<ARTICLE>                                           BD
<LEGEND>

     This  Schedule  contains  summary  financial   information  extracted  from
Consolidated Statement of Financial Condition at March 31, 2000 and Consolidated
Statement of Income -- Three Months ended March 31, 2000 and is qualified in its
entirety by reference  to such  financial  statements  included in Form 10-Q for
March 31, 2000.

</LEGEND>
<MULTIPLIER>   1,000
<CIK>                   0000083125
<NAME>                  First Montauk Financial Corp.


                                            
<PERIOD-TYPE>                                  3-mos
<FISCAL-YEAR-END>                              Dec-31-2000
<PERIOD-START>                                 Jan-1-2000
<PERIOD-END>                                   Mar-31-2000
<CASH>                                         411
<RECEIVABLES>                                  10,617
<SECURITIES-RESALE>                            0
<SECURITIES-BORROWED>                          0
<INSTRUMENTS-OWNED>                            7,287
<PP&E>                                         2,488
<TOTAL-ASSETS>                                 23,337
<SHORT-TERM>                                   0
<PAYABLES>                                     8,087
<REPOS-SOLD>                                   0
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<LONG-TERM>                                    0
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<FEE-REVENUE>                                  179
<INTEREST-EXPENSE>                             48
<COMPENSATION>                                 17,583
<INCOME-PRETAX>                                3,159
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<EXTRAORDINARY>                                0
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<NET-INCOME>                                   1,888
<EPS-BASIC>                                    .19
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