Securities Listed on Option Market – 3rd Quarter 2003
J.D. Seibert & Co., Inc.

Summary Statistics:

Non-directed orders as percentage of total customer orders   98/98
Market orders as percentage of total non-directed orders     13/98
Limit orders as percentage of total non-directed orders      85/98
Other orders as percentage of total non-directed orders      0/98

Venues receiving significant percentage of total non-directed orders:

AMEX                                                         8/98
CBOE                                                         86/98
Philadelphia                                                 1/98
PCOS                                                         3/98

Information Concerning significant Venues:

AMEX

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             6/85
Market orders as percentage of total market orders           2/13


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             75/85
Market orders as percentage of total market orders           11/13


Philadelphia

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             1/85


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             3/85