<ARTICLE>                  BD
<MULTIPLIER>               1

                                         
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                                          SEP-30-2000
<PERIOD-END>                                               JUN-30-2000
<CASH>                                                        6,212,695
<RECEIVABLES>                                                   471,428
<SECURITIES-RESALE>                                                   0
<SECURITIES-BORROWED>                                                 0
<INSTRUMENTS-OWNED>                                           5,130,986
<PP&E>                                                          389,128
<TOTAL-ASSETS>                                               12,602,228
<SHORT-TERM>                                                          0
<PAYABLES>                                                    1,397,261
<REPOS-SOLD>                                                          0
<SECURITIES-LOANED>                                                   0
<INSTRUMENTS-SOLD>                                            3,415,194
<LONG-TERM>                                                           0
<PREFERRED-MANDATORY>                                                 0
<PREFERRED>                                                           0
<COMMON>                                                         21,814
<OTHER-SE>                                                    7,534,350
<TOTAL-LIABILITY-AND-EQUITY>                                 12,602,228
<TRADING-REVENUE>                                             4,056,663
<INTEREST-DIVIDENDS>                                            255,859
<COMMISSIONS>                                                 5,301,821
<INVESTMENT-BANKING-REVENUES>                                         0
<FEE-REVENUE>                                                    90,957
<INTEREST-EXPENSE>                                                4,831
<COMPENSATION>                                                5,168,674
<INCOME-PRETAX>                                                 813,933
<INCOME-PRE-EXTRAORDINARY>                                      813,933
<EXTRAORDINARY>                                                       0
<CHANGES>                                                             0
<NET-INCOME>                                                    478,728
<EPS-BASIC>                                                        0.23
<EPS-DILUTED>                                                      0.20