The Boston Options Exchange Group (BOX) is an automated electronic options market that is jointly owned by the TMX Group and seven broker dealers. BOX was formed in 2002 and began trading in February 2004 as an alternative to the then-existing market models.
Additional meaning of Boston Options Exchange (BOX):
The exchange offers options derivatives on approximately 1,500 different securities. It generates fully tradeable orders and provides multiple competing market makers. BOX also provides SOLA, a trading platform which matches or improves option prices and responds to orders in less than 20 milliseconds.