<TABLE> <S> <C>

<ARTICLE> BD <LEGEND>  This  schedule  contains  summary  financial  information
extracted  from the financial  statements  for the three months ended August 31,
2000 and is qualified in its entirety by reference to such financial statements.
-------------------------------------------------------------------------------
</LEGEND>

<S>                                                                <C>
<PERIOD-TYPE>                                                            3-MOS
<FISCAL-YEAR-END>                                                  May-31-2001
<PERIOD-START>                                                     Jun-01-2000
<PERIOD-END>                                                       Aug-31-2000
<CASH>                                                             134,145,280
<RECEIVABLES>                                                      229,858,473
<SECURITIES-RESALE>                                                          0
<SECURITIES-BORROWED>                                                        0
<INSTRUMENTS-OWNED>                                                 82,087,659
<PP&E>                                                              47,336,935
<TOTAL-ASSETS>                                                     540,525,606
<SHORT-TERM>                                                                 0
<PAYABLES>                                                          66,128,512
<REPOS-SOLD>                                                                 0
<SECURITIES-LOANED>                                                          0
<INSTRUMENTS-SOLD>                                                  23,576,445
<LONG-TERM>                                                                  0
<PREFERRED-MANDATORY>                                                        0
<PREFERRED>                                                                  0
<COMMON>                                                               213,332
<OTHER-SE>                                                         450,607,317
<TOTAL-LIABILITY-AND-EQUITY>                                       540,525,606
<TRADING-REVENUE>                                                   42,679,256
<INTEREST-DIVIDENDS>                                                 8,632,065
<COMMISSIONS>                                                       15,079,665
<INVESTMENT-BANKING-REVENUES>                                                0
<FEE-REVENUE>                                                        1,598,229
<INTEREST-EXPENSE>                                                      10,775
<COMPENSATION>                                                      28,330,674
<INCOME-PRETAX>                                                     (2,152,305)
<INCOME-PRE-EXTRAORDINARY>                                          (2,152,305)
<EXTRAORDINARY>                                                              0
<CHANGES>                                                                    0
<NET-INCOME>                                                        (1,293,744)
<EPS-BASIC>                                                              (0.06)
<EPS-DILUTED>                                                            (0.06)




</TABLE>