TRACK DATA
ANNOUNCES THE ADDITION OF CROWN FINANCIALFOR OTCBB TRADE EXECUTIONS
BROOKLYN, NY– April 1, 2004 – Track Data Corporation (Nasdaq: TRAC) today
announced that it has added Crown Financial Group, Inc. (Pink Sheets: CFGI) as another direct routing destination for Over-The-Counter Bulletin Board ("OTCBB") stock trades placed through its direct access trading platforms.
"OTCBB traders still haven’t received all the advantages of the electronic marketplace," said Barry Hertz, Track Data Chairman and CEO, "but we’re offering a more and more efficient execution solution. We believe that the cornerstone of Direct Access Brokerage is offering direct access to the best Market Makers and ECNs. That’s why we’re very pleased to announce the addition of Crown Financial. They make a market in over 9,500 securities and have decades of experience."
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.
The Company also owns and operates the Track ECN, an electronic communications network that allows traders to display and match limit orders for stocks. Track ECN offers subscribers a Rebate Model, which offers the highest published rebate in the industry and a Free Model, which offers no access fees to market participants who access its liquidity through Nasdaq's SuperMontage. Because of its no access fee, the Free Model is offered in Nasdaq's first tier with market makers, providing subscribers with fast executions. Track ECN offers subscribers anonymous executions and speed.
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.
Crown Financial Group, Inc. is an international financial services firm, with five separate divisions: Wholesale Market Making, Broker-Dealer Sales, Institutional Sales, Investment Banking, and Fixed Income Services. Crown meets the liquidity needs of brokers, dealers, institutions, and asset managers by making markets in over 9,500 Nasdaq and non-Nasdaq OTC securities. Crown has particular expertise trading Nasdaq SmallCap, OTC Bulletin Board, and Pink Sheet securities.
# # #
Contacts:
Rafi Reguer
Vice President, Corporate Communications
Track Data Corporation
718-522-0222
Rafi_Reguer@trackdata.com.
Jeffrey Hoobler
COO
Crown Financial
Phone: 201-459-9500
Toll Free: 800-888-8118 