<TABLE> <S> <C>

<ARTICLE> BD <LEGEND>  This  schedule  contains  summary  financial  information
extracted  from the financial  statements for the nine months ended February 29,
2000 and is qualified in its entirety by reference to such financial statements.
--------------------------------------------------------------------------------
</LEGEND>

<S>                                                      <C>
<PERIOD-TYPE>                                            9-MOS
<FISCAL-YEAR-END>                                                  May-31-2000
<PERIOD-START>                                                     Jun-01-1999
<PERIOD-END>                                                       Feb-29-2000
<CASH>                                                              67,321,583
<RECEIVABLES>                                                      152,830,756
<SECURITIES-RESALE>                                                          0
<SECURITIES-BORROWED>                                                        0
<INSTRUMENTS-OWNED>                                                126,996,428
<PP&E>                                                              16,275,791
<TOTAL-ASSETS>                                                     402,019,372
<SHORT-TERM>                                                                 0
<PAYABLES>                                                          82,776,903
<REPOS-SOLD>                                                                 0
<SECURITIES-LOANED>                                                          0
<INSTRUMENTS-SOLD>                                                  27,451,053
<LONG-TERM>                                                                  0
<PREFERRED-MANDATORY>                                                        0
<PREFERRED>                                                                  0
<COMMON>                                                               178,331
<OTHER-SE>                                                         291,613,085
<TOTAL-LIABILITY-AND-EQUITY>                                       402,019,372
<TRADING-REVENUE>                                                  196,832,463
<INTEREST-DIVIDENDS>                                                15,592,953
<COMMISSIONS>                                                       47,963,074
<INVESTMENT-BANKING-REVENUES>                                                0
<FEE-REVENUE>                                                        4,494,002
<INTEREST-EXPENSE>                                                      87,582
<COMPENSATION>                                                     105,245,469
<INCOME-PRETAX>                                                     44,152,099
<INCOME-PRE-EXTRAORDINARY>                                          44,575,788
<EXTRAORDINARY>                                                              0
<CHANGES>                                                                    0
<NET-INCOME>                                                        44,575,788
<EPS-BASIC>                                                               2.66
<EPS-DILUTED>                                                             2.63





</TABLE>