BOX Exchange
BOX Exchange LLC is an SEC-registered U.S. national securities exchange operating BOX Options Market LLC (electronic and floor-based equity options trading) and BSTX (securities trading facility). It serves broker-dealers, market makers, and institutional traders under consortium ownership.
- Company typePrivate
- Founded2012
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BOX Exchange does
BOX Exchange LLC is a national securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934, launched in 2012 and owned by a consortium of firms whose specific identities are not publicly disclosed. The company operates and regulates two wholly-owned facilities: BOX Options Market LLC, an equity options market offering both electronic and floor-based trading, and BSTX, a securities trading facility operating under BOX's regulatory oversight. BOX Exchange is responsible for regulating and monitoring activity across its facilities to ensure compliance with exchange rules and federal securities laws, functioning as a self-regulatory organization.
The platform architecture combines an electronic trading system with a physical trading floor, supported by surveillance, market monitoring, and compliance infrastructure characteristic of a regulated U.S. exchange. BOX Exchange serves securities industry participants — broker-dealers, market makers, institutional traders, and retail-flow intermediaries — who require a regulated venue for equity options trading. The Chicago-headquartered entity (135 S. LaSalle Street, Suite 4250) governs under Massachusetts law and operates exclusively in the U.S. market.
BOX Exchange generates revenue through transaction-based fees tied to trading activity, supplemented by regulatory fees, listing fees, and membership fees, billed under multi-year contracts with market participants. Its go-to-motion is direct enterprise engagement with approved market participants rather than traditional marketing; member notices, regulatory communications, and industry presence substitute for conventional sales channels. As a private consortium-owned exchange operator, BOX does not have publicly traded shares and is not subject to public equity disclosure obligations.
BOX Exchange firmographics
Firmographics- Name
- BOX Exchange
- Legal name
- BOX Exchange LLC
- Website
- https://boxexchange.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BOX Exchange LLC is an SEC-registered U.S. national securities exchange operating BOX Options Market LLC (electronic and floor-based equity options trading) and BSTX (securities trading facility). It serves broker-dealers, market makers, and institutional traders under consortium ownership.
- Ownership category
- akta.pro rank
Where BOX Exchange is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BOX Exchange business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Others
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Market participant fee structure based on trading activity |
Distribution channels1 record
BOX Exchange product offering
Product offeringCore offering
BOX Exchange LLC operates a fully regulated national securities exchange for equity options, providing both electronic and floor-based trading on its BOX Options Market LLC facility. It also oversees BSTX, an additional securities trading facility, and is responsible for regulating and monitoring activities on its facilities to ensure compliance with Exchange rules and federal securities laws. Revenue is generated through transaction-based trading fees, membership fees, and regulatory fees.
Product overview
BOX Exchange operates as a fully regulated national securities exchange operator that promotes fair, efficient, and transparent markets. The company oversees two main facilities: BOX Options Market LLC (an equity options market with both electronic and floor-based trading) and BSTX. BOX Exchange is responsible for regulating and monitoring activities on its facilities to ensure compliance with Exchange rules and federal securities laws. The exchange generates revenue through various fee structures including regulatory fees, listing fees, and trading-related charges.
Differentiator
Problem solved
Functional benefit
Brands
- BOX Options: BOX Options Market LLC is the primary equity options market facility operated by BOX Exchange, featuring both electronic and floor-based trading.
- BSTX
Companies that use BOX Exchange
Customer profileSegments1 record
Ideal customer profiles1 record
BOX Exchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
BOX Exchange partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Consortium of FirmscoreBOX Exchange is owned by a consortium of firms. The specific firms comprising the ownership consortium are not publicly disclosed on the website.
Scale indicators2 records
Recent moves4 records
Expansion highlights3 records
BOX Exchange competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
BOX Exchange social profiles
Digital presenceBOX Exchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
BOX Exchange leadership team
Management profileNumber of profiles
BOX Exchange subsidiaries and ownership
Company hierarchySubsidiaries2 records
BOX Exchange funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BOX Exchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BOX Exchange
What does BOX Exchange do?
BOX Exchange LLC operates a fully regulated national securities exchange for equity options, providing both electronic and floor-based trading on its BOX Options Market LLC facility. It also oversees BSTX, an additional securities trading facility, and is responsible for regulating and monitoring activities on its facilities to ensure compliance with Exchange rules and federal securities laws. Revenue is generated through transaction-based trading fees, membership fees, and regulatory fees.
Is BOX Exchange a public or private company?
BOX Exchange is a private company. It is classified as corporate owned and is currently operating.
When was BOX Exchange founded?
BOX Exchange was founded in 2012. It employs 11 to 50 people.
Where is BOX Exchange based?
BOX Exchange is headquartered in Boston, United States, in the North America region.
Does BOX Exchange have an API?
No public API is recorded for BOX Exchange.