Track Data’s TRACK ECN CHANGES PRICING SCHEDULE TO $2.30 REBATE/$2.90 CHARGE FOR ITS "TRAC" SUBSCRIBERS

LARGEST REBATE/LOW ACCESS FEE

NEW YORK, NY—January 6, 2003—Track Data Corporation (NASDAQ: TRAC) today announced that its Track ECN will change its pricing for its Rebate Model (Market Participant ID: "TRAC"). Effective immediately, subscribers will receive a rebate of $2.30 per thousand shares traded when they add liquidity. Market participants who take liquidity will be charged $2.90 per thousand shares, the lowest access fee of any major ECN.

"With a charge of only $2.90 per thousand, traders will be looking to hit orders on Track ECN before others in the ECN tier," said Roderick Covlin, EVP of Track ECN. "That will please our subscribers, who will also be happy to get a $2.30 rebate."

NEW PRICE SCHEDULE FOR "TRAC," THE REBATE MODEL

For NASDAQ securities:

        Order that adds liquidity $2.30 per thousand shares REBATE

        Order that removes liquidity $2.90 per thousand shares CHARGE

TRACK ECN’S OTHER PRICING MODEL, "DATA," THE FREE MODEL

In addition to the Rebate Model described above, Track ECN has recently introduced a second pricing model offering free access to market participants. Under Market Participant ID "DATA," Track ECN posts orders and does not charge an access fee to those who take away liquidity through NASDAQ. Using the Free Model, subscribers can display bids and offers in the first tier with the Market Makers (as opposed to the second tier, with those who charge an access fee).

Both the Rebate Model and the Free Model of Track ECN offer subscribers anonymous executions, speed, and participation in NASDAQ’s SuperMontage. Further information about Track ECN is available by telephone at 1-888-287-8832 or by visiting http://www.trackecn.com

Track Data 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 as an execution platform.

For individual investors, Track Data Securities offers myTrack, a fully integrated, Internet-based online trading and market data system. myTrack’s direct access online trading has equity commissions starting at $12.95 per trade and allows users the choice of where to route their orders. myTrack also offers trading in options at all options markets, and over 6,000 mutual funds. In addition, futures trading in the E-Minis is available, with cross-collateralization of accounts. Futures trades are routed directly to the CME at $14 per contract per round trip.

For additional information, please contact Rafi Reguer, Vice President, Corporate Communications, at 718-522-0222 or by e-mail: rafi_reguer@trackdata.com.

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