Automated Confirmation Transaction Service - ACT

AAA

DEFINITION of 'Automated Confirmation Transaction Service - ACT'

An automated system designed to document and report the clearing of trades in the Nasdaq market. Designed to increase transparency, the Automated Confirmation Transaction Service (ACT) is a technology platform that provides faster access to trade information, increase the efficiency of trade reconciliation and back-office transactions and provides online access to the status of all trade entries.

Also called ACT Service.

INVESTOPEDIA EXPLAINS 'Automated Confirmation Transaction Service - ACT'

Prior to using the ACT, the Nasdaq utilized the Trade Acceptance and Reconciliation Service, or TARS. ACT replaced TARS and assumed its functionality in the third quarter of 1998.

RELATED TERMS
  1. Reconciliation

    An accounting process used to compare two sets of records to ...
  2. Depository Trust Company - DTC

    One of the world's largest securities depositories, it holds ...
  3. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  4. Chill

    Special restrictions that can be placed on a given security by ...
  5. Transparency

    The extent to which investors have ready access to any required ...
  6. Qualified Special Representative ...

    An agreement between broker-dealers to clear trades without the ...
Related Articles
  1. Investing Basics

    Principal Trading and Agency Trading

    Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!
  2. Options & Futures

    The NYSE And Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.
  3. Trading Strategies

    High-Frequency Trading Regulations

    Current regulations on high-frequency trading, and possible future ones. How some people think high-frequency trading should be regulated or illegal.
  4. Trading Strategies

    The World's 10 Most Famous Traders Of All Time

    A review of the most famous and infamous traders in history.
  5. Mutual Funds & ETFs

    ETF Bubble Or No Bubble?

    ETFs might be the recommendation of choice for the unimaginative financial advisor, but that doesn’t mean that the industry is in a bubble.
  6. Trading Strategies

    The 10 Worst Mistakes Beginner Traders Make

    Traders generally buy and sell securities more frequently and hold positions for much shorter periods than investors, which can result in costly mistakes.
  7. Options & Futures

    A Detailed Look Into China's Options Market

    As the Chinese options market gradually takes shape, we provide an overview, including details of the initial phase and building blocks, primary beneficiaries, the impact on the overall financial ...
  8. Investing Basics

    The Strange New World Of The Bitcoin Exchange Futures Market

    We explain the basics of the Bitcoin exchange and futures market.
  9. Trading Strategies

    Steps To Becoming A Quant Trader

    These days, being highly proficient in mathematics or statistics is the bare minimum requirement for being a quant. You'll need a whole lot more than that.
  10. Trading Strategies

    How Trading Algorithms Are Created

    The steps quantitative traders, and traders using algorithms, follow in order to create their algorithms.

You May Also Like

Hot Definitions
  1. Fiduciary

    1. A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets ...
  2. Expected Return

    The amount one would anticipate receiving on an investment that has various known or expected rates of return. For example, ...
  3. Carrying Value

    An accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance ...
  4. Capital Account

    A national account that shows the net change in asset ownership for a nation. The capital account is the net result of public ...
  5. Brand Equity

    The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. ...
Trading Center