Track Data Corporation TRAC Message Board

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Technology Stocks : Track Data Corporation TRAC

TRAC 20.00

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Oct 7 10:48 AM EST

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To: JamesB who wrote (994)	4/2/2000 10:00:00 AM
From: Richard V Davis	Read Replies (5) of 2005

James; The lockout rule with respect to Herzog is not quite as you describe it. First of all, it is by account therefore if you do a trade in account #1 in security XXX it does not prevent account #2 from doing a trade in security XXX. Secondly there is no 500 share rule or limit. Each market maker sets an auto execution amount according to their internal processes; in your example the MM has set a 500 share limit. If a stock is moving quickly a 25,000 share order will get an auto execution of some amount (500 in your example) and the MM's order desk will handle the balance. Herzog is not unique in this all market makers do the same thing. Executives, management and staff at Track Data care about every customer, top 20 traders or free delayed quote subscribers. Issues that are presented are then addressed. Rick Davis Vice President, Track Data Corporation

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