Datek Reports 78,274 Average Daily Trades for March 2002

April 16, 2002 -- Datek Online Financial Services LLC, a subsidiary of Datek Online Holdings Corp., today reported trading statistics and account information for March 2002 and the first quarter of 2002.

Customer assets held in custody

$11.6 B

Month Ended:

March 31, 2002

Feb 28, 2002

March 31, 2001

Average trades per day

78,274

71,735

85,203

Funded accounts at month's end

860,776

841,971

766,469(1)

New funded account

21,806

19,703

34,119

Quarter Ended:

March 31, 2002

Dec 31, 2001

March 31, 2001

Average trades per day

76,663

78,040

97,185

Funded accounts at quarter's end

860,776

836,943

766,469(1)

New funded accounts

62,966

53,624

88,891

Customer assets held in custody (2)

$11.6 B

$11.2 B

$9.4 B

Assets per funded account

#13,500

$13,399

$12,218


About Datek Online Financial Services LLC
Located on the World Wide Web at www.datek.com, Datek was the first major firm in its industry to introduce a Web-based, direct-access(3) trading product, trading in decimals and a continuous 12-hour trading day for Nasdaq stocks. Datek also was the first major online broker to provide a 60-second commitment and free, real-time streaming quotes(4).

About Datek Online Holdings Corp.
Established in 1998, privately held Datek Online Holdings Corp. is one of the most innovative financial services companies in the United States. The Company's primary businesses are Datek Online Financial Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and iCapital Markets LLC, a provider of execution services.

(1) Data has been conformed to current presentation standards.

(2) All customer assets are held at iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp.

(3) All orders are routed through Datek Online Financial Services LLC.

(4) Real-time quote privileges differ for professional users.