Electronic Brokerage Systems
February 12, 2003
Mr. Jonathan G. Katz
Dear Mr. Katz
Re: SR-BSE 2002-15 Boston Stock Exchange, Inc. Filing to Establish
Our firm is a member of the Options Clearing Corporation. Our firm and our sister firm are engage in options brokerage.
I am writing in support of the BOX trading model.
The following features appeal to our clients:
The order book is firm on the markets without differentiation as to the origin of the order.
All participants are treated equally in the matching process.
There is no rule against electronically generated and transmitted orders.