Securities Listed on Option Market
J.D. Seibert & Co., Inc. - 2^nd Quarter 2004

Summary Statistics:

Non-directed orders as percentage of total customer orders   84/84
Market orders as percentage of total non-directed orders     17/84
Limit orders as percentage of total non-directed orders      67/84
Other orders as percentage of total non-directed orders      0/84

Venues receiving significant percentage of total non-directed orders:

Knight Execution Partners                                    73/84
CBOE                                                         10/84
PCOS                                                         1/84

Information Concerning significant Venues:

Knight Execution Partners

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             61/67
Market orders as percentage of total market orders           12/17


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             5/67
Market orders as percentage of total market orders           5/17


PCOS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             1/67