Securities Listed on Option Market - 1st Quarter 2002 
                 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     8.3%
Limit orders as percentage of total non-directed orders      91.7%
Other orders as percentage of total non-directed orders      0.0%

Venues receiving significant percentage of total non-directed orders:

CBOE                                                         32.4%
NYSE                                                         60.7%
PCOS                                                         6.2%
Philadelphia                                                 0.7%

Information Concerning significant Venues:

CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             33.1%
Market orders as percentage of total market orders           25.0%


NYSE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             59.4%
Market orders as percentage of total market orders           75.0%


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             6.8%


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             0.8%