My boyfriend wants to watch me with another woman?

My boyfriend says he wants to watch me have sex with another woman. I am up for the idea of him watching and even jumping in to be physical with me, but I wouldn't want him to touch her. I do not want to see him have sex with anyone but me. Is this a reasonable requirement if I agree to do it? Any advice or suggestions?
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Have any other women been in a situation similar to this? I'd love to hear another womans opinion?
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