From: Simon Lubershane [simon@lolallc.com]
Sent: Wednesday, September 10, 2003 1:51 AM
To: rule-comments@sec.gov
Subject: Re: SR-BSE-2002-15

Attn: Johnathan G Katz
Secretary, Securities and Exchange Commission


Dear Mr. Secretary:

Pursuant to SR-BSE-2002-15, it is my unequivocal opinion that the proposed
Box exchange will be a boon to all option investors and traders of every ilk
and stripe. Particularly compelling is its open platform relying solely on
price-time priority for execution as well as significantly lower transaction
fees and authentic price improvement incentives.

It has been my experience too often as a retail investor that the extant
exchanges fail to honor their markets on a timely basis. The BOX will foster
a more  honest and competitive marketplace for America's options.


Sincerly,

Simon Lubershane