NEWS RELEASE

Track Data’s TRACK ECN LOWERS TAKEOUT FEE TO 2.5 MILS

$.0025 PER SHARE CHARGE FOR TAKING LIQUIDITY on ALL DIRECT ORDERS, EVEN FROM NON-SUBSCRIBERS

BROOKLYN, NY—June 16, 2005—Track Data Corporation (NASDAQ: TRAC) today announced that its Track ECN (Market Participant ID: “TRAC”) now allows traders to take away liquidity from its book for only 2.5 mils per share. The 2.5 mils per share fee is available on all orders sent through a direct connection to Track ECN, even orders from non-subscribers.

“When you send your order directly, Track ECN will first sweep its book, charging you 2.5 mils per share for the liquidity you take. Then, if Track ECN needs to route out part or all of your order, the ECN will charge you 3 mils per share routed out. A 3 mil maximum fee—you have nothing to lose by sending your order to Track ECN,” said Joe Schultz, Vice President of Track ECN.

“With a takeout fee of only 2.5 mils, we have a simple message,” Shultz added. “Hit us first.”

TRACK ECN PRICE SCHEDULE FOR NASDAQ SECURITIES

Order Type Fee for Taking Liquidity

Direct Order $0.0025

Order via Nasdaq $0.0030

Order Type Rebate for Adding Liquidity

Internal Match $0.0023

External Match via Nasdaq $0.0027

Orders routed out are 3 mils per share.

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.

ABOUT TRACK ECN

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).

COMPANY BACKGROUND

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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Contact:

Rafi Reguer

Vice President, Corporate Communications

Track Data Corporation

718-522-0222

Rafi_Reguer@trackdata.com