From: Steven K. Gross [Steven@penso.com] Sent: Wednesday, September 03, 2003 4:25 PM To: rule-comments@sec.gov Subject: BOX is the future!! I envision an options exchange where spreads are measured in pennies not nickels and dimes; Where all investors are on equal footing with market makers; Where those who better price and liquidity are embraced not shunned; Where the goal is to create the best pricing for investors not to protect market maker franchises; This vision is represented by The Boston Stock Exchange. Steve Gross Penso Capital Markets, LLC 516 791-3800