Track Data Announces Direct Access to SuperDOT and SOES Through Its myTrack Trading Service.Business and Technology Editors NEW YORK--(BUSINESS WIRE)--Feb. 1, 2001 Track Data Corporation (Nasdaq-NMS: TRAC TRAC - Text Reckoning And Compiling ) today announced that it is offering its myTrack online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. members the ability to route orders directly to SuperDOT and SOES SOES See: Small Order Execution System SOES See Small Order Execution System (SOES). . "The advantages the professional traders once had over the individuals just keep slipping away," says Barry Hertz, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Track Data. "We are excited that myTrack members can now access SuperDOT and SOES. Their addition to our roster of routing destinations confirms our commitment to providing individual investors with the greatest possible range of choices so they can get the best trade executions. But it doesn't stop here. With the SOES connection in place, when SuperSOES comes into existence, myTrack members will have access to it as well." New Version of myTrack Offers a New Method of Choosing Routing Sources: Trade by Trade myTrack members can access SuperDOT and SOES directly two ways: by selecting them as their default routing sources or on a trade by trade basis. Members who have downloaded the latest version of myTrack (version 4.3.22, released this week) can select SuperDOT or SOES on a trade by trade basis because the new version of myTrack has a routing drop-down box right on the myTrade screen. SuperDOT and SOES Defined SuperDOT, which stands for "Super Designated Order Turnaround," is a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) computer system that provides swift executions of market and marketable limit orders, up to specified sizes, in virtually all listed stocks. SuperDOT bypasses the floor brokers by transmitting market and day limit orders directly to the Specialists. Specialists receiving orders through SuperDOT execute them as soon as market conditions permit. SOES, an acronym for Small Order Entry System, is basically the Nasdaq version of the SuperDOT system. SOES accepts orders of under 1,000 shares, aggregates them, and executes them against firm quotes from market makers. About the Company Track Data is a New York-based financial services company that provides real-time financial market data, news, and research to institutional and individual investors through dedicated telecommunication lines and the Internet. For individual investors, Track offers myTrack, a fully integrated, Internet-based online trading and market data system. myTrack's direct access online trading has commissions starting at $12.95 per trade and allows users the choice of where to route their orders. myTrack's continuous, dynamic stream of live market data is powered by application-based software and a constant server connection similar to systems used by professionals, making it faster than the HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. web-based static pages offered by most of its competitors, such as Schwab (NYSE: SCH SCH School SCH Schedule SCH Search SCH Semester Credit Hours SCH Santander Central Hispano (bank in Spain) SCH Socket Head SCH Synchronization Channel SCH Succinylcholine SCH Space Center Houston ), E*Trade (Nasdaq: EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ), and TD Waterhouse (NYSE: TWE TWE Test of Written English TWE ThinkWave Educator (teacher productivity application) TWE That Was Easy TWE tap water enema TWE Threat Warning Equipment TWE Transitional Work Experience TWE Triangle Wind Ensemble ). In addition to all the free data supplied to myTrack users--streaming delayed quotes, company news, charting for technical analysis, and a proprietary library of intra-day market statistics--myTrack users can choose from a selection of paid data and research, including streaming real-time quotes and Nasdaq Level II. myTrack offers access through PCs, browser phones, and PDAs, such as Palm Organizers (made by Palm Inc. (Nasdaq: PALM)) and Visors (made by Handspring (Nasdaq: HAND)). myTrack offers the first week of trading commission-free. To open a trading account, go to http://www.mytrack.com or call 1-800-myTrack. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion