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Automated Confirmation Transaction Service - ACT

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Definition of 'Automated Confirmation Transaction Service - ACT'

An automated system designed to document and report the clearing of trades in the Nasdaq market.
Investopedia Says

Investopedia explains 'Automated Confirmation Transaction Service - ACT'

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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