Electronic Brokerage Systems, LLC

September 12, 2003

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

Dear Sir,

Re: SR-BSE-2002-15

Electronic Brokerage Systems, LLC is a member of the Options Clearing Corporation.

This letter is being written in support of the trading model of the Boston Options Exchange.

The following features appeal to our clients:

The order book is firm on the markets without differentiation as to the origin of the order.

There is no rule against the electronic generation of out transmission of orders.


Robert C. Sheehan