Securities Listed on Option Market 
                 J.D. Seibert & Co., Inc.                       

Summary Statistics:

Non-directed orders as percentage of total customer orders   95/95
Market orders as percentage of total non-directed orders     31/95
Limit orders as percentage of total non-directed orders      64/95
Other orders as percentage of total non-directed orders      0/95

Venues receiving significant percentage of total non-directed orders:

CBOE                                                         26/95
AMOP                                                         33/95
PCOS                                                         19/95
Philadelphia                                                 17/95

Information Concerning significant Venues:

CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             18/64
Market orders as percentage of total market orders           8/31


AMOP

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             25/64
Market orders as percentage of total market orders           8/31


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             17/64
Market orders as percentage of total market orders           2/31


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             4/64
Market orders as percentage of total market orders           13/31