Securities Listed on Option Market
J.D. Seibert & Co., Inc. – 4^th Quarter 2004

Summary Statistics:

Non-directed orders as percentage of total customer orders   98/98
Market orders as percentage of total non-directed orders     24/98
Limit orders as percentage of total non-directed orders      74/98
Other orders as percentage of total non-directed orders      0/98

Venues receiving significant percentage of total non-directed orders:

Knight Execution Partners                                    86/98
CBOE                                                         12/98

Information Concerning significant Venues:

Knight Execution Partners

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             62/74
Market orders as percentage of total market orders           24/24


CBOE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             12/74