Automated Confirmation Transaction Service (ACT)
An automated system designed to document and report the clearing of trades in the Nasdaq market. Investopedia Says:
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 |