Boston Options Exchange (BOX) executives said they are pleased with the progress the startup market has made since launching in February 2004.
Will Easley, BOX managing director, told FO Week that since January the exchange has steadily gained market share in the 347 classes it trades. BOX statistics show its market share has grown to about 8% in the listings it offers last week and about 7% of total options industry volume. Easley attributed the growth to "quality of execution."
Easley admitted, however, that steering traditional order...