ACT (Nasdaq): Difference between revisions
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'''ACT''', or '''Automated Confirmation of Transactions''', is a [[ |
'''ACT''', or '''Automated Confirmation of Transactions''', is a [[NASDAQ]] [[Stock Market]] system for reporting and clearing trades. In contrast to QSR ([[Qualified Special Representative]]) clearing via [[NSCC]], which requires multiple relationships between broker/dealers and clearing firms, ACT facilitates the simplifies the process of clearing by providing a single [[counterparty]] to interact with. |
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ACT offers a risk management system that allows clearing firms to monitor the activity of their clients. This tool is unique within the clearing business. |
ACT offers a risk management system that allows clearing firms to monitor the activity of their clients. This tool is unique within the clearing business. |
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== External links == |
== External links == |
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* [http://www. |
* [http://www.nasdaq.com/ NASDAQ website] |
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{{Stockexchange-stub}} |
{{Stockexchange-stub}} |
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Revision as of 21:02, 15 November 2007
ACT, or Automated Confirmation of Transactions, is a NASDAQ Stock Market system for reporting and clearing trades. In contrast to QSR (Qualified Special Representative) clearing via NSCC, which requires multiple relationships between broker/dealers and clearing firms, ACT facilitates the simplifies the process of clearing by providing a single counterparty to interact with.
ACT offers a risk management system that allows clearing firms to monitor the activity of their clients. This tool is unique within the clearing business.
The ACT tool no longer exists and is now known as the TRF or Trade Reporting Facility.
External links
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