13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934

AMWEST INSURANCE GROUP INC.

(Name of Issuer)

Common Stock, $.007 value

(Title of Class of Securities)

032345100

                                (CUSIP Number)                                

November 30, 2003

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13G

CUSIP No. 032345100

1.	Name of Reporting Person I.R.S. Identification No. of above persons (entities only)             Knight Equity Markets, L.P., formerly Knight Securities, L.P.                 22-3660471
2.	Check the Appropriate Box if a Member of a Group* (a)  ¨ (b)  ¨
3.	SEC Use Only
4.	Citizenship or Place of Organization             Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.    Sole Voting Power                 708,055   6.    Shared Voting Power                 Not applicable   7.    Sole Dispositive Power                 708,055   8.    Shared Dispositive Power                 Not applicable

9.	Aggregate Amount Beneficially Owned by Each Reporting Person             708,055
10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ¨
11.	Percent of Class Represented by Amount in Row 9             16.37%
12.	Type of Reporting Person*             BD

Item 1(a).	Name of Issuer
	Amwest Insurance Group Inc.
Item 1(b).	Address of Issuer’s Principal Executive Offices
	5230 Las Virgenes Road, Calabasas, California 91302
Item 2(a).	Names of Persons Filing
	Knight Equity Markets, L.P., formerly Knight Securities, L.P.
Item 2(b).	Address of Principal Business Office
	525 Washington Blvd., 23rd Fl. Jersey City, NJ 07310
Item 2(c).	Citizenship
	Delaware
Item 2(d).	Title of Class of Securities
	Common Stock
Item 2(e).	CUSIP Number
	N/A
Item 3.	If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b), check whether the person filing it is a:
	(a)	x	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

Item 4.	Ownership
	(a)	Amount beneficially owned
		708,055
	(b)	Percent of Class
		16.37%
	(c)	Number of shares as to which such person has:
		(i)	sole power to vote or to direct the vote        708,055
		(ii)	shared power to vote or to direct the vote        Not applicable
		(iii)	sole power to dispose or to direct the disposition of        708,055
		(iv)	shared power to dispose or to direct the disposition of        Not applicable
Item 5.	Ownership of Five Percent or Less of a Class
		Not applicable
Item 6.	Ownership of More than Five Percent on Behalf of Another Person
		Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
		Not Applicable
Item 8.	Identification and Classification of Members of the Group
		Not Applicable.
Item 9.	Notice of Dissolution of Group
		Not Applicable.
Item 10.	Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: December 10, 2003

Knight Equity Markets, L.P.
By:	/s/    Leonard J. Amoruso
	Leonard J. Amoruso Senior Vice President Chief Compliance Officer