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Boston Options Exchange
USINFO | 2013-07-10 09:50
Boston Options Exchange Group, LLC (BOX) is an automated stock exchange owned and operated by the TMX Group. As an equity options market, it provides electronic order matching services to stock brokers and traders.
BOX was founded in February 2002 by Boston Stock Exchange, Bourse de Montréal, and Interactive Brokers. In August 2008 BOX began operations as a subsidiary of the Montreal Exchange, after the technical operator increased its ownership position to the maximum 53.2 percent. Its equity partners include Citigroup, Credit Suisse, Interactive Brokers, JP Morgan, Morgan Stanley,UBS and Citadel Derivatives Group LLC.
The exchange offers options derivatives on approximately 1,500 different securities. It generates fully tradeable orders and provides multiple competing market makers. BOX also providesSOLA, a trading platform which matches or improves option prices and responds to orders in less than 20 milliseconds.
BOX was founded in February 2002 by Boston Stock Exchange, Bourse de Montréal, and Interactive Brokers. In August 2008 BOX began operations as a subsidiary of the Montreal Exchange, after the technical operator increased its ownership position to the maximum 53.2 percent. Its equity partners include Citigroup, Credit Suisse, Interactive Brokers, JP Morgan, Morgan Stanley,UBS and Citadel Derivatives Group LLC.
The exchange offers options derivatives on approximately 1,500 different securities. It generates fully tradeable orders and provides multiple competing market makers. BOX also providesSOLA, a trading platform which matches or improves option prices and responds to orders in less than 20 milliseconds.
