BROOKLYN, N.Y., June 14, 2007 (PRIME NEWSWIRE) -- Track Data's (Nasdaq:TRAC) Track ECN today announced an aggressive inverse pricing model for the month of July to encourage subscribers to take liquidity, reducing response time and increasing the number of executions for subscribers who add liquidity.
Pricing Effective for the Month of July
$0.0020 per share charge for removing liquidity or routing out
to other market centers.
$0.0022 per share rebate for adding liquidity in stocks priced
at or above $1.00.
Rebates for adding liquidity where Track ECN receives an execution from NSX will remain at $.0027 per share for stocks priced at or above $1.00.
The above rates remain in effect for July and Track ECN will return to its normal low prices of charging $.0023 for removing liquidity and rebating $.0022 for adding liquidity. For our complete fee schedule, please refer to www.trackecn.com.
To sign up and take advantage of these prices, please contact Joseph Schultz, Vice President, Track ECN, at 718-260-4282 or by e-mail: joseph_schultz@trackdata.com.
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.
The Track Data logo is available athttp://www.primezone.com/newsroom/prs/?pkgid=3832
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.
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 the highest published rebate in the industry.
For individual investors, Track Data Securities offers myTrack and myTrackPro, 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 myTrackPro 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.