From: Damodharan Ramkumar [rkumar@omantel.net.om]
Sent: Wednesday, September 03, 2003 12:18 PM
To: rule-comments@sec.gov
Subject: Re: BOX - SR-BSE-2002-15

To,

Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street, N.W. Washington, D.C. 20549-0609

Dear Sir,

I would like to bring to your kind attention that proposed Boston options 
Exchange (BOX) with its distinguishing feature Price Improvement Period 
(PIP) will reduce spreads and trading costs to option investors. This 
exchange should be encouraged and in my opinion SEC should apply pressure 
on other options exchanges to provide similar provisions in the trading 
systems so that wide spreads which contribute to huge trading costs can 
be eliminated. 

This will  increase efficiency all the options exchanges, benefit all 
option market players and also improve liquidity for options.

 

Thanks

 

Damodharan  Ramkumar