| Automated Confirmation Transaction Service - ACT |
An automated system designed to document and report the clearing of trades in the Nasdaq market.
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All NASD members are required to participate in ACT. ACT provides faster access to trade information, it increases the efficiency of trade reconciliation and back-office transactions, and it also offers online access to the status of all trade entries.
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The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind-the-scenes when you buy or sell a stock? Read on and find out! |
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