From: 	Erich Tengelsen  
 Sent:	Wednesday, February 12, 2003 11:02 AM
 To:	'rule-comment@sec.gov'
 Subject:	Boston Options Exchange
 
 
 
 
 Mr. Jonathan G. Katz
 2-12-2003
 Secretary
 Securities and Exchange Commision
 450 5th St., NW
 Washington, DC 20549-0609
 
 
 
 
 
 Mr. Katz:
 
      This letter is in reference to the BSE filing SR-BSE-2002-15, Boston
 Stock Exchange, Inc. filing to establish
 trading rules for the Boston Options Exchange facility.  I would like to
 take the opportunity to make some comments
 in support of the exchange.  First, I believe it is extremely important
 that this is being set up as a flat and open market
 structure, not as a "franchise" for specialists. Second, it's technology,
 price structure and qualifications for participation
 make it accessible to virtually all market makers which will ultimatly
 provide the greatest depth and liquidity.  Third, the
 BOX will have a system which will be a competitive market in its truest
 form, using a strict price/time algorithm which will
 not and cannot discriminate between participants. 
 
     
      In short, I believe this format will provide the most competitive and
 liquid market place and I am writing to voice my strong
 support as an individual and as a partner in a market making firm. 
 
 
 
 
 
 
 
 Sincerely,  
 
 Erich Tengelsen
 Chicago Trading Company