Brooklyn, New York – August 12, 2003 – Track Data Corporation (Nasdaq: TRAC) today announced results for its second quarter ended June 30, 2003.

Revenues for the second quarter ended June 30, 2003 were $10,324,000 compared to $13,239,000 for the same period in 2002, a decrease of 22%. Net income for the second quarter of 2003 was $474,000, or $.01 per share, compared to $444,000, or $.01 per share in 2002. The Company has experienced a significant decline in revenues from its market data services to the professional market due principally to staffing reductions in the securities industry. Further, the Company experienced a significant decline in revenues from its Track ECN since Nasdaq's Super Montage trading system was introduced in late 2002. Management expects these trends to continue through 2003, negatively impacting revenues and profits. The non-professional market revenues declined in the second quarter of 2003 compared to the second quarter of 2002 as certain individual investors left the market, curtailed trading or traded through competitors, however, the Company's retail trading revenues increased 29% in the second quarter of 2003 compared to the first quarter of 2003. The 2003 period includes an after-tax gain on marketable securities of $238,000 compared to a gain of $448,000 in the 2002 period. The Company wrote down its investment in two private companies aggregating $310,000, after taxes, in the second quarter of 2002.

Revenues for the six months ended June 30, 2003 were $21,019,000 compared to $26,375,000 for the same period in 2002, a decrease of 20%. Net income for the 2003 period was $664,000, or $.01 per share, compared to $517,000, or $.01 per share in 2002. The decline in revenues in 2003 was due principally to significantly reduced revenues from its market data services to the professional market due principally to staffing reductions in the securities industry, and to reduced revenues from the Company’s myTrack non-professional trading and market data services. The 2003 period includes an after-tax gain on marketable securities of $460,000 compared to a loss of $184,000 in the 2002 period. The loss in 2002 resulted from the adoption, since discontinued, of a greater risk profile for the Company's arbitrage trading program. The Company wrote down its investment in two private companies aggregating $310,000, after taxes, in the second quarter of 2002.

Barry Hertz, Chairman and CEO, commented, "We achieved profitable operations during these tough economic times by keeping a close watch on expenses. In an effort to increase our revenues, we recently introduced TrackTrade, an advanced, feature-rich trading platform for active traders seeking the lowest commission rates offered to retail traders. With the recent increase in retail trading, we intend to increase our marketing expenditures for print and internet ads." Mr. Hertz added, "We are pleased to report Nasdaq notified the Company that it is now in compliance with Nasdaq's minimum bid price requirement for continued listing on Nasdaq's National Market."

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.

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