From: Dvir Langer [efficacy@netvision.net.il]
Sent: Wednesday, September 03, 2003 2:17 AM
To: rule-comments@sec.gov
Cc: Thomas Peterffy, Chairman
Subject: Re: BOX - SR-BSE-2002-15

Dear SEC/Jonathan G. Katz,

I think that the introduction of Boston Options Exchange (BOX) will be 
of great benefit to public investors/speculators because there will be 
price improvement over NBBO. Also, investors/speculators will be able to 
participate on both sides of the "BOX's" major distinguishing feature -- 
the Price Improvement Period (PIP); this will result in more customer-to-
customer trades, with reduced spreads (in between the bid/ask offered by 
market makers. I believe that all of this will make the effective spread 
I pay, and my total transaction cost for my trading, diminish.  This in 
turn will provide greater liquidity in the market place.
 
 
Sincerely,
 
 
Dvir Langer, Esq.
dvir@email.com