From: Eli Khoury [eykhoury@yahoo.com]
Sent: Wednesday, September 03, 2003 8:26 AM
To: rule-comments@sec.gov
Subject: Re: VOTING FOR BOX - SR-BSE-2002-15

Jonathon G. Katz
SEC:

Price improvement over NBBO would encourage me to
trade more options.  Presently, on many high volume
stocks, the spread has sometimes been 10% or greater
of the stock price.  This has made it impossible to
actively trade, profitably, options on many stocks, 
Especially in today's market conditions.  Just last
week I had profits in 20 SEPT 15 CALLs, where the
spread was .30 or more on a $3-$4 contract.

Trading against other orders with price improvement
has made the NASDAQ market system(via ECNs) a much
better market than before.  I believe BOX would be a
step in the right direction in making options trading
more viable for the customer.  

The end result would be increased trading in the
option market.

I would like to see the adoption of BOX for options
trading.

Eli Y Khoury
1805 Chestnut St.
Dallas, TX 75226



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