<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> 3-MOS 9-MOS <FISCAL-YEAR-END> SEP-30-1999 SEP-30-1999 <PERIOD-START> APR-01-1999 OCT-01-1998 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 29,495 29,495 <RECEIVABLES> 2,404,534 2,404,534 <SECURITIES-RESALE> 0 0 <SECURITIES-BORROWED> 425,905 425,905 <INSTRUMENTS-OWNED> 836,189 836,189 <PP&E> 97,585 97,585 <TOTAL-ASSETS> 3,832,670 3,832,670 <SHORT-TERM> 255,735 255,735 <PAYABLES> 713,350 713,350 <REPOS-SOLD> 0 0 <SECURITIES-LOANED> 1,874,379 1,874,379 <INSTRUMENTS-SOLD> 0 0 <LONG-TERM> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 2,338 2,338 <OTHER-SE> 986,868 986,868 <TOTAL-LIABILITY-AND-EQUITY> 3,832,670 3,832,670 <TRADING-REVENUE> 0 0 <INTEREST-DIVIDENDS> 58,518 134,562 <COMMISSIONS> 106,067 256,911 <INVESTMENT-BANKING-REVENUES> 0 0 <FEE-REVENUE> 0 0 <INTEREST-EXPENSE> 23,957 49,985 <COMPENSATION> 0 0 <INCOME-PRETAX> (39,247) (53,309) <INCOME-PRE-EXTRAORDINARY> (39,247) (53,309) <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (24,216) (32,115) <EPS-BASIC> (0.10) (0.14) <EPS-DILUTED> (0.10) (0.14)