The transfer was accomplished progressively over six weeks starting on June 12. It is expected that immediate benefits to Boston Options Exchange (BOX) users will include improved response times during peak traffic periods and a much faster opening match in the morning.
This completes phase one of the exchange’s migration to a new trading environment, to be followed by phase two in September with the replacement of BOX’s HUB Communications software. The new environment will allow BOX to add 500 additional options classes, increase the number of Market Maker appointments on all options classes and increase Market Maker messaging throughput, which will improve market quality.
It will also provide full penny quoting and is expected to reduce the exchange’s technical operations costs.
