TRACK DATA ANNOUNCES ADDITION OF BERNARD L. MADOFF
FOR TRADE EXECUTIONS THROUGH ITS myTrack SERVICE
New York, NY- February 22, 2001 - Track Data Corporation
(Nasdaq-NMS: TRAC) today announced that it has added Bernard
L. Madoff Investment Securities LLC as another direct routing
destination for stock trades placed through myTrack, its
Internet-based online trading and market data service.
"You know, there's a simple trick to getting the best
executions for your trades," said Barry Hertz, Track Data
Chairman and CEO. "You route your trade directly to the
place offering you the best price. It's pretty simple, and
yet most investors still let their brokerage firm make all
the routing decisions for them, never checking to see if
they're really getting the best possible execution, never
checking to see if their trades are always getting routed to
the same place over and over.
"Direct access is all about the power to choose; our job is
to ensure that our members have the best routing sources from
which to choose. That's why we're so pleased to announce the
addition of Bernard L. Madoff. Madoff is a well established,
well respected firm, making markets in both listed and Nasdaq
stocks. The link to Madoff gives myTrack members another
market maker they can go to directly. The more direct links
we have to market makers and ECNs, the better it is for our
myTrack members."
Mark Madoff, head of listed trading for Madoff, 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 the listed and Nasdaq stock trades
they route to us."
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.
Bernard L. Madoff Investment Securities LLC is a leading
international market maker. The firm has been providing quality
executions for broker-dealers, banks, and financial institutions
since its inception in 1960. During this time, Madoff has
compiled an uninterrupted record of growth, which has enabled us
to continually build our financial resources. With $325 million
in firm capital, Madoff currently ranks among the top 1% of U.S.
securities firms. Its sophisticated proprietary automation and
unparalleled customer service delivers an enhanced execution that
is virtually unmatched in our industry.
Madoff Securities' customers include scores of leading securities
firms and banks from across the United States and around the world.
The firm is not only a leading market-maker in all of the S&P 500
stocks as well as over 200 NASDAQ issues, it is also one of the
largest market-makers in US convertible bonds, preferred stocks,
warrants, units, and rights. The firm is known for its fine
pricing as well as its ability to execute most orders in seconds.
For additional information about Bernard L. Madoff Securities LLC,
please visit their web site at madoff.com |
