Securities Listed on Option Market– 3rd Quarter 2002
                    J.D. Seibert & Co., Inc.

Summary Statistics:

Non-directed orders as percentage of total customer orders   115/115
Market orders as percentage of total non-directed orders     56/115
Limit orders as percentage of total non-directed orders      59/115
Other orders as percentage of total non-directed orders      0/115

Venues receiving significant percentage of total non-directed orders:

AMEX                                                         52/115
CBOE                                                         48/115
Philadelphia                                                 6/115
PCOS                                                         9/115

Information Concerning significant Venues:

AMEX

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             29/59
Market orders as percentage of total market orders           23/56


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             19/59
Market orders as percentage of total market orders           29/56


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             2/59
Market orders as percentage of total market orders           4/56


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             9/59