Track Data Corp. (Nasdaq: TRAC) gained 5/16 to 1 5/8 Monday after the online financial services company said the National Association of Securities Dealers granted its securities division a broker-dealer license.
“We are very excited about the successful end to a process that has been going on for some time,” said Chairman and Chief Executive Officer Barry Hertz. ” ‘When will you get the broker-dealer license?’ has been the most asked question at my regular monthly chats.”
Track Data provides information, news and research to investors through the Internet and over dedicated telecommunications lines. The company is based in New York.