<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS INCLUDED IN THIS REGISTRATION STATEMENT FILING AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-START>                             OCT-01-1998
<PERIOD-END>                               SEP-30-1999
<CASH>                                         124,801
<RECEIVABLES>                                4,768,900
<SECURITIES-RESALE>                                  0
<SECURITIES-BORROWED>                          306,326
<INSTRUMENTS-OWNED>                            830,329
<PP&E>                                         178,854
<TOTAL-ASSETS>                               7,908,078
<SHORT-TERM>                                 1,267,474
<PAYABLES>                                   3,384,275
<REPOS-SOLD>                                   790,474
<SECURITIES-LOANED>                          1,806,590
<INSTRUMENTS-SOLD>                                   0
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,751
<OTHER-SE>                                   1,416,550
<TOTAL-LIABILITY-AND-EQUITY>                 7,908,224
<TRADING-REVENUE>                                1,741
<INTEREST-DIVIDENDS>                           368,053
<COMMISSIONS>                                  355,830
<INVESTMENT-BANKING-REVENUES>                        0
<FEE-REVENUE>                                        0
<INTEREST-EXPENSE>                           (215,452)
<COMPENSATION>                                       0
<INCOME-PRETAX>                               (78,747)
<INCOME-PRE-EXTRAORDINARY>                    (49,638)
<EXTRAORDINARY>                                (1,985)
<CHANGES>                                        (469)
<NET-INCOME>                                  (52,092)
<EPS-BASIC>                                     (0.20)
<EPS-DILUTED>                                   (0.20)