more news this morning;
(BSNS WIRE) Track Data Announces Options Direct 'Europe' Ltd., Exclusive
Track Data Announces Options Direct 'Europe' Ltd., Exclusive U.K. Licensee of
myTrack, Launches Its Online Trading Service, 'myBroker'
Business Editors/Hi-Tech Writers
NEW YORK--(BUSINESS WIRE)--Nov. 2, 1999--Track Data Corporation
(Nasdaq NMS:TRAC) announced today that Options Direct (Europe) Ltd.,
the exclusive U.K. licensee of myTrack, launched its online trading
service under the private label of "myBroker."
ODL is a London-based stockbroker with more than 2000 active
accounts. The agreement provides trading customers of ODL with a
customized version of myTrack's Internet-based online trading and
market data system. Track Data received a 10% ownership interest in
ODL.
Track Data's Chairman and CEO, Barry Hertz, said, "We are very
excited about this opportunity to participate with ODL in building an
online trading service in Europe. In addition to our ownership
interest, myTrack is to receive revenues from its market data system
plus a per-trade transaction fee."
Bill Newton, Managing Director of ODL noted, "We believe this is
a great opportunity for both companies. ODL has an early start on the
fast growing online trading market in Europe. With a partner like
Track Data it will give us more visibility and credibility in the
marketplace. There are many synergies that can be better explored as
partners rather than the usual customer-vendor relationship."
Track Data provides real-time financial market data, news,
fundamental research, charting and analytical services to
institutional and individual investors through dedicated
telecommunication lines and the Internet. The Company also offers
online trading through its myTrack Internet-based personal investment
service.
myTrack is an Internet-based software application that is not
restricted by the limitations of an HTML website-based static system
offered by virtually all of its well-known competitors. myTrack
delivers a continuous dynamic stream of live market data and
investors' online trading activity.
The system is always connected and is an order of magnitude
faster than competing website-based systems. Download myTrack software
or open a trading account at mytrack.com or call
800/myTrack. For information about myTrack's SDK, go to
www.mytrack.com/sdk.
Additional information may be obtained by contacting Laurel
Louison, Investor Relations, at 718/522-7373 or by e-mail:
laurel_louison@tdc.com.
Options Direct is a privately owned stockbroker providing a wide
range of stockbroking and fund management services to private
investors. Options Direct is regulated by the Securities and Futures
Authority and is a member of the London Stock Exchange, EUREX and the
London International Financial Futures and Options Exchange (LIFFE).
Options Direct website is at options-direct.co.uk.
--30--DES/ph*
CONTACT: Track Data Corporation
Laurel Louison, Investor Relations, 718/522-7373
laurel_louison@tdc.com
KEYWORD: NEW YORK INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
E-COMMERCE HARDWARE SOFTWARE NETWORKING INTERNET
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