From: Jeff Levitt [j.levitt@stantonchase.com]
Sent: Thursday, September 04, 2003 4:50 PM
To: rule-comments@sec.gov
Subject: Re: BOX - SR-BSE-2002-15

Mr. Jonathan Katz
Secretary
Securities and Exchange Commission
450 Fifth St., N.W.
Washington, DC 20549-0609

Mr. Katz,

I am an investor and retail options trader; I am sending this e-mail to the
Securities and Exchange Commission to comment on the proposed Boston Options
Exchange rules. As a retail customer, I am interested in the best price when
my order reaches a market, the lowest cost, best order routing and most
importantly, the integrity of the price market. After reading Chapter V,
Section 18 rules that describe the Price Improvement Period, I perceive this
model to be more beneficial to a public customer like myself than the
current national best bid/best offer system. PIP should allow me to trade
with other orders that are in between a quoted price market.

I endorse the Boston Options Exchange. I believe it will greatly add market
transparency, price fairness and integrity, and PIP will make bid/offer
spreads more competitive.

Thank you for your consideration on this matter.


Yours,

Jeff

Jeff Levitt
Director of Research
Stanton Chase International
T: 312-863-6165 x-100
F: 312-863-6166
E: J.Levitt@stantonchase.com