Track Data’s TRACK ECN INCREASES REBATE TO

BROOKLYN, NY—February 9, 2004—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 minimum rebate of $2.50 per thousand shares traded when they add liquidity, which is the highest published rebate in the industry. The rebate could go as high as $2.70, depending upon the subscriber’s trading volume. Market participants who take liquidity will be charged $3.00 per thousand shares.

Information about Track ECN’s new pricing schedule is available by telephone at 1-888-287-8832 or by visiting http://www.trackecn.com

"Our old rebate of $2.30 was already the highest published rate in the industry, but increasing it to up to $2.70 ensures that Track ECN will continue to offer the largest rebate by a wide margin," said Roderick Covlin, EVP of Track ECN. "The rate change is good for the subscribers and for the firm. The subscribers get a larger rebate and the firm gets new subscribers—there are always new firms that sign on after we increase our rebate."

"The competition for orders is intense, which has led to tighter and tighter spreads. Fortunately, Track ECN has the lowest overhead in the industry, so we can continue to compete," Covlin continued.

For NASDAQ securities:

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 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, making them faster than the HTML web-based static pages. In the field of discount brokerage, Track competes with TradeStation (Nasdaq: TRAD), Interactive Brokers, Schwab (NYSE: SCH), E*Trade (NYSE: ET), Ameritrade (Nasdaq: AMTD), and TD Waterhouse (NYSE: TD).

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