From: steve quirk [s.quirk@saen.nl]
Sent: Wednesday, September 10, 2003 12:57 PM
To: rule-comments@sec.gov
Subject: BOX

Dear SEC
 
 
     As a potential market-maker for the BOX we are anxiously awaiting 
your approval of the format.  It is our belief that this system will 
encourage price improvement on options orders which will benefit everyone, 
most notably the customer. Significant gains have been made in pricing 
options equitably and I believe this system will continue the progress.
 
                                           Sincerely


                                           Steven Quirk
                                           Saen Options