MEMORANDUM

March 7, 2003
TO: Files
FROM: Luis de la Torre
Counsel to Commissioner Goldschmid
RE: Proposed Rule Change by the Boston Stock Exchange, Inc. Establishing Trading Rules for the Boston Options Exchange Facility, Release No. 34-47186, File No. SR-BSE-2002-15


On March 3, William J. Brodsky and Joanne Moffic-Silver of the Chicago Board Options Exchange met with Commissioner Harvey J. Goldschmid and myself, counsel to the Commissioner. Mr. Brodsky and Ms. Moffic-Silver discussed the Boston Stock Exchange's proposed new electronic options trading facility described in Notice of Filing of Proposed Rule Change by the Boston Stock Exchange, Inc. Establishing Trading Rules for the Boston Options Exchange Facility, SEC Release No. 34-47186, File No. SR-BSE-2002-15 (Jan. 14, 2003). Mr. Brodsky and Ms. Moffic-Silver expressed the views on that subject that are contained in CBOE's February 14, 2003 comment letter.