically in 2005 with an average daily volume of 310,000 contracts, a 260% increase over 2004 figures. For details, click here.

December 2, 2005
BOX Sets New Monthly Price Improvement Record
For the month of November 2005, BOX average price improvement for public customer orders was $2.84. For details, click here.

December 1 , 2005
BOX November 2005 Volumes up 83% Over Previous Year
For the month of November 2005, BOX average daily volume was 374,566 contracts, 83% above the same period one year earlier. For details, click here.

November 1 , 2005
BOX October Volumes Reach Record Highs
For the month of October, 2005, BOX's average daily volume jumped to 454,184 contracts, a 34.5% increase over the previous month, and a 33.7% increase over the previous record set in July, 2005. For details, click here.

October 31 , 2005
BOX Breaks Trading Volume and Price Improvement Records
Average daily volume for October, 2005 was 454,184 contracts, an increase of 34.5% over the previous month and of 159.8% over the same month in 2004. Average daily volume for contracts which received price improvement reached 73,170 contracts and average improvement per contract is estimated at $2.58, both of which are records. Total savings to investors from the PIP for the month is estimated at $4,200,000.

October 21 , 2005
BOX Has Busiest Week Yet
Average daily volume on BOX for this week was 515,557 contracts, the highest in BOX history. Average daily volume for the first three weeks of October is 467,179 contracts, a 37.7% increase over September and 165.2% increase over the same period in 2004.

October 19, 2005
BOX Sets Multiple PIP and Trading Volume Records
BOX set a new single session trading volume record of 649,875 contracts. The previous record of 563,004 contracts was set on October 6, 2005.

BOX also set two new price improvement (PIP) records today with 144,904 contracts improved and total session savings via the PIP at $337,036.

October 18 , 2005
BOX Daily Volume at Record Setting Pace in October
October 17, 2005: Average daily volume on BOX for the first two weeks of October is 442,991 contracts, an increase of 43.0% over the first half of September 2005 and of 166.5% over the comparable period in 2004. The ADV for the period is the highest BOX has achieved over a ten day period.

October 7 , 2005
BOX Sets New Price Improvement Record
A PIP trade in symbol TXU received a record $1.41 of price improvement over the prevailing national best bid. The previous record was an improvement amount of $0.97 set on June 30, 2005.

October 7 , 2005
BOX Sets New Record in Weekly Trading Volume
For the week of October 3 to October 7, 2005, average daily volume set a new record of 447,176 contracts. BOX ended the week with 2,235,880 contracts traded.

October 6, 2005
BOX Sets New Trading Volume Record
BOX set a new single session trading volume record with 563,004 contracts, the second time BOX has traded more than 500,000 contracts in one day. The previous record of 527,051 contracts was set on April 15, 2005

October 1 , 2005
BOX September Volumes Reach Near Record Highs
For the month of September, BOX's average daily volume rose to 337,625 contracts. This figure represents an 8.6% increase over the previous month and is just shy of the 339,702 contract record set in July 2005. For details, click here.

September 23 , 2005
BOX Sets New Record in Weekly Trading Volume
For the week of Sep. 19 to Sep. 23, 2005, average daily volume set a new record of 405,691 contracts. BOX ended the week with 2,028,457 contracts traded. This is the first time BOX volume surpassed two million contracts in a single week.

September 1, 2005
August Volume is Second Highest in BOX History
Average daily volume on BOX reached 310,813 contracts, the second highest level on BOX, up 325% from August 2004. For details, click here.

August 8, 2005
BOX Begins Trading in 20 New Names, Topping 500 for First Time
BOX expanded its market coverage with the introduction of twenty new options classes. Currently BOX lists 506 options classes.

August 1 , 2005
BOX Sets Multiple Records for Market Share and Average Dailiy Contract Volume
BOX’s share of total OCC equity option volume was 6.6% for July 2005, a new record, while the BOX share of total OCC option volume topped 6% for the first time. Average daily volume for the month was 339,702 contracts, a 10.4% increase over the previous record of 307,702 set in April 2005. For details, click here.

August 1 , 2005
BOX Begins Trading in 21 New Names
BOX expanded its market coverage with the introduction of twenty-one newly listed BOX options classes. Currently BOX lists 486 options classes. For a complete list of BOX listed classes, click here

July 25 , 2005
BOX Begins Trading in 25 New Names
BOX expanded its market coverage with the introduction of twenty-five newly listed BOX options classes. Currently BOX lists 466 options classes, with plans of reaching 500 classes by the end of summer. For a complete list of BOX listed classes, click here.

July 15 , 2005
BOX Sets New Record in Weekly Trading Volume
For the week of July 11 to July 15, 2005, average daily volume set a new record of 385,599 contracts. BOX ended the week with 1,927,996 contracts traded.

July 15 , 2005
BOX Begins Publishing Execution Quality Statistics
To provide broker dealers and customers for whom they act as agent with the data necessary to optimize execution quality, BOX is now providing monthly execution quality reports. Each report provides data by option class for marketable customer orders, including price improvement (amount and frequency), execution response times and NBBO "trade through" information. Data for the last five calendar months may be viewed by clicking here.

July 14 , 2005
BOX Has Second Busiest Day Ever
488,930 contracts were traded on BOX today, the second highest volume for a single session in BOX's history.

July 11 , 2005
BOX Begins Trading in 23 New Names
Twenty-three new options classes began trading on BOX this morning bringing the total number of BOX listed classes to four hundred and fourty-three. BOX intends to reach 500 classes listed by the end of the summer. For a complete list of BOX listed classes, click here.

July 1 , 2005
BOX OCC Monthly Market Share Sets New Record
BOX market share for OCC equity options reached 6.2% for the month as
several weekly and daily records were set; multiple records were also
established in the PIP. For details, click here.

June 30 , 2005
Banner Day for Individual Price Improvement
A PIP auction for a single contract yielded an improvement of ninety-seven cents. The previous record of sixty-one cents per contract was set on June 14, 2005. At the end of the June 30 trading session, five PIP auctions received a rate of improvement above the previous record.

June 27 , 2005
BOX Sets New Record for Weekly Market Share
For the week ending June 24, 2005, BOX market share in the 391 classes it lists was 9.1%, besting the previous record of 8.4% set on May 9, 2005.

June 23, 2005
BOX Sets New Market Share Record
BOX market share of all OCC equity option volume for the day was 8.4%, a new record (previous record was 7.5% on June 9). BOX market share for the 391 classes it lists was 10.3%, also a new record (previous record was 10.0% on April 28). Total volume for the day was 470,821, BOX's second highest total for a single session.

June 13, 2005
BOX Market Order Receives Regulatory Approval
BOX's filing with the SEC regarding the implementation of a market order received approval last Friday, June 10. To view the approval text, click here. For information regarding the implementation of this new facility on the BOX trading engine, BOX Participants should contact either their technical implementation coordinator or BOX Market Operations Center.

June 7, 2005
BOX Reception and Information Session in London
BOX will host a reception for equity options professionals in London on Monday, June 27 at 6 pm (SW1 venue). To register, click here. For details on the programme, click here.

June 1, 2005
Average Price Improvement Reaches $125,000 per Session.
BOX statistics for the month of May are available by clicking here.

May 20, 2005
Biggest PIP Yet on BOX
A PIP for 20,000 contracts on a MSFT options series was executed today, the largest single PIP to date on BOX.

May 9, 2005
BOX Sets New Record for Weekly Market Share
For the week ending May 6, 2005, BOX market share in the 346 classes it lists was 8.4%, a new record.

May 2 , 2005
BOX Sets New Monthly Market Share and Volume Records
BOX market share (as a percentage of the OCC volume in the classes it lists) was 7.7% for the month, an improvement over the previous month's 6.5%, and a new record for BOX. Average daily volume was 307,702 for the month, an improvement over the previous month's 248,149, and another new record for BOX. For more details, click here

April 29, 2005
BOX Sets New Daily Market Share Record, Will Begin Trading iShares Russell 2000 Options.

• BOX market share reached a new record of 10% of the total OCC volume in the 345 classes that BOX lists
• On Monday May 2, 2005 , BOX will begin trading options on the iShares Russell 2000 Index Fund (IWM). For more details, click here

April 15, 2005
BOX Sets New Trading Volume Record
For the second day in a row, BOX set a new single session trading volume record with 527,051 contracts, the first time BOX has traded more than 500,000 contracts in one day.

April 14, 2005
BOX Sets New Trading Volume Record
BOX trading broke through the 400,000 contract level today for the first time as volume totaled 408,378 contracts, a new single session record. The previous volume record of 349,782 was set on April 1, 2005.

April 8, 2005
BOX Market Share Sets New Weekly Record
For the week ending April 8, 2005, BOX market share in the 347 classes listed was 7.5%, a new record. BOX market share of all OCC-listed equity options classes for the week was 5.6%, also a new record.

April 1, 2005
BOX Sets New Trading Volume Record
BOX set a record for total contract volume traded in a single session; today's volume of 349,782 surpassed the previous record of 336,529 set on March 18, 2005.

April 1 , 2005
BOX Sets New Monthly Market Share Record
BOX market share (as a percentage of the OCC volume in the classes it lists) was 6.5% for the month, an improvement over the previous month's 5.9%, and a new record for BOX. For more details, click here

March 18, 2005
BOX Sets New Trading Volume Record
BOX set a second record for total contract volume traded in three days; today's volume of 336,529 eclipsed the previous record of 333,309 set on March 16, 2005

March 16, 2005
BOX Sets New Trading Volume Record
BOX set a record for total contract volume traded in a single session; today's volume of 333,309 eclipsed the previous record of 317,322 set on January 21, 2005.

March 9 , 2005
BOX Number One Exchange for QQQQ Trading
BOX market share for trading in QQQQ options was 28.8% or 70,619 contracts, making BOX the most active options exchange for the class for the day.

March 7 , 2005
BOX Sets Weekly Record Market Share
BOX market share (as a percentage of the OCC volume in the classes it lists) for the week of March 4 was 6.8%, a new weekly record. Other highlights for the week were:

• QQQQ market share was 15.6%, a new record and putting BOX in fourth place.
• SPY market share was 30.5% making BOX the leading exchange for the class.
• BOX had a market share of over 10% for sixty one of the 347 classes it lists

March 3 , 2005
BOX Sets New Market Share Records
BOX market share (as a percentage of the OCC volume in the classes it lists) was 8.4% yesterday (March 2), eclipsing the previous record set in mid-December. BOX was the second most active exchange in QQQQ trading with 23.3% of the market and the leading SPY exchange with 32.9%. BOX market share was above 10% for 94 of the 347 classes that BOX lists.

March 2, 2005
BOX Trades 30 Millionth Contract
During today's trading session, BOX traded its 30 millionth contract since the launch of trading on the morning of February 6, 2004

March 1 , 2005
BOX Sets New Monthly Market Share Record
BOX market share (as a percentage of the OCC volume in the classes it lists) was 5.9% for the month, an improvement over the previous month's 5.6%, and a new record for BOX. For more details, click here

February 4, 2005
BOX Reaches One Year Anniversary, Trades 26 Millionth Contract
Exactly one year ago, BOX commenced trading with five options classes. In the meantime, BOX has grown to 347 classes and a daily average volume approaching 250,000 contracts with a market share exceeding 5%. For more details, click here

February 1, 2005
BOX January Records
Average daily trading volume for January 2005 on BOX was 235,897 contracts, a 40.5% increase over the previous month, and a new record for BOX. With only four days until BOX's first anniversary, cumulative volume traded since the BOX launch is 25,459,215 contracts. BOX captured 5.6% of the market for the 347 classes it lists, also a new record, and the first time BOX market share for a month has topped 5%. For more details, click here

January 27, 2005
BOX Trades 25 Millionth Contract
During today's trading session, BOX traded its 25 millionth contract since the launch of trading on the morning of February 6, 2004. BOX'S average daily volume for this month is 239,746 contracts, a market share of 5.5% of the 347 classes that BOX lists. BOX will reach its first anniversary next Friday, February 4, 2005.

January 21, 2005
BOX Sets New Trading Volume Record on Second Consecutive Day
Boston, January 21, 2005: For the second consecutive day, BOX set a record for total contract volume traded in a single session; today's volume of 317,322 eclipsed yesterday's previous record of 306,862. This was the third consecutive week that BOX trading volume exceeded one million contracts. For full details, click here

January 20, 2005
New Daily Volume Trading Record
Trading volume today on BOX was 306,862 contracts, the first time BOX has topped 300,000 contracts in a single session. Since the beginning of the year, BOX volume is averaging 230,000 contracts per day for a market share of 5.5%

January 14, 2005
Successful Spiders Launch and Record Weekly Volume

• BOX Completed the first week of trading of options on Standard and Poor's Depository Receipts ("SPY") with a total of 203,780 contracts traded for an average daily volume of 40,756 and an estimated market share for the week of 25%
• For the second consecutive week, BOX set a new record for total trading volume in a week with 1,192,450 contracts traded the five days ending January 14, 2005, and average daily volume of 238,490. BOX market share of the first two weeks of the new year is 5.5% of the total OCC volume in the 347 classes that BOX lists

January 12, 2005
Citadel Derivatives Becomes Equity Investor in BOX
Citadel Derivatives Group, L.L.C., has signed an agreement to become an equity investor in the Boston Options Exchange. For full details, click here

January 10, 2005
BOX First Day Volume in Spider Options
On the first day of trading of options on the Standard & Poor's Depository Receipts ("Spiders"), there were 71,971 contracts traded on BOX, an estimated 30% of the overall volume across the six US options exchanges.

January 10, 2005
BOX Launches "Spider" Options
BOX has obtained all of the necessary approvals and expects to commence trading options on Standard & Poor's Depository Receipts ("Spiders") at the opening, Monday, January 10. Eleven BOX Market Makers have been appointed on this new class.

January 7, 2005
BOX Trading Volume Tops One Million for the Week
Total BOX volume was 1,026,463 contracts, the first time average daily volume for a week has topped 200,000.

December 31, 2004
End of Year Data

• BOX (which started trading on February 6) completed its first calendar year with a total volume of 20,738,065 contracts traded
• BOX market share in the 347 classes that it lists for the last quarter of the year was 4.5% with an average daily volume of 166,000 for the same period
• BOX’s most active trading session in 2004 was December 20 when 273,495 contracts were traded, a market share of almost 8% for those classes that BOX lists
• Total price improvement to customers via BOX’s innovative PIP auction was just short of $ 6 million for the year while averaging over $ 2 per contract. For the fourth quarter of the year, savings to investors averaged $ 59,000 per trading session or $ 2.13 per contract
• Trading in Nasdaq 100 Trust options (QQQQs) averaged 39,640 contracts during the fourth quarter for a market share of 9.2%
• At the end of the year, BOX had 71 Participant firms connected to the BOX trading engine and 33 firms acting as market makers

December 20, 2004
New Trading Volume, Market Share Records
273,460 contracts were traded on BOX today, a new record for a single session, breaking the record set on November 19, 2004. BOX market share of OCC equity options volume was 6% while BOX market share in the classes it lists was nearly 8%, both new records.

December 2, 2004
New Single Session PIP Records
Total PIP volume today was 47,141 contracts, a new record for a single session. Total savings to investors via the PIP was $ 102,481, also a new record. Total savings to investors via price improvement since the launch of BOX in February 2004 is nearly five million dollars.

November 19, 2004
New Trading Volume Record
243,796 contracts were traded on BOX today, a new record for a single session, breaking the record set Wednesday of this week. Volume for the week was just short of one million contracts with an average daily volume for the five days of 199,179 contracts.

November 17, 2004
New Trading Volume Record
238,003 contracts were traded on BOX today, breaking the previous record set two weeks earlier. To view the Press Release, click here.

November 3, 2004
New Trading Volume Record and October Volumes
225,926 contracts were traded on BOX today, a new record for a single session. Press Release for October Trading Volumes. Click here for details.

November 1, 2004
October is Best Month Yet for BOX
Average daily volume for the month was nearly 175,000 contracts, a new record for BOX and 80% above September volume. BOX market share in the 349 classes it lists was 4.7% for October, compared to 3.4% for the previous month.

October 26, 2004
BOX Sets New Record for QQQs Market Share
BOX had a market share of 18.6% of the national trading volume on the Nasdaq 100 options, making it the second largest exchange for the day in that class.

October 25, 2004
27 New Classes Listed, Total Now at 350
There are now 350 options classes listed on BOX with the launch of 27 on the opening this morning. For a complete list of all classes traded on BOX, click here.

October 20, 2004
New Options Classes to Be Listed October 25
The fourth and final tranche of the previously announced rollout of 100 new classes will occur on the opening of trading on October 25, 2004 with the launch of trading in 27 new options classes on BOX. This will bring the total number of classes on BOX to 350. To view the list of the final 27, click here. For a complete list of all classes traded on BOX, click here.

October 19, 2004
Information Session
Information Session for Broker Dealer Compliance Officers: BOX Price Improvement Process and Best Execution Obligations (NYC, October 29). A two hour session regarding the above will be hosted by BOX in New York City (midtown location) on Friday morning, October 29, 2004. For details or to reserve space, click here.

October 15, 2004
BOX Completes Busiest Week Ever
Average daily volume on BOX for the week was just short of 180,000 contracts, a new record for BOX. The total PIP volume for the October 15 session was 37,929 contracts, a new record for a single session.

October 13, 2004
BOX Has Second Most Active Trading Session
BOX traded 219,883 contracts today, its second most active session ever. Average daily volume for the last ten sessions exceeds 157,000 contracts, also a record.

October 11, 2004
BOX Lists 24 New Options Classes
The third tranch of the previously announced rollout of 100 new options classes on BOX commenced trading on the opening this morning, bringing the total classes listed on BOX to 323. For a complete list of all classes traded on BOX, click here.

October 6, 2004
New Options Classes to Be Listed October 11
The third tranche of the previously announced rollout of 100 new classes will occur on the opening of trading on October 11, 2004 with the launch of trading in 24 new options classes on BOX. To view the list, click here. For a complete list of all classes traded on BOX, click here.

October 5, 2004
BOX Newsletter
The tenth BOX newsletter, providing details on most recent trading volume records is available by clicking here.

October 4, 2004
25 New Options Classes Commence Trading
The second 25 of the previously announced rollout of 100 new options classes on BOX commenced trading on the opening this morning, bringing the total classes listed on BOX to 299. To view the list, click here. For a complete list of all classes traded on BOX, click here.

October 1, 2004
BOX Sets New Trading Volume Records
BOX set two new trading volume records today:

• 225,429 contracts were traded on BOX, erasing the record of 154,141 set the previous day
• 101,891 QQQ contracts were traded on BOX, the first time a single option class has traded over 100,000 contracts in a single session

October 1, 2004
BOX Will List 25 New Options Classes on October 4
An additional 25 options classes will commence trading on BOX at the opening on Monday, October 4, 2004, bringing the total listed on BOX to 299 classes. There is an average of over ten market makers for these classes. For a list of 25 listed on October 4, click here. For a complete list of all classes traded on BOX, click here.

September 30, 2004
BOX Sets New Daily Trading Volume Record
154,151 options contracts were traded on BOX today, breaking the previous record set during the summer.

September 29, 2004
New Trading Record Again for QQQs Trading on BOX
For the second day this week, BOX set a new volume record for a single option class with 49,702 QQQs contracts traded. This represented 11% of total QQQs volume for the session, also a new record.

September 28, 2004
New Records for QQQs Trading on BOX
38,410 QQQ contracts were trade yesterday on BOX, a new BOX record for most contracts traded in a single session on a single option class. BOX QQQ market share for the day was 10.8%, also a record for BOX on the QQQs. The most recent data available show that the BOX market for QQQs is "stand alone" best price roughly 7% of the time with a "matching NBBO" percentage of 88% for a total "equal NBBO" rate of over 95%.

September 27, 2004
25 New Options Classes to Commence Trading
The first 25 of the previously announced rollout of 100 new options classes on BOX commenced trading on the opening this morning, bringing the total classes listed on BOX to 274. There is an average of over ten market makers for these classes. For a list of 25 listed today, click here. For a complete list of all classes traded on BOX, click here.

September 13, 2004
BOX to List 100 New Classes
Starting Monday, September 27, BOX will commence rolling out trading in an additional 100 options classes. The rollout will be spread over a four week period with roughly 25 classes going into production each Monday morning. For a list of the classes listed on BOX, including the date each commenced trading, click here.

August 30, 2004
New Market Maker Appointments on BOX
Over the next three weeks, BOX will add nearly 600 new market maker appointments on the existing 249 options classes. The new appointments have been assigned to both the existing 27 BOX Participants which presently act as market makers on BOX plus an additional ten new Participants who are in the process of meeting the requirements to act as BOX Market Makers. These new appointments represent an increase in BOX quoting capacity of roughly 20%.

August 27, 2004
BOX Lists Options on Google
BOX will start trading options on Google at the opening on Monday, August 30, 2004, bringing the total number of options on BOX to 249 classes.

August 23, 2004
BOX Joins US Securities Markets Coalition
BOX has become a member of the US Securities Markets Coalitions, a Washington, DC based group which monitors public issues having impact on the options and securities industries.

August 13, 2004
New Record for PIP Trade
A PIP for 10,000 QQQ August 33 Calls was executed today; the previous largest PIP trade on BOX was 5,000 contracts set earlier this summer. Four BOX Market Makers participated in the trade with net savings to the client over NBBO of $ 10,750.

August 12, 2004
BOX Newsletter
The most recent BOX newsletter (number 9), providing details on the first six months of trading on BOX, may be viewed by clicking here.

August 11, 2004
Press Release for Six Month Anniversary of Trading
Click here for text.

August 6, 2004
BOX Celebrates Six Month Anniversary with Record Trading Volume on QQQs, Second Busiest Trading Session

• Six Months of Trading: Today was the six month anniversary of the opening of trading on BOX. BOX initially listed six options classes on the morning of Friday, February 6, 2004; a total of 4,433 contracts were traded that day. Six months later, BOX lists 248 options classes and has traded a cumulative total of 6,836,877 contracts, averaging roughly 100,000 contracts per day over the past few weeks.
• New Records: 37,215 QQQs contracts were traded today on BOX, a new volume record for trading on a single class in a single session. The volume included a PIP for 5,000 contracts and four PIPs for 1,000 contracts each. 125,767 contracts were traded today, the second most active session in BOX's history.

July 23, 2004
BOX Trades Six Millionth Contract
BOX executed its six millionth contract today, reaching this milestone only two weeks after reaching the previous milestone of five milliion contracts traded.