From: gregdi@earthlink.net
Sent: Wednesday, September 03, 2003 9:04 AM
To: rule-comments@sec.gov
Subject: Re: BOX - SR-BSE-2002-15

Rulemaking Board,

I am a small, retail investor and I trade options.  I understand that you 
are considering comments relating to rules proposed by the Boston Options 
Exchange (BOX) that would implement a "price improvement" feature.  This 
would be done within the context of a fully electronic order matching system.

I can't pretend to understand the inner workings of the system, but it seems 
to me that the proposal is "pro-consumer" and I hope that you will give it 
favorable consideration.  It will probably cause some short term pain for 
vested interests (i.e., the existing options exchange), but I believe that 
it is in the best long term interest of the options industry.

Regards,

Gregg Richter