8-K

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K
                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934


         Date of Report ( Date of earliest event reported) May 13, 2003


                             Track Data Corporation
             (Exact Name of Registrant as specified in its Charter)

                                   22-3181095
                      (IRS Employer Identification Number)

                                     0-24634
                            (Commission File Number)

                                    Delaware
         (State or other jurisdiction of incorporation or organization)

                      95 Rockwell Place, Brooklyn, New York
                    (Address of Principal Executives Offices)

                                      11217
                                   (Zip Code)


        Registrant's telephone number including Area Code: (718) 522-7373

ITEM 9. REGULATION FD DISCLOSURE

On May 13, 2003, Track Data Corporation issued a press release announcing its
earnings release for the first quarter of 2003. A copy of this press release is
attached as Exhibit 99.1.

This information, furnished under Item 9, Regulation FD Disclosure, is also
intended to be furnished under Item 12, Results of Operations and Financial
Condition, in accordance with SEC Release No. 33-8216.

The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be
deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall
it be deemed incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference.


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           Track Data Corporation



                                           By:        /s/
                                               ------------------
                                               Martin Kaye
                                               COO, CFO

Date: May 13, 2003

EX-1

EXHIBIT 99.1 PRESS RELEASE


Brooklyn, New York - May 13, 2003 - Track Data Corporation (Nasdaq: TRAC) today
announced results for its first quarter ended March 31, 2003.

Revenues for the first quarter ended March 31, 2003 were $10,695,000 compared to
$13,136,000 for the same period in 2002, a decrease of 19%.  Net income for the
first quarter of 2003 was $190,000, or $.00 per share, compared to $73,000, or
$.00 per share in 2002.  Since 2001, the Company has experienced a decline in
revenues from its market data services to the professional market due
principally to a reduction in customers' staffing.  Management expects this
trend to continue through 2003, negatively impacting revenues and profits.  The
decline in professional revenues was partially offset by revenues of $773,000
from the Company's Track ECN that commenced operations in the second quarter of
2002.  In addition, the Company continues to  experience a significant decline
in revenues and profits from its retail trading and market data businesses as
individual investors leave the market, curtail trading or trade with
competitors.  The 2003 period includes an after-tax gain on marketable
securities of $221,000 compared to a loss of $632,000 in the 2002 period.  The
2002 loss was realized as the Company expanded its arbitrage trading program to
include a greater risk profile trading program.  The Company continued its
arbitrage trading program but discontinued the greater risk trading program
during the first quarter of 2002.

Barry Hertz, Chairman and CEO, commented, "The market for our trading and market
data services is expected to remain weak for the near future.  We believe that
we are well positioned to benefit when the economy improves and Wall Street is
once again hiring.  In the meantime, we are keeping a close watch on our
expenses and are exploring various alternatives to grow our revenue base by
leveraging the assets we presently employ."

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 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 a Rebate Model, which offers the highest published rebate
in the industry and a Free Model, which offers no access fees to market
participants who access its liquidity through Nasdaq's SuperMontage.  Because of
its no access fee, the Free Model is offered in Nasdaq's first tier with market
makers, providing subscribers with fast executions.  Track ECN offers
subscribers anonymous executions and speed.

For individual investors, Track Data Securities offers myTrack, a fully
integrated, Internet-based online trading and market data system. myTrack's
direct access online trading has equity commissions starting at $12.95 per trade
and allows users the choice of where to route their orders.  myTrack also offers
trading in options at all options markets, and over 6,000 mutual funds.  In
addition, futures trading in the E-Minis is available, with
cross-collateralization of accounts.  Futures trades are routed directly to the
CME at $14 per contract per round trip.

For additional information, please contact Rafi Reguer, Vice President,
Corporate Communications, at 718-522-0222 or by e-mail:
rafi_reguer@trackdata.com.

Forward-looking statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.  The words
"believe," "expect," "plan," "anticipate" and other similar expressions
generally identify forward-looking statements.  Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of
their dates.  These forward-looking statements are based largely on the
Company's current expectations and are subject to a number of risks and
uncertainties, including without limitation, volatility in the stock market,
changes in external market factors including the economy, changes in the
Company's business or growth strategy or an inability to execute its strategy
due to changes in its industry and other risks and uncertainties indicated from
time to time in the Company's filings with the Securities and Exchange
Commission, including the Company's Forms 10-K, 10-Q, S-3 and S-8.  Actual
results could differ materially from the results referred to in the
forward-looking statements.


                              FINANCIAL HIGHLIGHTS


                                                               
                                                  THREE MONTHS ENDED
                                                        MARCH 31,
                                                    2003         2002
                                                -----------  -----------
Revenues                                        $10,695,000  $13,136,000
Net income (A)                                      190,000       73,000
Basic and diluted income per share              $       .00  $       .00

(A)  Includes an after-tax gain on marketable securities of $221,000 in 2003
     and a loss of $632,000 in 2002.