8-K

UNUITED STATES

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: November 11, 2004

(Date of earliest event reported)

TRACK DATA CORPORATION

(Exact Name of Registrant as specified in its Charter)

Delaware	0-24634	22-3181095
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification)
incorporation or organization)		Number

95 Rockwell Place, Brooklyn, New York	11217
(Address of Principal Executives Offices)	(Zip Code)

718) 522-7373

(Registrant's telephone number including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:

q   Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

q   Soliciting material pursuant to Rule 10a-12 under the Exchange Act (17 CFR 240.14a-12

q   Pre-commencment communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

q   Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (14 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

  The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition.”

On November 11, 2004, Track Data Corporation issued a press release announcing its results of operations for the nine months ended September 30, 2004. A copy of the press release is attached hereto as Exhibit 99.1 to this report.

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.

Date: November 11, 2004	By	/s/ Martin Kaye
		Martin Kaye
		COO, CFO

INDEX TO EXHIBITS

Exhibit

No. Description

99.1   Press Release of Track Data Corporation dated November 11, 2004 reporting third quarter 2004 financial results.

EX-99.1 CHARTER

TRACK DATA CORPORATION

NEWS RELEASE

TRACK DATA REPORTS THIRD QUARTER RESULTS

Brooklyn, New York - November 11, 2004 - Track Data Corporation (Nasdaq: TRAC) today announced results for its third quarter ended September 30, 2004.

Revenues for the third quarter ended September 30, 2004 were $9,222,000 compared to $9,872,000 for the same period in 2003, a decrease of 7%. Net loss for the second quarter of 2004 was $(76,000), or $.00 per share, compared to net income of $793,000, or $.02 per share in 2003. The Company continues to experience declines in revenues from its market data services to the professional market. Management expects this trend to continue through 2004, negatively impacting revenues and profits. Revenues from Track ECN and the Company’s Newsware division increased in the third quarter of 2004, offsetting the decline in the professional market data revenues. Revenues from the non-professional market declined in the third quarter of 2004 compared to 2003 due to reduced trading volume and market data revenues. The 200 4 period includes an after-tax gain of $65,000 on marketable securities, including $122,000 from the sale of Innodata common stock. The 2003 period includes after-tax income of $270,000 from telecommunications credits and government grants, and an after-tax gain on marketable securities of $283,000.

Revenues for the nine months ended September 30, 2004 were $29,817,000 compared to $30,891,000 for the same period in 2003, a decrease of 3%. Net income for the 2004 period was $1,741,000, or $.04 per share, compared to $1,457,000, or $.03 per share in 2003. The decline in revenues was due to the factors set forth above. The 2004 period includes an after-tax gain on marketable securities of $1,057,000, including $448,000 from the sale of Innodata common stock, compared to $742,000 in the 2003 period.

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. Track ECN offers subscribers the highest published rebate in the industry.

For individual investors, Track Data Securities offers myTrack and TrackTrade, 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 TrackTrade 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.

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 uncertaint ies 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				Nine Months Ended
	September 30,				September 30,
	2004		2003		2004		2003
Revenues	$9,222,000		$9,872,000		$29,817,000		$30,891,000
Net (loss) income	(76,000	) (A)	793,000	(B)(C)	1,741,000	(A)	1,457,000	(B)(C)
Basic and diluted income per share	$.00		$.02		$.04		$.03
(A) Includes a gain on sale of securities, after taxes, of $65,000 for the three months and $1,057,000 for the nine months of 2004
(B) Includes a gain on sale of securities, after taxes, of $283,000 for the three months and $742,000 for the nine months of 2003
(C) Includes after-tax income of $270,000 from telecommunication credits and government grants