Track Data's TRACK ECN Increases Rebate on Its Data Model to 2.9 Mils Per Share.BROOKLYN, N.Y. -- Track Data Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TRAC TRAC - Text Reckoning And Compiling ) today announced that effective October 1, 2006, its Track ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. (Market Participant ID: "DATA") will increase its rebate to traders for adding liquidity to 2.9 mils per share ($2.90 per thousand) from 2.7 mils per share. The "DATA" model operates on the ADF (1) (Application Development Facility) An IBM programmer-oriented mainframe application generator that runs under IMS. (2) (Automatic Document Feeder) A paper stacker that feeds one sheet of paper at a time into the unit. and requires a direct connection to TRACK ECN to add or take liquidity. "In an effort to offer the "tightest spread" in the market on both of our ECN platforms, we reduced the spread from .3 to .1 mils per share on DATA," said Joe Schultz, Vice President of Track ECN. "The TRAC model pricing remains at 2.5 mils per share rebate and 2.6 mils per share charge." [TABLE OMITTED] Additional information about TRACK ECNs price schedule can be obtained at the ECNs website, http://www.trackecn.com, or by calling Joe Schultz at 718-260-4282. Track Data is a financial services company that provides real-time financial market data, fundamental research, charting and analytical services to institutional and individual investors through dedicated telecommunication lines and the Internet. The Company also disseminates news and third-party database information from more than 100 sources worldwide. The Company owns Track Data Securities Corp. ("TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code "), a registered securities broker-dealer and member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. The Company provides a proprietary, fully integrated Internet-based online trading and market data system, proTrack, for the professional institutional traders, and myTrack for the individual trader. The Company also operates Track ECN, an electronic communications network that enables traders to display and match limit orders for stocks. |
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