Securities Listed on Option Market
J.D. Seibert & Co., Inc. – 3rd Quarter 2004

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     29.7%
Limit orders as percentage of total non-directed orders      70.3%
Other orders as percentage of total non-directed orders      0.0%

Venues receiving significant percentage of total non-directed orders:

Knight Execution Partners                                    99.1%
CBOE                                                         0.9%

Information Concerning significant Venues:

Knight Execution Partners

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             98.7%
Market orders as percentage of total market orders           100.0%


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             1.3%