Ameritrade Holding Corporation (AHC) is a provider of securities brokerage services and technology-based financial services to retail investors and business partners, predominantly through the Internet. It offers electronic brokerage services such as touch-tone trading; trading over the Internet; unlimited, streaming, free real-time quotes; extended trading hours; direct access, and commitment on the speed of execution. Since initiating online trading, AHC has substantially increased its number of brokerage accounts, average daily trading volume and total assets in client accounts. As of September 26, 2003, the Company had approximately three million client accounts, compared to 98,000 as of September 26, 1997. AHC also provides trading execution and clearing services for its own broker-dealer operations and for unaffiliated broker-dealers through its subsidiary, Ameritrade, Inc.