Automated Confirmation Transaction Service - ACT

What Does Automated Confirmation Transaction Service - ACT Mean?
An automated system designed to document and report the clearing of trades in the Nasdaq market.

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.

Related Terms

Chill
Clearing House
Depository Trust Company - DTC
Nasdaq
National Association of Securities Dealers - NASD
Qualified Special Representative Agreement - QSR
More Related Terms

Related Links

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!
The Tale Of Two Exchanges: NYSE And Nasdaq - Learn some of the important differences in the way they operate and the securities that trade on them.

Rate this Term: Your Rating: Overall Rating: Vote Now!