Boston Options Exchange (BOX) said it does not anticipate having to scrap its controversial price improvement period (PIP) proposal when it submits amended regulatory filings with Securities and Exchange Commission (SEC).
BOX plans to submit two separate filings with SEC this week with a major filing on the way. Janice Foley, a BOX spokesperson, told FO Week that a third submission to SEC may come within the next week or two, and would be a major filing regarding the amended trading rules.
"This basically is our response to our discussion with SEC and will have changes based on our original filing from October...