Track Data’s TRACK ECN BOOSTS REBATE

BROOKLYN, NY—January 3, 2005—Track Data Corporation (NASDAQ: TRAC) today announced that its Track ECN (Market Participant ID: "TRAC") is now offering all subscribers a rebate of $2.70 per thousand shares, regardless of trading volume. This constitutes the best rebate offer in the industry today.

"It’s always difficult to compare rebate structures throughout the industry, because some firms do not publish their rates—they cut deals based upon volume," said Joe Schultz, VP of Track ECN. "It is tough for an ECN’s subscriber to know if he is getting the best deal. Track ECN is making it quite simple: you start off with the best deal, from day one, from share one. You don’t have to worry about maintaining a certain trading volume. And since we participate in Nasdaq’s SuperMontage, reporting five levels, you don’t have to worry about getting a great execution. Track ECN makes life simple."

For NASDAQ securities, effective now:

Additional information about Track ECN’s price schedule can be obtained at the ECN’s web site, http://www.trackecn.com, or by calling Joe Schultz at 1-718-260-4282.

According to Nasdaqtrader.com, Track ECN has climbed to the number 7 slot in its list of Top 10 liquidity providers on SuperMontage for the week of December 20^th. Track ECN competes with six other ECNs, down from a dozen when Track ECN commenced business. The three largest competitors are Archipelago (Pacific: AX), Instinet (Nasdaq: INGP) and Nasdaq/Brut (Nasdaq: NDAQ).

Track Data Corporation is a New York-based financial services company that provides direct access brokerage, real-time financial market data, news, and research to institutional and individual investors through dedicated telecommunication lines and the Internet.

For professional investors, Track Data Securities offers proTrack, a direct access trading platform with fully integrated market data. proTrack offers unbiased trade routing, allowing clients control over where their orders are sent. proTrack is also available to broker-dealers under a service bureau arrangement as an execution platform.

For individual investors, Track Data Securities offers myTrack and TrackTrade, both fully integrated, Internet-based online trading and market data systems. Each platform offers direct access online trading, allowing users the choice of where to route their equity and options orders. myTrack and TrackTrade offer continuous, dynamic streams of live market data powered by application-based software and a constant server connection similar to systems used by professionals.

For all investors, the Company’s NewsWare division offers NewsWatch, a PC-based application that aggregates news from thousands of sources. Featuring real-time full text filtering and complex queries, its real-time alerting functions allow users to choose topics of interest and be among the first to know when news breaks.

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Rafi Reguer

Vice President, Corporate Communications

Track Data Corporation

718-522-0222

Rafi_Reguer@trackdata.com