What is claimed is:1. A computer program product for releasing space in a target volume to which data is copied from a source volume, wherein the computer program product comprises a computer readable storage medium having program instructions executable by a processor to cause operations, the operations comprising:determining tracks to release in a target volume;releasing space allocated to the determined tracks; andcreating a point-in-time copy of the target volume in response to releasing the space.2. The computer program product of claim 1, wherein the data is copied to the target volume from the source volume to form a consistency group at the target volume, wherein the releasing the space is performed while tracks are copied from the source volume to the target volume to form the consistency group.3. The computer program product of claim 2, wherein a target server has a device adaptor coupled to the target volume, wherein the releasing the space comprises:forming, at the target server, a space release list indicating the determined tracks;constructing, at the target server, space release commands for the tracks in the space release list;sending the space release commands to a device adaptor at the target server coupled to a target storage having the target volume to execute against the target volume to release the space; andreturning complete to forming the consistency group in response to the device adaptor completing executing the space release commands and creating the point-in-time copy of the target volume.4. The computer program product of claim 1, wherein the determining tracks to release comprises determining tracks allocated but not used for a thin provisioned volume.5. The computer program product of claim 1, wherein the operations comprise:receiving a message indicating that a consistency group has been formed in the target volume from copying the data from the source volume, wherein the determining tracks to release in the target volume is performed in response to receiving the message.6. The computer program product of claim 5, wherein the operations further comprise:returning complete to forming the consistency group in response to completing the creating the point-in-time copy of the target volume.7. The computer program product of claim 6, wherein the message is received from a source server managing the source volume, wherein the message is received at a target server managing the target volume, and wherein the target server returns complete to forming the consistency group to the source server.8. A system for releasing space in a target volume to which data is copied from a source volume, comprising:a processor; anda computer readable storage medium having program instructions executable by the processor to cause operations, the operations comprisingdetermining tracks to release in a target volume;releasing space allocated to the determined tracks; andcreating a point-in-time copy of the target volume in response to releasing the space.9. The system of claim 8, wherein the data is copied to the target volume from the source volume to form a consistency group at the target volume, wherein the releasing the space is performed while tracks are copied from the source volume to the target volume to form the consistency group.10. The system of claim 9, further comprising:a device adaptor coupled to the target volume;wherein the operations performed by the processor executing the program instructions further comprise:forming a space release list indicating the determined tracks;constructing space release commands for the tracks in the space release list;sending the space release commands to the device adaptor to execute against the target volume to release the space; andreturning complete to forming the consistency group in response to the device adaptor completing executing the space release commands and creating the point-in-time copy of the target volume.11. The system of claim 8, wherein the determining tracks to release comprises determining tracks allocated but not used for a thin provisioned volume.12. The system of claim 8, wherein the operations comprise:receiving a message indicating that a consistency group has been formed in the target volume from copying the data from the source volume, wherein the determining tracks to release in the target volume is performed in response to receiving the message.13. The system of claim 12, wherein the operations further comprise:returning complete to forming the consistency group in response to completing the creating the point-in-time copy of the target volume.14. The system of claim 13, wherein the message is received from a source server managing the source volume, wherein the complete to forming the consistency group is returned to the source server.15. A method for releasing space in a target volume to which data is copied from a source volume, comprising:determining tracks to release in a target volume;releasing space allocated to the determined tracks; andcreating a point-in-time copy of the target volume in response to releasing the space.16. The method of claim 15, further comprising:receiving a message indicating that a consistency group has been formed in the target volume from copying the data from the source volume, wherein the determining tracks to release in the target volume is performed in response to receiving the message.17. The method of claim 15, wherein the data is copied to the target volume from the source volume to form a consistency group at the target volume, wherein the releasing the space is performed while tracks are copied from the source volume to the target volume to form the consistency group.18. The method of claim 17, wherein a target server has a device adaptor coupled to the target volume, wherein the releasing the space comprises:forming, at the target server, a space release list indicating the determined tracks;constructing, at the target server, space release commands for the tracks in the space release list;sending the space release commands to a device adaptor at the target server coupled to a target storage having the target volume to execute against the target volume to release the space; andreturning complete to forming the consistency group in response to the device adaptor completing executing the space release commands and creating the point-in-time copy of the target volume.19. The method of claim 16, further comprising:returning complete to forming the consistency group in response to completing the creating the point-in-time copy of the target volume.20. The method of claim 19, wherein the message is received from a source server managing the source volume, wherein the message is received at a target server managing the target volume, and wherein the target server returns complete to forming the consistency group to the source server.