SEC Rule 11Ac1-6 Report of Track Data Securities Non-directed Orders from 1/1/02 to 03/31/02

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

Section

Percentage

NASDAQ

44.33%

NYSE

41.53%

AMEX

70.63%

OPTIONS

63.56%

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

Section

Type of Order

Percentage

NASDAQ

Market

37.22%

Limit

59.57%

Other

3.21%

NYSE

Market

36.07%

Limit

58.07%

Other

5.86%

AMEX

Market

52.95%

Limit

44.38%

Other

2.67%

Options

Market

7.47%

Limit

92.53%

Other

0.00%

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

Section

Venue

Percentage

NASDAQ

ISLD

43.47%

NITE

26.38%

HRZG

11.09%

SLKC

7.96%

ESAS

4.91%

INCA

1.34%

SOES

1.26%

REDI

1.15%

SCHB

1.10%

ARCA

0.70%

Other

0.64%

NYSE

TMRK

89.18%

HRZL

9.40%

ABNL

0.71%

ISLD

0.68%

ELPX

0.01%

ARCA

0.01%

REDI

0.01%

AMEX

TMRK

68.99%

ISLD

29.50%

HRZL

0.93%

ABNL

0.44%

ARCA

0.07%

REDI

0.07%

Options

ABNO

97.89%

ERNS

2.11%

Percentage of Order Type by Venue

Type of Order

Venue

Percentage

Market Order

NITE

23.25%

TMRK

20.24%

ARCA

17.57%

HRZG

12.70%

SLKC

8.31%

ESAS

5.78%

REDI

4.48%

ABNO

3.42%

HRZL

2.36%

SCHB

0.84%

(other venues)

1.05%

Limit Order

ISLD

41.19%

TMRK

22.12%

ABN

13.22%

NITE

6.81%

ARCA

3.37%

HRZG

2.91%

ABNO

1.89%

SLKC

1.86%

REDI

1.43%

INCA

1.18%

(other venues)

4.02%

Other

NITE

59.60%

TMRK

30.59%

HRZG

4.64%

ISLD

2.35%

HRZL

1.18%

REDI

0.38%

BRUT

0.16%

SCHB

0.11%

ABNL

0.11%

ARCA

0.09%

(other venues)

0.79%

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.