Securities Listed on AMEX or Other

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 100.0%

Market orders as percentage of total non-directed orders 54.8%

Limit orders as percentage of total non-directed orders 42.5%

Other orders as percentage of total non-directed orders 2.7%

Venues receiving significant percentage of total non-directed orders:

Knight Capital Market,LLC 98.8%

Archipelago 1.2%

Information Concerning significant Venues:

Knight Capital Market,LLC

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 97.1%

Market orders as percentage of total market orders 100.0%

Other orders as percentage of total other orders 100.0%

Archipelago

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 2.9%

Securities Listed on New York Stock Exchange

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 100.0%

Market orders as percentage of total non-directed orders 50.1%

Limit orders as percentage of total non-directed orders 46.8%

Other orders as percentage of total non-directed orders 3.1%

Venues receiving significant percentage of total non-directed orders:

NYSE 0.2%

Knight Capital Market,LLC 94.9%

Archipelago 1.8%

UBS 0.4%

Chicago Exchange 2.7%

Information Concerning significant Venues:

NYSE

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 0.2%

Market orders as percentage of total market orders 0.2%

Other orders as percentage of total other orders 1.0%

Knight Capital Market,LLC

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 92.9%

Market orders as percentage of total market orders 96.8%

Other orders as percentage of total other orders 94.8%

Archipelago

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 3.8%

Market orders as percentage of total market orders 0.1%

UBS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 0.5%

Market orders as percentage of total market orders 0.3%

Chicago Exchange

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 2.6%

Market orders as percentage of total market orders 2.7%

Other orders as percentage of total other orders 4.1%

Securities Listed on Option Market

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 100.0%

Market orders as percentage of total non-directed orders 18.4%

Limit orders as percentage of total non-directed orders 81.5%

Other orders as percentage of total non-directed orders 0.1%

Venues receiving significant percentage of total non-directed orders:

CitiGlobal Markets 77.6%

ADP Clearing Order Room 0.2%

UBSS Equity Options 22.2%

Information Concerning significant Venues:

CitiGlobal Markets

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 76.2%

Market orders as percentage of total market orders 83.6%

Other orders as percentage of total other orders 100.0%

ADP Clearing Order Room

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 0.2%

UBSS Equity Options

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 23.6%

Market orders as percentage of total market orders 16.4%

Securities Listed on OTC

Spencer-Winston Securities Corp.

Summary Statistics:

Non-directed orders as percentage of total customer orders 100.0%

Market orders as percentage of total non-directed orders 55.4%

Limit orders as percentage of total non-directed orders 44.0%

Other orders as percentage of total non-directed orders 0.6%

Venues receiving significant percentage of total non-directed orders:

Knight Securities 28.6%

Hudson Securities 65.3%

Archipelago 4.4%

UBS 1.7%

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 39.9%

Market orders as percentage of total market orders 19.6%

Other orders as percentage of total other orders 27.3%

Hudson Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 48.5%

Market orders as percentage of total market orders 78.5%

Other orders as percentage of total other orders 72.7%

Archipelago

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 9.7%

Market orders as percentage of total market orders 0.2%

UBS

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders 1.8%

Market orders as percentage of total market orders 1.6%