<TABLE> <S> <C>
<ARTICLE> BD
<LEGEND>
This schedule contains summary financial information extracted
from SEC Form 10-Q and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-END> JUL-31-2000
<CASH> 10467730
<RECEIVABLES> 16676146
<SECURITIES-RESALE> 0
<SECURITIES-BORROWED> 0
<INSTRUMENTS-OWNED> 10630434
<PP&E> 966066
<TOTAL-ASSETS> 44626384
<SHORT-TERM> 0
<PAYABLES> 10271193
<REPOS-SOLD> 0
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 3720186
<LONG-TERM> 2000000
0
0
<COMMON> 65823
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 44626384
<TRADING-REVENUE> 8946190
<INTEREST-DIVIDENDS> 428324
<COMMISSIONS> 361468
<INVESTMENT-BANKING-REVENUES> 855275
<FEE-REVENUE> 0
<INTEREST-EXPENSE> 36869
<COMPENSATION> 3893862
<INCOME-PRETAX> (2080507)
<INCOME-PRE-EXTRAORDINARY> (2080507)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1174319)
<EPS-BASIC> (0.18)
<EPS-DILUTED> (0.18)
</TABLE>