SEC Rule 11Ac1-6 Report of Track Data Securities Non-directed Orders from 10/10/01 to 12/31/01

Percentage of Total Customer Orders that were Non-directed for each Section

Section

Percentage

NASDAQ

42.26%

NYSE

36.03%

AMEX

67.94%

OPTIONS

77.66%

Percentage of Total Non-Directed Orders for a section per order type

Section

Type of Order

Percentage

NASDAQ

Market

30.79%

Limit

65.60%

Other

3.61%

NYSE

Market

41.42%

Limit

53.23%

Other

5.35%

AMEX

Market

19.52%

Limit

78.05%

Other

2.43%

Options

Market

13.33%

Limit

86.65%

Other

0.02%

Percentage of Non-directed orders for each venue in each section

Section

Venue

Percentage

NASDAQ

ISLD

45.59%

NITE

25.41%

HRZG

10.81%

SLKC

8.30%

ESAS

4.13%

INCA

1.73%

REDI

0.99%

SOES

0.92%

SCHB

0.84%

ARCA

0.69%

Other

0.59%

NYSE

TMRK

88.08%

HRZL

7.33%

HRZG

3.22%

ISLD

0.81%

ABN

0.26%

ABNL

0.24%

ARCA

0.06%

AMEX

ISLD

49.93%

TMRK

33.89%

ABN

8.34%

HRZL

3.16%

REDI

1.52%

HRZG

1.32%

ARCA

1.22%

ABNL

0.62%

Options

ABN

68.72%

ABNO

28.84%

ERNS

2.38%

NITO

0.06%

Percentage of Order Type by Venue

Type of Order

Venue

Percentage

Market Order

NITE

26.51%

TMRK

21.19%

HRZG

15.64%

SLKC

10.49%

ARCA

8.10%

ESAS

5.63%

REDI

5.47%

ABN

2.27%

HRZL

2.09%

ABNO

1.00%

(other venues)

1.61%

Limit Order

ISLD

49.36%

TMRK

12.33%

ABN

7.61%

NITE

7.45%

ARCA

4.22%

HRZG

4.09%

ABNO

2.87%

SLKC

2.77%

REDI

2.65%

INCA

2.04%

(other venues)

4.61%

Other

NITE

61.07%

TMRK

25.32%

HRZG

6.02%

ISLD

2.78%

HRZL

0.83%

REDI

0.75%

INCA

0.62%

ARCA

0.50%

SLKC

0.42%

SCHB

0.39%

(other venues)

1.30%

Payment for order flow information:

Track Data Securities Corp. maintains the following payment for order flow arrangements:

NITE - standard rebate of 25% of spread for Nasdaq NMS and SmallCap securities orders of 2,000 shares or more

with a maximum of $0.01 per share.

HRZG - standard rebate of 25% of spread for Nasdaq NMS (or 5% of spread for Nasdaq SmallCap) securities orders

of 2,000 shares or more with a maximum of $0.01 per share.