<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)