Track DATA’S TRACK ECN REPORTING 5 LEVELS

BROOKLYN, NY—December 23, 2004—Track Data Corporation (NASDAQ: TRAC) today announced that its Track ECN (Market Participant ID: "TRAC") has begun reporting five levels on Nasdaq’s SuperMontage. Track ECN clients will benefit from this move by receiving higher trading priority on bids and offers placed away from the market.

"Track ECN’s philosophy is simple: offer access to ample liquidity, the best possible execution priority, and the largest possible rebate," said Joe Schultz, VP of Track ECN. "Participating in SuperMontage means Track ECN offers access to its liquidity to the entire trading community via Nasdaq. The decision to report five levels offers our clients an edge when they wish to place orders away from the market, since they will receive time priority if the market moves in their direction. And, finally, we offer a great rebate of $2.70 per thousand shares."

According to Nasdaqtrader.com, Track ECN is back in its list of Top 10 liquidity providers. Nasdaq’s report for the week of December 6^th shows Track ECN in the number 9 slot. Track ECN was regularly in the top 10 before the advent of SuperMontage, and was the number 1 provider for several weeks. This is the first time Track ECN is among the top 10 since 2002.

For NASDAQ securities, effective January 1, 2005:

Track ECN competes with six other ECNs, down from a dozen when Track ECN commenced business in 2002. The three largest competitors are Archipelago (Pacific: AX), Instinet (Nasdaq: INGP) and Nasdaq/Brut (Nasdaq: NDAQ).

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.

# # #

Rafi Reguer

Vice President, Corporate Communications

Track Data Corporation

718-522-0222

Rafi_Reguer@trackdata.com