Automated Confirmation Transaction Service - ACT
An automated system designed to document and report the clearing of trades in the Nasdaq market.
Investopedia Commentary
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 Links
The Nitty-Gritty Of Executing A Trade
See also: Clearing House, DTC, Nasdaq, QSR
Also spelled: act