From: Paul Britton [Paul.Britton@makoglobal.com]
Sent: Tuesday, February 11, 2003 9:11 AM
To: 'rule-comments@sec.gov'
Subject: Boston Options Exchange (SR-BSE-2002-15)

Re: SR-BSE-2002-15, Boston Stock Exchange, Inc. Filing to Establish 
Trading Rules for the Boston Options Exchange Facility 

Dear Mr. Katz, 

I am writing to you in support of the Boston Stock Exchange's filing
mentioned above introducing a fully electronic Options Exchange Facility in
the US which will provide equal electronic access to all participants. 

In Europe MAKO is a leading options market maker in all of the electronic
markets it operates in (Eurex, Euronext/Liffe) providing liquidity and
competitive prices in a wide range of equity, index and fixed income
products. MAKO has started to expand its operation from Europe to the US two
years ago. 

Although we are directly participating in three of the US options exchanges
and two of the US futures exchanges by now we still consider ourselves a new
entrant to the US market. We are therefore extremely pleased with the Boston
Stock Exchange's initiative to create a fully electronic and open market
place taking down hurdles of entry and providing a level playing field to
compete openly with other market participants. 

We believe that the Options Exchange Facility suggested based on its trading
rules and open electronic access will increase competition across all US
Options Exchanges and - as a result of that - will improve prices for
customer flows. 

Sincerely,

Paul Britton
CEO MAKO Global Derivatives, LLC
44, Wall Street (4th floor)
New York, NY 10005