Rande, was wondering what you think of TRAC. As an OLB their service is provided using their software that you down load free. I downloaded it and it seems like a good thing. It's trading around 13+ and there was rumor of a 2 for 1 stock split soon. Was said they would talk about the "DOR"for the split when their earnings are reported. Don't know what a DOR is. They just got a third ECN (BRUT) to help with trades. The 52wk high is 32 1/2 and low is 2 7/8. I don't own this stock. I was wondering more what you thought of the technology than the company itself, but while we at it what do you think of it as an investment? Thanks for your time and this great thread, I've learned a lot here.eom
NEW YORK--(BUSINESS WIRE)--Nov. 5, 1999--Track Data Corporation (Nasdaq-NMS: TRAC) announced today that
it signed an agreement with the BRUT ECN to add another routing destination for trades placed through its myTrack service, an
Internet-based online trading and market data service.
Barry Hertz, Chairman and CEO, commented, "As previously announced, to best serve our customer base, we want to
continue to add routing sources for trades to provide the fastest and best price executions available. The connectivity
arrangement with BRUT illustrates our commitment to provide best price execution services."
Brian K. Hyndman, President of BRUT, said, "We are very excited to become a routing destination on the myTrack service.
We feel that BRUT's broad liquidity will provide the best execution for myTrack customers."
Track Data offers the first week of trading commission-free and recently announced that the last week of trading in December
will also be free to celebrate the millennium. To open a trading account, go to mytrack.com and click on the "Open
a Trading Account" button.
myTrack is a fully integrated Internet-based online trading and market data system. Trading is offered at prices starting at
$12.95 per trade. myTrack is delivered over the Internet powered by application-based software and a constant server
connection similar to systems used by professionals, as compared to most of its competitors that provide their service over
HTML website-based static pages. myTrack delivers free streaming delayed quotes and unlimited free real-time extended
quotes, as well as breaking company news, a trade by trade log, charting for technical analysis and a proprietary library of
intraday market statistics. For $19.98 per month plus exchange fees, users can subscribe to streaming real-time quotes. A menu
of features, including Nasdaq Level II, is available separately or in value packages.
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 such
as E*Trade (Nasdaq: EGRP), Schwab (NYSE: SCH) and Ameritrade (Nasdaq: AMTD). 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 1-800-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.
BRASS Utility, L.L.C., headquartered in New York City, is a leading electronic communications network (ECN) and one of
nine ECNs approved by the Securities and Exchange Commission to act as an order display alternative. BRUT is majority
owned by Automated Securities Clearance Ltd. (ASC). ASC operates BRASS (Brokerage Real-Time Application Support
System) which provides the Nasdaq trader everything he or she needs to operate electronically. BRASS is the industry
standard, serving over 3000 desktop terminals in roughly 200 brokerage firms representing over 50% of Nasdaq volume.
Goldman Sachs (NYSE: GS), Knight/Trimark Group (Nasdaq: NITE), Merrill Lynch (NYSE: MER) and Morgan Stanley
Dean Witter (NYSE: MWD) maintain minority equity interests in the BRUT ECN. BRUT and ASC are operating units of
SunGard Data Systems Inc., the only large specialized provider of proprietary investment support systems and the pioneer and
a leading provider of comprehensive computer disaster recovery services. SunGard's common stock is listed on the New York
Stock Exchange under the symbol SDS. |
