(COMTEX) B: Track Data Announces Addition of Forge for Trade Executio
B: Track Data Announces Addition of Forge for Trade Executions Through Its
myTrack Service
NEW YORK, Feb 12, 2001 (BUSINESS WIRE) -- Track Data Corporation (Nasdaq-NMS:
TRAC) today announced that it has added Forge Financial Group as another routing
destination for stock trades placed through myTrack, its Internet-based online
trading and market data service.
Initially, Forge will be a routing source for OTC Bulletin Board stocks.
Forge Financial is a market maker that executes orders electronically for
institutions and retail clients. The new agreement will allow myTrack members
direct access to Forge for execution. In addition to OTC BB stocks, Forge can
also handle Nasdaq NMS and listed stocks.
"The link to Forge gives myTrack members another market maker they can go to
directly, and when I say `directly,' I really mean it. There are some other
firms in the direct access space who claim to have connections to hundreds of
market makers, but those connections aren't direct pipelines--they're through
SelectNet and SOES. Well, myTrack offers SelectNet and SOES as well, but it also
has direct connections to market makers and ECNs. And we're continuously adding
these direct routing sources for the benefit of our members," said Barry Hertz,
Track Data Chairman and CEO.
Robert Richards, a spokesman for Forge, stated, "We are excited about the
additional routing from Track Data. We are confident that myTrack members will
be pleased with the executions they receive on their OTC BB stock trades."
ABOUT THE COMPANIES
Track Data is a New York-based financial services company that provides
real-time financial market data, news, and research to institutional and
individual investors through dedicated telecommunication lines and the Internet.
For individual investors, Track offers myTrack, a fully integrated,
Internet-based online trading and market data system. myTrack's direct access
online trading has commissions starting at $12.95 per trade and allows users the
choice of where to route their orders. myTrack's continuous, dynamic stream of
live market data is powered by application-based software and a constant server
connection similar to systems used by professionals, making it faster than the
HTML web-based static pages offered by most of its competitors, such as Schwab
(NYSE: SCH), Ameritrade (AMTD), and TD Waterhouse (NYSE: TWE). In addition to
all the free data supplied to myTrack users--streaming delayed quotes, company
news, charting for technical analysis, and a proprietary library of intra-day
market statistics--myTrack users can choose from a selection of paid data and
research, including streaming real-time quotes and Nasdaq Level II. myTrack
offers access through PCs, browser phones, and PDAs, such as Palm Organizers
(made by Palm Inc. (Nasdaq: PALM)) and Visors (made by Handspring (Nasdaq:
HAND)).
myTrack offers the first week of trading commission-free. To open a trading
account, go to mytrack.com or call 1-800-myTrack.
For additional information about Track Data, Inc., please contact Laurel
Louison, Investor Relations, at 718-522-7373 or by e-mail:
laurel_louison@tdc.com.
Forge Financial Group, Inc. is headquartered in Boca Raton, Florida. The firm
offers a comprehensive package of trading services, specializing in
institutional trading, market making and order execution. The firm serves
full-service broker/dealers, investment advisors, institutional organizations,
discount brokers, foreign accounts and market makers. Forge Financial Group,
Inc. has a full compliment of experienced personnel that are fully registered
and licensed.
CONTACT: Track Data, Inc., New York
Laurel Louison, 718/522-7373
laurel_louison@tdc.com.
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