<PAGE>

                 U. S. Securities and Exchange Commission
                         Washington, D. C.  20549

                              FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarter ended September 30, 2000
                           ------------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from               to
                                    -------------    -------------

                        Commission File No. 0-25631
                                            -------

                             ALPHATRADE.COM
                             --------------
              (Name of Small Business Issuer in its Charter)

         NEVADA                                             Applied For
         ------                                             -----------
(State or Other Jurisdiction of                     (I.R.S. Employer I.D. No.)
 incorporation or organization)

                       Suite 400, 1111 West Georgia Street
                    Vancouver, British Columbia, Canada V6E 4M3
                    -------------------------------------------
                      (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (604) 681-7503

     Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the Company was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

     (1)   Yes  X    No            (2)   Yes  X    No
               ---      ---                  ---      ---


                 (APPLICABLE ONLY TO CORPORATE ISSUERS)

          State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

                              September 30, 2000

                          Common - 14,005,872 shares



                    DOCUMENTS INCORPORATED BY REFERENCE

                              NONE.

Transitional Small Business Issuer Format   Yes  X   No
                                                ---     ---

                  PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Consolidated Financial Statements of the Company required
to be filed with this 10-QSB Quarterly Report were prepared by management and
commence on the following page, together with related Notes.  In the opinion
of management, the Consolidated Financial Statements fairly present the
financial condition of the Company.

<PAGE>
                          ALPHATRADE.COM

                       FINANCIAL STATEMENTS

             September 30, 2000 and December 31, 1999
<PAGE>
<TABLE>
                          ALPHATRADE.COM
                          Balance Sheets
<CAPTION>

                              ASSETS


                                                 September 30,  December 31,
                                                     2000          1999
                                                 (Unaudited)
<S>                                               <C>            <C>
CURRENT ASSETS

 Cash                                     $             -      $    92,993
 Prepaid expenses                                       65,000       7,969

  Total Current Assets                                  65,000     100,962

FIXED ASSETS

 Computer equipment                                    122,797     108,790
 Office equipment                                       13,853      11,803
 Software                                               67,533      35,330
 Accumulated depreciation                              (49,691)    (20,144)

  Total Fixed Assets                                   154,492     135,779

OTHER ASSETS

 Investment (Note 8)                                    -           25,000
 Technology (Note 4)                                    -           -

  Total Other Assets                                    -           25,000

  TOTAL ASSETS                            $            219,492 $   261,741
</TABLE>
<TABLE>
                          ALPHATRADE.COM
                    Balance Sheets (Continued)
<CAPTION>

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                                 September 31,
December 31,
                                                  2000         1999
                                                (Unaudited)
<S>                                               <C>           <C>
CURRENT LIABILITIES

 Bank overdraft                           $             25,504 $    -
 Accounts payable                                      248,763     239,422
 Deferred revenue                                       -          288,775
 Related party payable                                 440,007      -

  Total Current Liabilities                            714,274     528,197

  Total Liabilities                                    714,274     528,197

STOCKHOLDERS' EQUITY (DEFICIT)

 Convertible preferred stock: par value $0.001 per
  share; 10,000,000 shares authorized, 2,000,000
  shares issued and outstanding                          2,000       2,000
 Common stock: $0.001 par value 100,000,000
  shares authorized; 14,005,872 and 11,850,830 shares
  issued and outstanding, respectively                  14,006      11,851
 Additional paid-in capital                          4,878,751   2,243,554
 Common stock subscriptions receivable                (959,790)   (250,000)
 Other comprehensive loss                             (125,000)   (100,000)
 Accumulated deficit                                (4,304,749) (2,173,861)

   Total Stockholders' Equity (Deficit)               (494,782)   (266,456)

   TOTAL LIABILITIES AND STOCKHOLDERS'
    EQUITY (DEFICIT)                      $            219,492 $   261,741
</TABLE>
<TABLE>
                          ALPHATRADE.COM
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                       For the Nine Months Ended   For the Three Months Ended
                              September 30,                September 30,
                             2000         1999         2000         1999
<S>                      <C>            <C>          <C>         <C>
REVENUE

 Subscription revenue     $     304,760 $         -   $    4,540  $      -
 License fee revenue                -         125,000        -       125,000

  Total Revenue                 304,760       125,000      4,540     125,000

EXPENSES

 Depreciation expense            29,547        12,327     10,209       6,117
 Rent expense                    74,518        67,614     29,827      21,940
 General and administrative
   expenses                   2,334,683     1,414,594    404,683     629,043

  Total Expenses              2,438,748     1,494,535    444,719     657,100

LOSS FROM OPERATIONS         (2,133,988)   (1,369,535)  (440,179)   (532,100)

OTHER INCOME

 Other income                     3,100           -        3,100         -

  Total Other Income              3,100           -        3,100         -

INCOME TAX (BENEFIT)                -             -          -           -

NET LOSS                     (2,130,888)   (1,369,535)  (437,079)   (532,100)

OTHER COMPREHENSIVE LOSS

 Loss on valuation of
 investment                     (25,000)      (57,500)       -       (57,500)

  Total Other Comprehensive
   Loss                         (25,000)      (57,500)       -       (57,500)

NET COMPREHENSIVE LOSS     $ (2,155,888)$  (1,427,035)$ (437,079)$  (589,600)

NET LOSS PER SHARE         $      (0.17)$       (0.12)$    (0.03)$     (0.05)
</TABLE>
<TABLE>
                          ALPHATRADE.COM
           Statements of Stockholders' Equity (Deficit)
<CAPTION>

                               Preferred Stock         Common Stock
                              Shares     Amount      Shares       Amount

<S>                           <C>         <C>        <C>          <C>

Balance,
 December 31, 1998                    -   $       -    6,100,000  $     6,100

Stock issued for technology,
 recorded at predecessor
 cost, January 6, 1999
 (Note 6)                             -           -    4,000,000        4,000

Common stock issued for
 services at $0.50 per share          -           -      100,000          100

Common stock issued for
 cash at $1.00 per share              -           -    1,000,000        1,000

Stock issued to founders
 recorded at $0.001 which
 approximates predecessor
 cost, January 8, 1999          2,000,000       2,000        -            -

Receipt of stock subscription         -           -          -            -

Loss on valuation of
 investment                           -           -          -            -

Common stock issued for
 cash at $1.25 per share              -           -      200,000          200

Balance Forward                 2,000,000 $     2,000 11,400,000  $    11,400

</TABLE>

<TABLE>
<CAPTION>


                           Additional               Other
                           Paid-in    Subscriptions Comprehensive Accumulated
                           Capital    Receivable    Loss          Deficit

<S>                           <C>         <C>        <C>          <C>

Balance,
 December 31, 1998            $   46,400  $  (50,000)$        -   $   (14,187)

Stock issued for technology,
 recorded at predecessor
 cost, January 6, 1999
 (Note 6)                         (4,000)        -            -           -

Common stock issued for
 services at $0.50 per share      49,900         -            -           -

Common stock issued for
 cash at $1.00 per share         999,000         -            -           -

Stock issued to founders
 recorded at $0.001 which
 approximates predecessor
 cost, January 8, 1999               -           -            -           -

Receipt of stock subscription        -        50,000          -           -

Loss on valuation of
investment                           -           -       (100,000)        -

Common stock issued for
cash at $1.25 per share          249,800    (250,000)         -           -

Balance Forward               $1,341,100  $ (250,000)$   (100,000)$   (14,187)

</TABLE>

<PAGE>

                                ALPHATRADE.COM
           Statements of Stockholders' Equity (Deficit) (Continued)

<TABLE>
<CAPTION>

                               Preferred Stock         Common Stock
                              Shares     Amount      Shares       Amount

<S>                           <C>         <C>        <C>          <C>

Balance Forward                 2,000,000 $    2,000   11,400,000 $    11,400

Common stock issued for
 cash at $3.50 per share              -          -            830           1


Common stock issued for
 cash and services at $2.00
 per share                            -          -        450,000         450

Net loss for the year ended
 December 31, 1999                    -          -            -           -

Balance, December 31, 1999      2,000,000      2,000   11,850,830      11,851

Stock issued on exercise of
 warrants at $1.25 per share          -          -        100,000         100

Stock issued on for services at
 $6.25 per share                      -          -         50,000          50

Stock issued on exercise of
 options and for services at
 $1.00 per share                      -          -         60,000          60

Stock issued for prepaid
 expenses at $6.50 per
 share                                -          -         27,500          28

Stock issued for services
 at $6.50 per share                   -          -          2,500           2

Balance Forward                 2,000,000 $    2,000   12,090,830 $    12,091

</TABLE>

<TABLE>
<CAPTION>

                           Additional               Other
                           Paid-in    Subscriptions Comprehensive Accumulated
                           Capitol    Receivable    Loss          Deficit

<S>                           <C>         <C>        <C>          <C>

Balance Forward               $ 1,341,100 $ (250,000)$   (100,000)$   (14,187)

Common stock issued for
 cash at $3.50 per share            2,904        -            -           -

Common stock issued for
 cash and services at $2.00
 per share                         899,550       -            -           -

Net loss for the year ended
 December 31, 1999                     -         -            -    (2,159,674)

Balance, December 31, 1999       2,243,554  (250,000)    (100,000) (2,173,861)

Stock issued on exercise of
 warrants at $1.25 per share       124,900  (125,000)         -           -

Stock issued on for services
 at  $6.25 per share               312,450       -            -           -

Stock issued on exercise of
 options and for services at
 $1.00 per share                    59,940       -            -           -

Stock issued for prepaid
 expenses at $6.50 per share       178,722       -            -           -

Stock issued for services
 at $6.50 per share                 16,248       -            -           -

Balance Forward               $  2,935,814$ (375,000)$   (100,000)$(2,173,861)

</TABLE>

<PAGE>

                                ALPHATRADE.COM
           Statements of Stockholders' Equity (Deficit) (Continued)

<TABLE>
<CAPTION>

                               Preferred Stock         Common Stock
                              Shares     Amount      Shares       Amount

<S>                           <C>         <C>        <C>          <C>

Balance Forward                 2,000,000 $    2,000   12,090,830 $    12,091

Common stock issued for
 cash at $5.75 per share              -          -         51,521          52

Common stock issued for
 services at $5.75 per share          -          -         10,436          10

Compensation on warrants
issued below market value
 at $8.25 per share                   -          -            -           -

Stock issued on exercise of
 options at $1.00 per share           -          -          4,000           4

Stock issued on exercise of
 options at $1.00 per share           -          -          2,000           2

Common Stock issued for cash
at $2.00 per shares (unaudited)       -          -        330,750         331

Exercise of stock options at
$3.50 per share (unaudited)           -          -         76,135          76

Receipt of stock subscription         -          -            -           -
(unaudited)

Balance Forward                 2,000,000 $    2,000   12,565,672 $    12,566

</TABLE>

<TABLE>
<CAPTION>
                           Additional               Other
                           Paid-in    Subscriptions Comprehensive Accumulated
                           Capitol    Receivable    Loss          Deficit

<S>                           <C>         <C>        <C>          <C>

Balance Forward               $ 2,935,814 $ (375,000)$   (100,000)$(2,173,861)

Common stock issued for
 cash at $5.75 per share          296,193     (8,245)         -           -

Common stock issued for
 services at $5.75 per share       59,990        -            -           -

Compensation on warrants
issued below market value
 at $8.25 per share                 7,684        -            -           -

Stock issued on exercise of
 options at $1.00 per share         3,996     (4,000)         -           -

Stock issued on exercise of
 options at $1.00 per share         1,998     (2,000)         -           -

Common Stock issued for cash
at $2.00 per share (unaudited)    661,169   (661,500)         -           -

Exercise of stock options at
$3.50 per share (unaudited)       266,397        -            -           -

Receipt of stock subscription         -      389,245          -           -
(unaudited)

Balance Forward               $ 4,233,241 $  (661,500) $ (100,000)$(2,173,861)
</TABLE>
                          ALPHATRADE.COM
     Statements of Stockholders' Equity (Deficit) (Continued)
<TABLE>
<CAPTION>

                               Preferred Stock         Common Stock
                              Shares     Amount      Shares       Amount

<S>                           <C>         <C>        <C>          <C>

Balance Forward                 2,000,000 $    2,000   12,565,672 $    12,566

Common stock issued for
exercise of options for services
valued at $3.50 per share
(unaudited)                           -          -         15,200          15

Common stock issued for
cash at $0.50 per share
(unaudited)                           -          -      1,400,000       1,400

Common stock issued for
exercise of options for
services valued at $1.00
per share (unaudited)                 -          -         50,000          50

Cancellation of common stock
issued January 14, 2000
valued at $6.25 per share
(unaudited)                           -          -        (25,000)        (25)

Loss on valuation of investment
(unaudited)                           -          -            -           -

Net loss for the nine months
ended September 30, 2000
(unaudited)                           -          -            -           -

Balance, September 30, 2000
(unaudited)                     2,000,000 $    2,000   14,005,872 $    14,006
</TABLE>

<TABLE>
<CAPTION>
                           Additional               Other
                           Paid-in    Subscriptions Comprehensive Accumulated
                           Capital    Receivable    Loss          Deficit
<S>                           <C>         <C>        <C>          <C>

Balance Forward               $ 4,233,241 $ (661,500)$   (100,000)$(2,173,861)

Common stock issued for
exercise of options for services
valued at $3.50 per share
(unaudited)                        53,185        -            -           -

Common stock issued for
cash at $0.50 per share
(unaudited)                       698,600   (298,290)         -           -

Common stock issued for
exercise of options for
services valued at $1.00
per share (unaudited)              49,950        -            -           -

Cancellation of common stock
issued January 14, 2000
valued at $6.25 per share
(unaudited)                      (156,225)       -            -           -

Loss on valuation of investment
(unaudited)                           -          -        (25,000)        -

Net loss for the nine months
ended September 30, 2000
(unaudited)                           -          -            -    (2,130,888)

Balance, September 30, 2000
(unaudited)                   $ 4,878,751  $(959,790)   $(125,000)$(4,304,749)
</TABLE>
<TABLE>
                          ALPHATRADE.COM
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                       For the Nine Months Ended   For the Three Months Ended
                              September 30,                September 30,
                             2000         1999         2000         1999
<S>                      <C>            <C>          <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net loss                    $(2,130,888) $(1,369,535) $ (437,079) $  (532,100)
Adjustments to reconcile net
loss to net cash (used)
by operating activities:
  Common stock issued for
  services                      840,923      100,000     125,700       50,000
  Compensation on warrants
  issued below market value       7,684          -           -            -
  Preferred stock issued for
  services                          -          2,000         -            -
  Depreciation expense           29,547       12,327      10,209        6,117
  Investments received for
  services                          -       (125,000)        -       (125,000)
Changes in operating assets
and liabilities:
  (Increase) decrease in prepaid
  expenses                      (57,031)     (28,596)   (129,065)     (21,841)
  Increase (decrease) in
  accounts payable              112,788       40,951    (118,673)     (22,502)
  Increase (decrease) in
  accounts payable-related
  party                         336,560       38,962     109,033      (20,303)
  Increase (decrease) in bank
  overdrafts                     25,504          -        25,504          -
  Increase (decrease) in
  deferred revenue             (288,775)         -           -            -

     Net Cash Used by
     Operating Activities    (1,123,688)  (1,328,891)   (414,371)    (665,629)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of fixed assets        (48,260)    (122,351)        -        (39,691)

     Net Cash Used by
     Investing Activities       (48,260)    (122,351)        -        (39,691)

CASH FLOWS FROM FINANCING ACTIVITIES

Common stock issued for cash    689,710    1,508,929     401,710      744,500
Receipt of stock subscription   389,245          -           -            -

     Net Cash Provided by
     Financing Activities     1,078,955    1,508,929     401,710      744,500

NET CHANGE IN CASH              (92,993)      57,687     (12,661)      39,180

CASH AND CASH EQUIVALENTS AT
 BEGINNING OF PERIOD             92,993          -        12,661       18,507

CASH AND CASH EQUIVALENTS AT
 END OF PERIOD              $       -     $   57,687    $    -       $ 57,687

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

Interest paid               $       -     $      -      $    -       $    -
Income taxes paid           $       -     $      -      $    -       $    -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:

Common stock issued for
services                    $   840,923   $  100,000    $(53,090)    $ 50,000
Preferred stock issued for
services                    $       -     $    2,000    $    -       $    -
Warrants issued below
market value                $     7,684   $      -      $    -       $    -
</TABLE>
                          ALPHATRADE.COM
                Notes to the Financial Statements
             September 30, 2000 and December 31, 1999

NOTE 1 -  NATURE OF ORGANIZATION

       This summary of significant accounting policies of AlphaTrade.com is
       presented to assist in understanding the Company's financial
       statements.  The financial statements and notes are representations
       of the Company's management, which is responsible for  their
       integrity and objectivity.  These accounting policies conform to
       generally accepted accounting principles and have been consistently
       applied in the preparation of the financial statements.

       a.  Organization and Business Activities

       AlphaTrade.com was incorporated under the laws of the State of Nevada
       on June 6, 1995.  The Company provides both real-time and delayed
       stock market quotes to subscribers via the internet.  The Company was
       a development stage enterprise until it began operations in November
       1999.

       b.  Depreciation

       The cost of the property and equipment is depreciated over the
       estimated useful life of 5 years.  Depreciation is computed using the
       straight-line method when the assets are placed in service.

       c.  Accounting Method

       The Company's consolidated financial statements are prepared using
       the accrual method of accounting.  The Company has elected a December
       31 year-end.

       d.  Cash and Cash Equivalents

       For the purpose of the statement of cash flows, the Company considers
       all highly liquid investments purchased with a maturity of three
       months or less to be cash equivalents.

       e.  Estimates

       The preparation of financial statements in conformity with generally
       accepted accounting principles requires management to make estimates
       and assumptions that affect the reported amounts of assets and
       liabilities and disclosure of contingent assets and liabilities at
       the date of the financial statements and the reported amounts of
       revenues and expenses during the reporting period.  Actual results
       could differ from those estimates.

       f. Basic Loss Per Share

       The computation of basic loss per share of common stock is based on
       the weighted average number of shares of common stock outstanding
       during the periods presented.  Common stock equivalents have not been
       included because they are antidilutive in nature.

<PAGE>
                          ALPHATRADE.COM
                Notes to the Financial Statements
             September 30, 2000 and December 31, 1999


NOTE 1 -  NATURE OF ORGANIZATION (Continued)

       f.  Basic Loss Per Share (Continued)

                                         For the Nine Months Ended
                                             September 30, 2000

                                        Loss         Shares      Per Share
                                       (Numerator) (Denominator)   Amount

                                    $  (2,130,888)  12,670,088  $    (0.17)


                                          For the Nine Months Ended
                                             September 30, 1999

                                        Loss         Shares      Per Share
                                       (Numerator) (Denominator)   Amount

                                    $  (1,369,535)  11,412,791  $    (0.12)


                                          For the Three Months Ended
                                            September 30, 2000

                                        Loss         Shares      Per Share
                                       (Numerator) (Denominator)   Amount

                                    $    (437,079)  13,522,539  $    (0.03)


                                          For the Three Months Ended
                                             September 30, 1999

                                        Loss         Shares      Per Share
                                       (Numerator) (Denominator)   Amount

                                    $    (532,100)  10,642,000  $    (0.05)

       g.  Income Taxes

       No provision for income taxes has been accrued because the Company
       has net operating losses from inception.   No tax benefit has been
       reported in the financial statements because the Company is uncertain
       if the carryforwards will expire unused.  Accordingly, the potential
       tax benefits are offset by a valuation account of the same amount.

       h.  Revenue Recognition

       The Company amortizes subscription fees over the life of the
       contract, typically one year, or on a monthly basis, as billed.  At
       September 30, 2000, the Company had no deferred revenue because all
       accounts were on a month-to-month basis.
<PAGE>
                          ALPHATRADE.COM
                Notes to the Financial Statements
             September 30, 2000 and December 31, 1999


NOTE 1 -                                  NATURE OF ORGANIZATION

       i.  Advertising

       The Company follows the policy of charging the costs of advertising
       to expense as incurred.

       j.  Unaudited Financial Statements

       The accompanying unaudited financial statements include all of the
       adjustments which, in the opinion of management, are necessary for a
       fair presentation.  Such adjustments are of a normal recurring
       nature.

NOTE 2 -  FIXED ASSETS

       Fixed assets at September 30, 2000 consisted of the following:
                                                            September 30,
                                                              2000

               Computer equipment                    $            122,797
               Office equipment                                    13,853
               Software                                            67,533
               Less accumulated depreciation                      (49,691)

                                                     $            154,492

       Depreciation expense for the nine months ended September 30, 2000 and
       1999 was $29,547 and $12,327, respectively.

NOTE 3 - CONVERTIBLE PREFERRED STOCK

       The Company has 2,000,000 outstanding shares of convertible Class "A"
       preferred stock with the following features:

          Each  preferred share is convertible into five underlying common
          shares at a conversion price of $0.05 per common share.

          Each holder of Class "A" preferred shares shall be entitled to
          five(5) votes (which can be voted prior to conversion) for every
          preferred share held to vote on any matters brought before the
          shareholders of the Company.

          The preferred shares are assignable.

          The preferred shares vest immediately to the holder upon issuance
          and cannot be canceled.
<PAGE>
                          ALPHATRADE.COM
                Notes to the Financial Statements
             September 30, 2000 and December 31, 1999


NOTE 4 -  PURCHASE OF TECHNOLOGY

       On January 4, 1999, the Board of Directors issued 4,000,000 shares of
       unregistered restricted common stock for the purchase of software for
       development and eventual resale.  The acquired software is still in a
       developmental state and has uncertain net realizable value.  The
       software was recorded at its predecessor cost of $-0-.

NOTE 5 -  OPTIONS

       At September 30, 2000, the Company had authorized the following
       options pursuant to the 1999 stock option plan:

                           Exercise      Number      Number        Number
                             Price     Authorized  Exercised    Outstanding

                         $     1.00     1,200,000      -         1,134,000
                         $     3.50       800,000      -           800,000

                                        2,000,000                1,934,000

       At September 30, 2000, the Company had granted the following stock
       options:

      Grant       Exercise        Vesting           Number         Number
       Date         Price          Dates           Granted      Outstanding

      1/6/99      $  1.00        20% each year      80,000         24,000
                                 2000-2004
      1/6/99      $  1.00        Immediately     1,060,000      1,060,000
      1/6/99      $  1.00        Immediately        60,000            -
      9/1/99      $  3.50        20% each year     611,335        520,000
    12/20/99      $  7.00        Immediately        50,000         50,000

                     Total                       1,861,335      1,654,000

NOTE 6 -  WARRANTS

       The Company had the following warrants outstanding at September 30,
2000:

                               Number of   Number of
      Grant      Exercise       Shares      Shares      Total    Expiration
       Date        Price        Granted    Exercised  Remaining     Date

    1/7/1999    $    1.25      1,000,000    300,000    700,000    1/7/2001
    6/7/1999    $    2.50        500,000        -      500,000    6/7/2001
  10/19/1999    $   4.875        600,000        -      600,000  10/19/2001
  11/16/1999    $    6.25          5,000        -        5,000  11/10/2002
    11/11/99    $    7.00        150,000        -      150,000  11/11/2004
    2/7/2000    $    8.25        123,914        -      123,914    2/7/2005
    4/7/2000    $    2.50        655,750        -      655,750   4/20/2005
    5/1/2000    $    2.00        150,000        -      150,000    5/1/2005
   7/27/2000    $   0.875      1,400,000        -    1,400,000   7/27/2005

<PAGE>
                          ALPHATRADE.COM
                Notes to the Financial Statements
             September 30, 2000 and December 31, 1999


NOTE 6 -  WARRANTS

  All warrants granted through December 31, 1999 and on April 7, 2000
  and May 1, 2000 were issued at prices equal to or exceeding the
  trading value of the stock on the date of grant.

  The warrants issued on February 7, 2000 were issued at a price below
  the trading value of the stock on that date.  Accordingly,
  compensation expense of $7,684 has been recorded on the difference
  between the trading price of $8.31 per share and the exercise price
  of $8.25 per share.

NOTE 7 - STOCK SUBSCRIPTION RECEIVABLE

  The Company has issued 330,750 shares of its common stock pursuant to
  a subscription.  The subscription price is $2.00 per share and the
  subscription provides that if the shares are not paid for by December
  31, 2000, the shares will be canceled.

  Also, 1,400,000 shares of common stock were issued at a price of
  $0.50.  This issuance increased the subscription receivable by
  $298,290.

NOTE 8 - INVESTMENT

  In June 1999, the Company sold a non-exclusive licensing agreement to
  PhantomFilm.com for $125,000.  The Company received 250,000 shares of
  PhantomFilm.com stock originally valued at $0.50 per share.  At
  December 31, 1999, the stock was worth $0.10 per share.  Accordingly,
  a loss on valuation of investment for $100,000 was recorded as an
  other comprehensive loss for the year ended December 31, 1999.  The
  PhantomFilm.com stock is classified as available for sale.  At
  September 30, 2000, the investment had been fully reserved for.

NOTE 9 - COMMITMENTS AND CONTINGENCIES

  Office Lease

  The Company leases office space on a month-to-month basis.  The
  monthly lease payment is $5,000 plus expenses.  Rent related expense
  for the nine months ended September 30, 2000 and 1999 was $74,518 and
  $67,614, respectively.

<PAGE>

Item 2.  Management's Discussion and Analysis or Plan of Operaion.

Plan of Operation.
------------------

A number of actions have been implemented to increase the reliability of the
services.  Various changes were made to our IT infrastructure to increase the
level of monitoring and alerts system so we have a close monitoring of the
different services and can quickly react in the event of a problem with the
feeds, hardware or applets.

We have also completed setting up and testing a business continuity approach
that will provide us with an alternative to switch over to other servers in
the event of a hardware malfunction.

In support of sales activities, we have developed a private branding program
that allows customization of the E-Gate tools for compainies to show their
corporate logo.  The users of E-Gate will see the Comapny's logo every time
they use the tools.  The companies that are using the "branding" approach find
it very useful as a way of constant advertisement.

We are in the final stages of testing a major component of our back-end
servcies that will deliver a faster response time to the end-users and will
facilitate the efficient processing of an increased number of symbols when we
offer information from international exchanges, i.e., Latin America.  We are
engeaged in active discussions with a financial portal and a very large bank
in South America.  This enhancement will be fully implemetned by early
November once we have validated the data integrity and completed the
appropriate benchmarking.

Results of Operation.
---------------------

As at September 30, 2000, the Company had $65,000 in prepaid expenses,
$129,492 in assets and $959,790 in Promissory Notes to be retired prior to
year end.  Liabilities totaled $714,274 comprised of current accounts payable
of $248,763, bank overdraft of $25,504 (which was immediately covered on
October 1, 2000) and a related party payable of $440,007.  The Company
realized revenues of $304,760 for the first nine months ended September 30,
2000 and incurred net losses from operations of $2,133,988 with total net
comprehensive losses to date of $2,155,888.

Liquidity.
----------

During the quarter, the Company received $431,709.82 against outstanding
Promissory Notes leaving a balance due of $959,790 to be retired before year
end and accounts payable totaling $248,763.

                       PART II - OTHER INFORMATION

Item 1.  Legal proceedings.

During the quarter there have been no material changes in the WebData suit.

Item 2.  Changes in Securities.

During the quarter ended September 30, 2000, the Company issued the following
shares:

The Company issued "unregistered" and "restricted" shares pursuant to a
private placement of 1,400,000 shares at $0.50 per share.  In addition, the
Company issued 65,200 shares pursuant to the exercise of stock options.  As
well, the Company canceled 25,000 previously issued shares due to non-
performance of a consulting contract.

Item 3.  Defaults Upon Senior Securities.

None; not applicable.

Item 4.  Submission of Matters to a Vote os Security Holders.

None; not applicable.

Item 5.  Other Information.

None; not applicable.

Item 6.  Exhibits and Reports on Form 8-K.

(a) Exhibits.

    None.

(b) Report on Form 8-K.

    None.


                            SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                       ALPHATRADE.COM


Date: 11-14-00                      By /s/ Penny Perfect
     ----------                       ---------------------------
                                       Penny Perfect
                                       President/Director


          Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, this Report has been signed below by the following persons on
behalf of the Company and in the capacities and on the dates indicated:


                                       ALPHATRADE.COM


Date: 11-14-00                       By /s/ Penny Perfect
     -----------                       --------------------------
                                       Penny Perfect
                                       President/Director



Date: 11-14-00                       By /s/ Gordon Muir
     -----------                       --------------------------
                                       Gordon Muir
                                       CEO/Director


Date: 11-14-00                       By /s/ Victor Cardenas
     -----------                       --------------------------
                                       Victor Cardenas
                                       COO/Secretary/Director


Date: 11-14-00                       By /s/ Ralph Drewitt
     -----------                       --------------------------
                                       Ralph Drewitt
                                       Director


Date: 11-14-00                       By /s/ Lisa McVeigh
     -----------                       --------------------------
                                       Lisa McVeigh
                                       Director


Date: 11-14-00                       By /s/ Raymond Hatch
     -----------                       --------------------------
                                       Raymond Hatch
                                       Director