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

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     32.6%
Limit orders as percentage of total non-directed orders      67.4%
Other orders as percentage of total non-directed orders      0.0%

Venues receiving significant percentage of total non-directed orders:

CBOE                                                         27.4%
AMOP                                                         34.7%
PCOS                                                         20.0%
Philadelphia                                                 17.9%

Information Concerning significant Venues:

CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             28.1%
Market orders as percentage of total market orders           25.8%


AMOP

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             39.1%
Market orders as percentage of total market orders           25.8%


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             26.6%
Market orders as percentage of total market orders           6.5%


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             6.3%
Market orders as percentage of total market orders           41.9%