From: Jerome Israelov
Sent: February 16, 2007
Subject: File No. SR-CBOE-2006-106

At it's core, the issue between the CBOT and the CBOE is a contractual dispute. Our court system is in place to adjudicate just such disputes. Respectfully, the mission of the SEC is to protect investors, not parse ambiguous contract language. The court system is the appropriate venue for this dispute.

Thank you

Jerome Israelov