BOX achieves $203m savings for investors

08 Jul 2008 email

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Boston Options Exchange (BOX) has achieved $203 million in savings for investors through its price improvement period (PIP). June was also the second busiest month in BOX’s history with average daily volume increasing by 80% compared to the same period a year ago.

“BOX took 35 months to hit $100 million in customer savings via the PIP, but only 18 months to hit $200 million – so we did it twice as fast," said Will Easley, vice chairman of BOX. “And, we are, of course, very pleased to see year-over-year volume increase 80%.”

“The CME Group remains committed to our clients in Asia, and growing our business in the region continues to be a large part of our growth strategy.”

The Merc says it still has Asia in its sights