1 Earnings per share, excluding
investment gains/losses, is a non-GAAP financial measure. See reconciliation
above.
2 EBITDA, excluding investment gains/losses, is a non-GAAP financial
measure. Please see reconciliation on page 28 of the enclosed Form
10-K.
3 Total accounts are all open client accounts (funded and unfunded),
except clearing accounts.
4 Qualified accounts are all open client accounts with a total liquidation
value greater than or equal to $2,000, except clearing accounts.
5 Based on net income, excluding investment gains/losses. See reconciliation
of non-GAAP financial measures above.