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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Craig K who wrote (20943)	10/29/1999 9:32:00 AM
From: Kimberly Lee	Read Replies (2) \| Respond to of 108040

TRAC gapping up on huge news of developing it's own ECN. Bought 8 1/4 premarket Float is only 3.3M, eps -0.05, almost making a profit, not bad for an Internet company. (BSNS WIRE) Track Data Announces Its myTrack Online Services Broker-Deal Track Data Announces Its myTrack Online Services Broker-Dealer Applies to Establish an ECN Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Oct. 29, 1999--Track Data Corporation (Nasdaq NMS: TRAC) announced today that Track Securities Corp., the broker-dealer that provides online trading for its myTrack online trading customers, filed an application today with both the SEC and the NASD to establish an electronic communications network (ECN). The ECN will provide another source for best execution for myTrack customers, as well as the opportunity for other broker-dealers to eventually join in the network. In the past, it has taken approximately six months to get approval for an ECN. Track Data has the right to take control of the ECN after it obtains its own broker-dealer license. Barry Hertz, President and CEO, said, "We believe this move will benefit our customers with our objective to provide the best execution possible. Further, the ECN will provide an opportunity for strategic alliances with other parties that could result in further benefits to our business." Track Data provides real-time financial market data, news, (BSNS WIRE) Track Data Announces Its myTrack Online Services Broker-Deal Track Data Announces Its myTrack Online Services Broker-Dealer Applies to Establish an ECN Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Oct. 29, 1999--Track Data Corporation (Nasdaq NMS: TRAC) announced today that Track Securities Corp., the broker-dealer that provides online trading for its myTrack online trading customers, filed an application today with both the SEC and the NASD to establish an electronic communications network (ECN). The ECN will provide another source for best execution for myTrack customers, as well as the opportunity for other broker-dealers to eventually join in the network. In the past, it has taken approximately six months to get approval for an ECN. Track Data has the right to take control of the ECN after it obtains its own broker-dealer license. Barry Hertz, President and CEO, said, "We believe this move will benefit our customers with our objective to provide the best execution possible. Further, the ECN will provide an opportunity for strategic alliances with other parties that could result in further benefits to our business." 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. 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. Additional information may be obtained by contacting Laurel Louison, Investor Relations, at 718/522-7373 or by e-mail: laurel_louison@tdc.com. Track Securities Corp. is a broker-dealer based in Boca Raton, Florida, which is owned by a director of Track Data. --30--flb/ny* CONTACT: Track Data Corp., Brooklyn, New York Laurel Louison, Investor Relations 718/522-7373 e-mail: laurel_louison@tdc.com tdc.com KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS SOFTWARE TELECOMMUNICATIONS INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com