Track Data
ADDS TRADING OF CANADIAN SECURITIES
Brooklyn, New York – April 30, 2004 – Track Data Corporation (Nasdaq: TRAC) today announced that trading in Canadian equities is available through its retail and institutional trading platforms.
One of the advantages of trading Canadian equities through Track Data is that the firm does not require traders to open a separate account for this trading. Canadian trading has been fully integrated into existing trading platforms.
The commission rate for trading Canadian equities is C$9.95 + one half cent (Canadian) per share. For example, the commission for buying 500 shares of a Canadian stock would be 12.45 Canadian Dollars (about 9 U.S. Dollars).
"We are pleased to offer trading in Canadian securities. This is the first step in offering trading on primary foreign markets, which we expect to make available in the second half of 2004," said Marty Kaye, Track Data COO.
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 under a service bureau arrangement 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 the highest published rebate in the industry.
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.
# # #
Contact:
Rafi Reguer
Vice President, Corporate Communications
Track Data Corporation
718-522-0222
Rafi_Reguer@trackdata.com