AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Track Data Announces the Addition of Futures Trading to Its myTrack Service.

Business Wire

| November 12, 2001 | COPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 12, 2001

Track Data Corporation (Nasdaq-NMS: TRAC) today announced that it has added futures trading to its myTrack online trading service.

Initially, the stock index futures contracts myTrack members will be able to trade are the ones traded electronically -- the E-Mini S&P 500 and the E-Mini Nasdaq 100, with the FORTUNE e-50 and the Russell 2000 E-Mini coming soon. Next year, when the SEC begins allowing individual stock futures to trade in the U.S., members will be able to trade them through myTrack.

"Futures will eventually become part of most traders' balanced portfolios," said Barry Hertz, Track Data Chairman and CEO. "Most investors now split their assets into a certain percentage of equities, bonds, and cash; we believe futures will become a part of the equation. The E-Minis offer a number of advantages over the securities traditionally traded by individuals, including substantial leverage. They also lack some of the disadvantages active traders are now facing, including decimalization issues, liquidity issues, and Pattern Day Trader account requirements, such as the $25,000 minimum account requirement. Due to their risk levels, futures are not suitable for all investors, but we expect them to continue to increase in popularity."

myTrack continues to offer online trading in stocks, options, and mutual funds. myTrack is a direct access broker that offers investors the opportunity to direct where ...

Related articles from newspapers, magazines, journals, and more
TRACK DATA REPORTS DISPOSITION BY 10 PERCENT OWNER HERTZ (New York)
News wire article from: US Fed News Service, Including US State News September 1, 2009 700+ words
WASHINGTON, Sept. 1 -- Track Data Corp. (TRAC), Brooklyn, N.Y., has filed the Securities and Exchange Commission noting the change in the beneficial interest...
Track Data acquires the option group; acquisition includes both TOG in the...
Press release article from: PR Newswire November 16, 1990 700+ words
...STATES AND TOG EUROPE NEW YORK, Nov. 16 /PRNewswire/ -- Track Data Corporation announced...designed strategies. Track Data Corporation is headquartered...at 61 Broadway, New York, N.Y., 10006...943-4555/ CO: Track Data Corporation; The Options Group ST: ...
Comtex SmarTrend(SM) Alerts Selected by Track Data for Business Research Engine.
Press release article from: Business Wire September 21, 2005 700+ words
...has been selected by Track Data (NASDAQ:TRAC), a New York-based financial services...some applications. About Track Data Track Data Corporation (www.trackdata.com) is a New York-based financial services...
Track Data Adds Trading of Foreign Currencies.
Press release article from: Business Wire May 19, 2004 700+ words
...Tradition Company, a New York-based firm with over...Forex") through Track Data Securities is that...ABOUT THE COMPANIES Track Data is a New York-based financial services...professional investors, Track Data Securities offers proTrack...
TRACK DATA AND COLT Internet TO OFFER UNIQUE CONTINUOUSLY UPDATED INTERNET...
Press release article from: Business Wire November 11, 1998 700+ words
NEW YORK--(BUSINESS WIRE...Without Dial-up Costs TRACK DATA Corporation (Nasdaq NMS...customers will be able to access TRACK DATA's real-time share pricing...charges. ProTrack, and TRACK DATA's retail level service...
Track Data Announces Addition of Knight Capital Markets -Formerly Trimark...
Press release article from: Business Wire April 13, 2000 700+ words
...High Tech Writers NEW YORK--(BUSINESS...April 13, 2000 Track Data Corporation...markets in all New York Stock Exchange...arrangement with Track Data is another step...THE COMPANIES Track Data is a New York-based financial...
Track Data Corporation Announces Tender Offer for Common Stock.
Press release article from: Business Wire August 3, 2005 700+ words
...August 17, 2005, Track Data will commence a...00 midnight, New York City time, on...2005, unless Track Data extends the offer...TENDER OFFER. Track Data Corporation maintains...Place, Brooklyn, New York 11217. Its telephone...
Track Data to carry PR Newswire.
Press release article from: PR Newswire January 2, 1991 700+ words
TRACK DATA TO CARRY PR NEWSWIRE NEW YORK, Jan. 2 /PRNewswire/ -- Track Data Corp., a leading vendor of quotation and...212-943-4555/ CO: PR Newswire; Track Data Corp. ST: New York IN: PUB SU: TS -- NY001B -- 7014 01...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA