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SEC Rule 11Ac1-6 Report of

Track Data Securities Non-directed Orders from 10/1/04 to 12/31/04



Percentage of Total Customer Orders that were Non-directed for each Section



Section Percentage



NASDAQ 23.23%

NYSE 32.84%

AMEX 19.86%

OPTIONS 20.33%







Percentage of Total Non-Directed Orders for a section per order type



Section Type of Order Percentage



NASDAQ Market 29.02%

Limit 65.18%

Other 5.80%



NYSE Market 41.36%

Limit 54.17%

Other 4.47%



AMEX Market 21.22%

Limit 76.10%

Other 2.68%



Options Market 7.87%

Limit 91.90%

Other 0.23%







Percentage of Non-directed orders for each venue in each section



Section Venue Percentage



NASDAQ

NITE 44.56%

TRAC 42.67%

INET 6.49%

ARCA 1.71%

BRUT 1.61%

SCHB 1.55%

SIZE 0.41%

BTRD 0.20%

GSCO 0.12%

GVRC 0.10%

(other venues) 0.58%



NYSE

TMRK 92.49%

OES 3.44%

ARCA 1.36%

NYFI 1.26%

INET 0.75%

ABNL 0.69%

BRUT 0.02%

TRAC 0.01%







AMEX

TMRK 77.92%

INET 10.08%

OES 5.38%

ABNL 3.43%

ARCA 3.17%

BRUT 0.03%







Options

ABNO 49.49%

NITO 27.43%

ERNS 22.08%

(other) 0.99%



Percentage of Order Type by Venue



Type of Order Venue Percentage



Market Order

NITE 52.56%

TMRK 41.20%

SCHB 1.78%

ABNO 1.61%

NITO 1.07%

ERNS 0.89%

OES 0.66%

GSCO 0.21%

ARCA 0.01%

NYFI 0.01%







Limit Order

TRAC 30.34%

TMRK 23.48%

NITE 13.47%

ABNO 9.42%

INET 6.46%

NITO 5.12%

ERNS 4.10%

ARCA 2.20%

OES 1.51%

BRUT 1.32%

(other venues) 2.58%







Other

TRAC 67.96%

TMRK 28.58%

NITE 1.92%

OES 0.74%

ERNS 0.40%

NITO 0.28%

ABNL 0.09%

NYFI 0.06%

BRUT 0.03%

INET 0.03%









Payment for order flow information:

Track Data Securities Corp. maintains the following payment for order flow arrangements:

INET - standard rebate of $0.002 per share

BRUT - standard rebate of $0.002 per share

ARCA - standard rebate of $0.002

INCA - standard rebate of $0.002

TRAC - standard rebate of $0.0025 per share

DATA - standard rebate of $0.001 per share



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