Securities Listed on Option Market – 3rd 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     48.7%
Limit orders as percentage of total non-directed orders      51.3%
Other orders as percentage of total non-directed orders      0.0%

Venues receiving significant percentage of total non-directed orders:

AMEX                                                         45.2%
CBOE                                                         41.7%
Philadelphia                                                 5.2%
PCOS                                                         7.8%

Information Concerning significant Venues:

AMEX

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             49.2%
Market orders as percentage of total market orders           41.1%


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             32.2%
Market orders as percentage of total market orders           51.8%


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             3.4%
Market orders as percentage of total market orders           7.1%


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             15.3%