Track Data Corporation Announces One for Twenty-Five Reverse Stock Split
May 10 2010 - 8:00AM
Business Wire
Track Data Corporation (OTCBB: TRAC) today announced that its
Board of Directors has authorized a one for twenty-five reverse
stock split.
The Company’s Principal Stockholder controls more than 50% of
the Company’s outstanding common stock and will consent to the
reverse stock split, which is expected to be effective on or about
June 15, 2010, subject to filing requirements.
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 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.
For individual investors, Track Data Securities offers myTrack
Edge, a fully integrated, Internet-based online trading and market
data system. It offers direct access online trading, allowing users
the choice of where to route their equity and options orders.
myTrack Edge offers continuous dynamic streams of live market data
powered by application-based software and a constant server
connection similar to systems used by professionals. The Company
also offers myTrack, a web-based trading service at
www.mytrack.com.
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.
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