From: Robert S. [ozymandious@comcast.net]
Sent: Thursday, September 11, 2003 3:55 PM
To: rule-comments@sec.gov
Subject: BOX - SR-BSE-2002-15

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

Dear Sir,
 
As a private investor with over 25 years options trading experience, I should 
like to express my view that the introduction of the BOX and its attendant 
rules would be a triumph for the small investor over the Wall Street powerhouse, 
and help level what is now a very uneven playing field.  There is no reason, 
other than lining the pockets of market makers, for the current wider spreads 
between bid and ask prices of options than the corresponding spreads in the 
underlying stock.
 
I hope you speedily approve the BOX introduction, and don't cave in to the 
monopolistic desires of the current option exchanges.
 
Best regards,
 
Robert E Shultz
 
robert.shultz.pc.62@aya.yale.edu