From: Anthony J Benincasa [tonycasa@erols.com]
Sent: Wednesday, September 03, 2003 12:16 PM
To: rule-comments@sec.gov
Subject: Re: BOX - SR-BSE-2002-15

 

 

Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street, N.W. 

Washington, D.C. 20549-0609

 

Dear Secretary Katz,

 

I am a retail investor that has traded options for over 30 years and I am 
writing to tell you that I have read the proposed rules for options trading 
on the Boston Options Exchange (BOX) and I have visited their website and 
read about PIP, the Price Improvement Process.  I am hoping that you will 
promptly approve the BOX plan as it seems like it would greatly improve the 
execution for the retail investor.  It seems that PIP would tremendously 
benefit the public investor and perhaps improve liquidity in the options 
markets by making them more efficient and fairer.  Thank you for your time 
and attention to this matter.  This could only make the options market better.

 

Sincerely,

 

Anthony J Benincasa

252 Merrybrook Drive

Havertown, PA 19083