From: Chadwick [wisdomapprentice@yahoo.com]
Sent: Wednesday, September 03, 2003 3:39 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. 20549-060

Mr. Katz:

I am just writing to explain that I would greatly appreciate your quick
approval of the Boston Options Exchange.  I understand why many
exchanges and their business partners might want to delay/stop the
approval of said exchange due to it's superiority in option price
improvement.  I plead that you closely evaluate the nature of the
proposal and consider that it would only allow for customers/traders to
be filled at more competative prices.  This exchange is actually
proposing option pricing rules which is similar to decimalization which
was already inacted on stocks about 3-4 years ago and has allowed for
better competative pricing.  If you've ever traded options, I am certain
that you are aware that the spread between the bid/ask can kill an
investor/trader, and it's the exchanges and their business affiliates
that have setup rules that make it possible for only them to benefit
from this: traders/investors cannot make markets.

At any rate, I've rambled a little, but I implore you to allow for a
free and unihibited options exchange between businessmen at the Boston
Options Exchange.  The options exchanges have been monopolies for long
enough.  I'm just requesting that you allow for capitalism and
competition, return.

Thank you for your time.

Sincerely,
Chadwick McHugh