BOX to launch new trading engine

Boston Options Exchange (BOX) has elaborated on plans to implement a new trading engine beginning in June.

Will Easley, managing director of BOX, told FO Week at the options industry conference in Miami Beach last weekend that the new trading engine will allow the exchange to improve response times and better handle bottlenecks in volume as well as deal with the anticipated industry move into penny pricing for options classes (see story p2). Migration to the new platform was expected to begin on 12 June...