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
flow to BOX may be a slow process as many firms are firmly
entrenched in their order flow arrangements.
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