For those too lazy to go to Yahoo, here is tomorrow's PR (comes in email early to Mytrack users)
**********************************************************
TRACK DATA ANNOUNCES OPTIONS DIRECT (EUROPE) LTD.,
EXCLUSIVE U.K. LICENSEE OF myTrack, TO OFFER ITS
UK INVESTORS ACCESS TO US MARKETS
NEW YORK-May 19, 2000-Track Data Corporation
(Nasdaq NMS: TRAC) announced today that Options Direct
(Europe) Ltd. ("ODL"), the exclusive U.K. licensee of myTrack,
has just launched a new feature for its online trading service,
myBroker-online trading access to U.S. markets and real-time
U.S. market data.
ODL is a London-based stockbroker with more than 8,000
myBroker users. Under an agreement signed last year, ODL
provides its customers with a customized version of myTrack?s
Internet-based online trading and market data system. In
exchange, Track Data receives a percentage of commissions
generated by ODL?s myBroker, and received a 10% ownership
interest in ODL.
Through ODL?s myBroker service, British clients can now have
access to real-time U.S. market data and trade U.S. markets
through their PCs, WAP-enabled phones, Palms, and Personal
Digital Assistants. Offering a low $15.95 commission on U.S.
trades and a single, one currency account (able to handle
pound sterling or U.S. dollars), ODL is looking for great
success from its online U.S. trading service.
"We have given thousands of private investors free access to
what has traditionally been considered ?privileged?
information," commented John Paul Thwaytes, chairman,
myBroker. "The days of private investors facing limited access
to US markets, high commissions, and no real-time US market
data are over. We believe British investors will respond
favourably."
"You can?t argue with additional order flow, particularly when
Track receives a percentage of the commission," said Track
Data's Chairman and CEO, Barry Hertz. "That?s the reason we
continue to seek to provide overseas access to the US markets.
Such arrangements benefit the foreign brokerage, its customers,
and Track Data."
ABOUT THE COMPANIES
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). British residents may
download myBroker software, apply for a free CD, or open a
trading account at mybroker.co.uk
Track Data is a New York-based financial services company that
offers myTrack, a fully integrated Internet-based online
trading and market data system. myTrack offers the first
week of trading commission-free. To open a trading account,
go to mytrack.com and click on the "Open a Trading
Account" button.
myTrack delivers a continuous dynamic stream of live market
data and investors' online trading activity. myTrack is
delivered over the Internet powered by application-based
software and a constant server connection similar to systems
used by professionals, making it faster than the HTML web
site-based static pages offered by most of its competitors,
such as E*Trade (Nasdaq: EGRP), TD Waterhouse (NYSE: TWE),
and National Discount Brokers (NYSE: NDB). 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. In addition to
PC-based trading, myTrack offers wireless access through
browser phones and PDAs such as Palm Organizers (made by
Palm Inc. (Nasdaq: PALM)). Download myTrack software or open
a trading account at mytrack.com or call
1-800-myTrack. For information about myTrack's SDK, go to
mytrack.com.
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.
|
