<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS INCLUDED IN THIS REGISTRATION STATEMENT FILING AN 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>                                          85,734
<RECEIVABLES>                                2,606,255
<SECURITIES-RESALE>                                  0
<SECURITIES-BORROWED>                          306,326
<INSTRUMENTS-OWNED>                            613,438
<PP&E>                                         155,785
<TOTAL-ASSETS>                               3,926,980
<SHORT-TERM>                                   165,845
<PAYABLES>                                   1,040,878
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                          1,806,590
<INSTRUMENTS-SOLD>                                   0
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,398
<OTHER-SE>                                     911,269
<TOTAL-LIABILITY-AND-EQUITY>                 3,926,980
<TRADING-REVENUE>                                    0
<INTEREST-DIVIDENDS>                           195,675
<COMMISSIONS>                                  355,830
<INVESTMENT-BANKING-REVENUES>                        0
<FEE-REVENUE>                                        0
<INTEREST-EXPENSE>                              73,367
<COMPENSATION>                                       0
<INCOME-PRETAX>                               (91,356)
<INCOME-PRE-EXTRAORDINARY>                    (91,356)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (54,438)
<EPS-BASIC>                                     (0.23)
<EPS-DILUTED>                                   (0.23)