From: Derek Mahar [derekmahar@pppoe.ca]
Sent: Sunday, September 14, 2003 6:54 AM
To: rule-comments@sec.gov
Subject: Re: BOX - SR-BSE-2002-15

Mr. Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street, N.W. Washington, D.C. 20549-0609

Dear Mr. Jonathan G. Katz:

I agree with the introduction of the Boston Options Exchange (BOX).  Not
only is it a purely electronic exchange leading to more efficient
transactions, but its unique Price Improvement (PIP) feature will result in
lower option spreads, and with that, lower option trading costs for
independent traders like myself.

Please do all that you can to ensure the prompt and smooth introduction of
the BOX to worldwide traders of US options.

Sincerely,

Derek Mahar

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Derek Mahar
derekmahar@yahoo.com
+1 514-522-3131
http://derekmahar.netfirms.com
4254 Moise Picard
Montreal QC H1X 3M1
Canada
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